TASER International, Inc. TASR 0.72% was the clear Q3 winner in a head-to-head battle with body camera rival Digital Ally, Inc. DGLY 0.98% on Wednesday evening. Both stocks reported Q3 earnings, and TASER put its rival to shame.
Digital Ally reported EPS of -$0.50 on revenue of $4.3 million, both well short of consensus Wall Street estimates of -$0.23 and $6.0 million, respectively.
TASER, on the other hand, reported EPS of $0.07 on revenue of $71.9 million, both convincingly beating analyst estimates of $0.05 and $59.1 million, respectively.
Even without knowing the numbers, the market is telling the story on Thursday. Digital Ally shares are down 2.0 percent in early trading, while TASER shares are soaring 15.9 percent.
The companies provide body cameras and storage products to law enforcement, military, corrections officers and private security personnel.
The battle between the two companies extends beyond friendly competition. Digital Ally has suedTASER over allegations that the latter has infringed upon its design patent for Axon body cameras. In addition, the lawsuit accuses TASER of bribing government officials for contracts.
“TASER has been very successful in defending litigation and we have prevailed in all previous patent lawsuits with competitors,” TASER said in a statement. “We believe…
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