TASER International (TASR), a maker of communities safer with innovative public safety technologies, has posted a 12.86 percent fall in profit for the quarter ended Jun. 30, 2014, due to drop in operating margins.

The company earned $3.88 million or $0.07 a share in the second-quarter compared with $4.46 million or $0.08 a share a year ago. Earnings per share met the analysts' expectation of $0.07.

Revenue during the second-quarter grew 15.54 percent to $37.18 million from $32.18 million in the last year period.

Gross margin expanded by 109 basis points over the previous year period to 62.45 percent. Total expenses as a percentage of revenues increased to 83.29 percent from 78.84 percent in the same period last year. That has resulted in contraction of 445 basis points in operating margins to 16.71 percent.

The company disclosed operating income of $6.21 million, compared with $6.81 million in the last year period.

''We hit another milestone this quarter by nearly doubling EVIDENCE.com and AXON bookings sequentially to $11.3 million,'' stated Rick Smith, TASER's CEO.

Cash Position

As on Jun. 30, 2014, the company's cash balance stood at $25.94 million, up 35.97 percent or $6.86 million from Jun. 30, 2013.

Working Capital

Taser International has witnessed an increase in the working capital over the last one year. The company's working capital stood at $82.12 million as at Jun. 30, 2014, up $26.21 million or 46.88 percent from $55.91 million on Jun. 30, 2013. It registered an increase in current ratio to 5.04 as at Jun. 30, 2014 from 3.80 on Jun. 30, 2013.

Debt Position

Taser International has witnessed a decline in the total debt over the last one year. As on Jun. 30, 2014, total debt stood at $0.08 million, down 29.47 percent or $0.04 million, from Jun. 30, 2013. The company's total debt was 0.06 percent of total assets as on Jun. 30, 2014, compared with 0.11 percent on Jun. 30, 2013.

Shares of the company gained $1.86 or 16.17 percent to settle at $13.36 on Wednesday.