10:00AM New York - Smith & Wesson Holding Corporation revenue rose 20% net income rose 124%.

Smith & Wesson Holding Corporation, a pistol maker said fourth quarter revenues rose 20% to $99.5 million from $83.1 million a year ago. Net income in the quarter rose 124% to $7.4 million or 14 cents per diluted share compared to net income of $3.3 million or 8 cents per a year ago.

Revenues for the fiscal year 2008 rose 13% to $335 million from $295.9 million a year ago. Net loss in the year was $64.2 million or $1.37 per diluted share compared to net income of $9.1 million or 22 cents per a year ago.

Smith & Wesson Holding Corporation (SWHC) in the last one year traded as high as $7.52 in May 2009 and as low as $1.53 in October 2008. Based on the yesterday’s closing price of $5.75 the company has market cap of $271.46 million.