Anyone's guess. LAPD bought the cameras before they even have a policy of using them established. Maybe the others will wait until the policy is made first. London has been testing for 18 months, so don't hold your breath. But once they select, whoever wins their contract will have a leg up on the rest of the world's police agencies. London PD is highly respected, and some merely follow their lead in selecting equipment.
London has been piloting TASR cameras for 18 months (yes, 18 months). The initial order was 500 cameras. Just recently, they requested an additional 500 (a good sign). NYPD is, from recent reports, down to selecting TASR's flex (for head or lapel) and/or Vievu's body cameras.
15K - 20K seems too large. They need cameras when the officers are on the beat, not when they are off duty. With three shifts, they could narrow that down to about 6,000.
IMO, there was doubt in the Ferguson shooting; for New York, Federal prosecutor Eric Holder is weighing in, so that situation isn't over. In France and many other countries, you are guilty until proven innocent. In the U.S., you are innocent until proven guilty. That's a big difference right there.
Criminology students volunteer at our police department. They gain experience while helping the community. Police departments are really short-handed and need volunteers as their budgets have not improved that much from the economic crisis. Only now is our police department hiring people. All they ask of a volunteer to help out is four hours a week in the first year. Our volunteer of the year for 2014 put in nearly 900 hours! The police do a lot for the community that goes unspoken (bikes and bike helmets for kids, etc.). They have families like most of us do.
Person wasn't pulled over but was with buddy standing in front of a convenience store. Video is the store's camera, far away from the action at the other end of the building. No mention of a body camera in this video and too sketchy to see what was in his hand.
Over the long haul, body cameras will vindicate police officer's actions more than show their misuse of force on civilians. The Rialto, CA study showed a decline of 60% in use of force by police officers but a larger 88% decline in civilian complaints. Now civilians know the game is over for making false accusations when body cameras are used. Body cameras are not the silver bullet but they will certainly level the playing field a bit.
Everyone have a safe holiday season.
To get to your $2 EPS means $110M in net profit. Using the latest net profit margin from 3Q14 of 17%, revenue would have to be $647M. I doubt that's even possible (a quadruple). Where do you get a five multiple on sales?
You're confusing gross profits with net profits. For LTM ended Sept., TASR's revenue was $158M, gross profits was $99.7M, and net profit was $20M.
Mr. Coster has to have information to go on, and the financials won't be available for at least another two months for 2014. No one outside the company knows the details of contracts won. Were discounts offered for large purchases? Are they Flex cameras ($599) or body cameras ($399) or a combination of both? Are they obtaining TSAR's EVIDENCE service with the purchase (not all are) and, if so, is it under a 3- or 5-year contract? There are many variables here affecting revenue and profit, which impacts the stock price. What is the timing of the contracts (to fill them)? What is their backlog and how will that impact TSAR starting a second shift? If an agency says its investigating camera usage, how long with the pilot program last (London's has been ongoing for 18 months)? The LAPD still has to develop a policy for using the cameras. How will this impact deliveries and timing of usage (and charges for EVIDENCE)? How well are they selling to other first responders (fire and ambulance) and other public agencies (building inspectors and parking attendants)? How well are they selling upgraded and tasers (that's the money maker right now; EVIDENCE is losing $16 million a year) and will they have cameras attached to them? On a long-term basis, more quarterly data will be presented during 2015 to make more knowledgeable estimates of company EPS going forward. Until then, we are in limbo, and the stock is moving more on technical issues currently rather than fundamentals.
He may feel that at 70 times earnings TASR is fully priced with little upside from here, and ready for a correction, until the next earnings report, which may be in February. That's what makes markets (different opinions). You have a different opinion about IBM than someone else. Analysts have buys, sells, and holds on securities all the time.
Hardly. That's why they have partners. And to land on your back in a scuffle while wearing one of these would hurt your back. By comparison, you at least have your hands and arms to cushion a forward fall.
And that' why you become a long-term investor and invest with TASR, then go do something else besides watching the tape every 30 minutes. Keep it sweet and simple. Short-term gains are taxed at 40% while long-term gains are taxed at only 20%.
How much is your brokerage firm charging you for the certificate--if you can obtain one?
Many municipalities have their fiscal year ending in June, so they are mid-way through their 2014-2015 fiscal year.
Unfortunately, it's not an apples-to-apples comparison. They are testing an Axon Flex to a Vievu LE3. One attaches to eyeglasses, a cap or a helmet with the other attaches to the officer's uniform. It would be nice if they compared the LE3 with the Axon body camera. But seeing this article, it confirms prior statements that NYPD likes the smaller footprint of the LE3 versus the Axon body camera. With the Flex, all an officer has to do to record his/her surroundings is rotate their head while, with the LE3, they have to rotate their whole body. If the NYPD selects the Axon Flex, that's $200 more per camera than the Axon body, which evidently isn't even being considered by the NYPD.
No details yet. What portion Axon and what portion body cameras? Use of EVIDENCE? TASR's website says $15 per month per camera, but Akron, OH police chief says $15 is a licensing fee with EVIDENCE cost on top of that, so who knows. Maybe a quantity discount was offered. LAPD still has to formulate a policy for using the cameras.
TASR's website shows a lightning bolt in the middle of the camera that is being used by the LAPD (see also the Los Angeles Times for pictures).