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 PHOENIX (AP) - Stun-gun maker Taser International Inc. reported Wednesday its fourth-quarter profit dropped 98 percent on lower sales and higher expenses as the company fought lawsuits and continuing bad publicity during the period.
Taser said its quarterly income declined to $92,697, or break even per share, from $4.7 million, or 7 cents per share, a year ago. Sales fell 34 percent to $12.6 million from $19.2 million last year.
"Thank God it's behind us," Taser Chief Executive Officer Rick Smith said, referring to 2005. "If you look at other companies in America last year, I think very few faced as many exogenous challenges as Taser International did."
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