Before the market open, Taser reported adjusted earnings of 9 cents per share, above analysts' expectations for earnings of 4 cents per share.
Total revenue increased 20% to $56 million from the year-ago period, beating analysts' estimates for revenue of $50.7 million.
By segment, revenue within Taser's Axon body camera division surged 47% to $9.4 million year-over-year, while revenue within its weapons business increased 15% to $46.7 million.
The company has benefited as police departments increasingly equip officers with body cameras amid calls for greater accountability, the Wall Street Journal reports.
"I think the stock is too cheap," TheStreet's Jim Cramer had said ahead of the release on CNBC's "Mad Money" last Monday. "It's time to buy."
Based in Scottsdale, AZ, Taser is engaged in development, manufacture and sale of conducted electrical weapons (CEW) designed for use in law enforcement, military, corrections, private security and personal defense.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.
Taser's strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations are countered by weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: TASR
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.