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Taser And Digital Ally's Competition Extends Beyond The Market

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Taser And Digital Ally's Competition Extends Beyond The Market
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TASER International, Inc. (NASDAQ: TASR) and Digital Ally, Inc. (NASDAQ: DGLY) report quarterly numbers this week while they battle out each other in court for antitrust violations.

The companies are engaged in providing body camera and storage products designed for use by law enforcement, military, corrections and private security personnel.

Digital Ally sued TASER of copying its camera design for its Axon body cameras, and alleged TASER has bribed current and former government officials to win contracts and kick Digital Ally out of the market. This week, TASER said Seattle Police Department has selected Axon body-worn video platform.

In a statement, TASER denied the allegations terming the lawsuit as a “frivolous and egregious” one.

“TASER has been very successful in defending litigation and we have prevailed in all previous patent lawsuits with competitors. We believe we will prevail in this litigation as well.”

Last month, Digital Ally disclosed that a Federal District Court gave a ruling that denied TASER’s request to continue the stay of unearthing of the antitrust claims included in its lawsuit against TASER. As a result, the ruling enables investigations into claims that Taser has bribed officials and conspired.

On the earnings front, Taser produced a better-than-expected Q3 report with EPS of $0.07 versus expectations for $0.06. Total sales during the quarter were $71.9 million versus expectations for $59.00 million.

On the other hand, the Street forecasts Digital Ally to report a loss of $0.23 for the third quarter, with revenue of $6.01 million. In the prior year quarter, the company reported a loss of $0.45 and revenue of $5.10 million. However, the company’s loss numbers has missed consensus in all of has the past four quarters.

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