Axon Enterprise TodayAXONAxon Enterprise$572.40 +75.75 (+15.25%) 52-Week Range$265.32▼$715.99P/E Ratio147.91Price Target$587.38Add to WatchlistShares of industrials company Axon Enterprise NASDAQ: AXON were off to a great start in 2025 until recently. Shares got crushed for four straight trading days from Feb. 19 to the 24th. The stock fell mainly because analysts downgraded it. They had concerns about valuation and the possibility that the company could be hit hard by budget cuts from the federal governme ...

Axon Enterprise, Inc. (AXON) reported fourth-quarter 2024 adjusted earnings of $2.08 per share, which surpassed the Zacks Consensus Estimate of $1.53. The bottom line surged 84.1% year over year despite a significant rise in the cost of sales.Total revenues of $575.1 million surpassed the consensus estimate of $566.1 million and increased 33.6% year over year. The top line benefited from strong demand for TASER, Axon Body 4 and Axon Fleet 3 products. Growth in TASER and Sensors revenues, with increased adop ...

Citizens Capital Markets analyst Trevor Walsh reiterated the Market Outperform rating on Axon Enterprise Inc AXON, with a price forecast of $725.On Tuesday, the company reported fourth-quarter results, with quarterly revenue of $575 million that grew 34% year over year, driven by double-digit growth in each product segment.Walsh highlighted Axon’s total addressable market was now $129 billion, up from $77 billion in the first quarter of 2024, which reflected the growth from acquisitions like Fusus and Dedro ...

Here's our initial take on Axon Enterprise's (AXON -0.62%) fourth-quarter financial report.Key MetricsMetricQ4 2023Q4 2024Changevs. ExpectationsRevenue$430 million$575 million34%BeatEarnings per share (adjusted)$1.13$2.0884%BeatAnnual recurring revenue (ARR)$732 million$1.0 billion37%n/aNet revenue retention122%123%100 bpsn/aAxon Offers Up Strong Growth and GuidanceThere's plenty to like in this tech company's fourth-quarter results. The company's revenue grew by 34%, exceeding analysts' expectations as wel ...

Axon Enterprise, Inc. (NASDAQ:AXON) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Erik Lapinski - Senior Director, Investor Relations Rick Smith - Chief Executive Officer and Founder Josh Isner - President Brittany Bagley - Chief Operating Officer and Chief Financial Officer Jeff Kunins - Chief Product Officer and Chief Technology Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Meta Marshall - Morgan Stanley Joshua Reilly - Needham Michael Ng - Goldman ...

Axon Enterprise (AXON) reported $575.15 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 33.1%. EPS of $2.08 for the same period compares to $1.12 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $566.07 million, representing a surprise of +1.60%. The company delivered an EPS surprise of +35.95%, with the consensus EPS estimate being $1.53.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Axon Enterprise (AXON) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 35.95%. A quarter ago, it was expected that this maker of stun guns and body cameras would post earnings of $1.22 per share when it actually produced earnings of $1.45, delivering a surprise of 18.85%.Over the last ...

INVESTOR PRESENTATION VIEW REPORT FEBRUARY 2025 INVESTOR DECK Q4 2024 OVERVIEW OUR ECOSYSTEM MARKET OPPORTUNITY FINANCIALS APPENDIX 2 SAFE-HARBOR STATEMENT Forward-looking statements in this letter include, without limitation, statements regarding: proposed products and services and related development efforts and activities; expectations about the market for our current and future products and services, including statements related to our user base and customer profiles; the impact of pending litigation; s ...

Revenue Growth - Axon reported a 33% increase in annual revenue to $2.1 billion, marking the third consecutive year of over 30% growth[1]. - Q4 2024 revenue reached a record $575 million, up 34% year over year, with TASER revenue growing 37% to $221 million[2]. - Axon Cloud & Services revenue grew 41% year over year to $230 million, accounting for 40% of total revenue[2]. - The company expects 2025 annual revenue between $2.55 billion and $2.65 billion, reflecting approximately 25% growth[3]. - Axon surpassed $1 billion in annual recurring revenue and achieved total future contracted bookings of $10.1 billion[6]. - Future contracted bookings rose to $10.1 billion, reflecting a 42% year-over-year increase, with expectations to recognize 20% to 25% of this balance over the next 12 months[36]. - Axon anticipates full year 2025 revenue between $2.55 billion and $2.65 billion, representing approximately 25% annual growth at the midpoint[37]. Profitability and Margins - Adjusted EBITDA for 2025 is projected to be between $640 million and $670 million, with an expected margin of approximately 25%[37]. - Axon Cloud & Services gross margin decreased to 73.7% from 74.7% year-over-year, while adjusted gross margin improved to 77.2% from 75.7%[32]. - Sensors & Other gross margin decreased to 32.8% from 46.9% year-over-year, impacted by product mix and inventory reserve charges[32]. - Gross margin for the twelve months ended December 31, 2024, was $1.241 billion, up from $955.453 million for the same period in 2023, indicating a year-over-year growth of 30%[55]. - Adjusted gross margin for the twelve months ended December 31, 2024, was 63.2%, compared to 61.8% for the previous year[56]. - Gross margin for Q4 2024 was 60.1%, slightly down from 60.8% in Q3 2024 but consistent with 61.3% in Q4 2023[62]. - Adjusted gross margin for Q4 2024 was 63.2%, unchanged from Q3 2024 and an increase from 62.0% in Q4 2023[62]. Operating Performance - Operating cash flow increased 79% year over year to $250 million, supporting free cash flow of $225 million[24]. - Net income for Q4 2024 was $135.184 million, compared to $67.025 million in Q3 2024 and $57.061 million in Q4 2023, representing a significant increase of 101.5% year-over-year[55]. - Basic net income per share for Q4 2024 was $1.77, compared to $0.89 in Q3 2024 and $0.76 in Q4 2023, reflecting a year-over-year increase of 132.9%[55]. - Total operating expenses for the twelve months ended December 31, 2024, were $1.183 billion, up from $798.603 million in 2023, marking a 48.3% increase[55]. - Non-GAAP net income for Q4 2024 was $168.284 million, an increase from $113.452 million in Q3 2024 and $85.864 million in Q4 2023[61]. Investments and Expenditures - Capital expenditures for 2025 are projected to be between $140 million and $180 million, focusing on R&D investments and capacity expansion[37]. - Research and development expenses for Q4 2024 were $134.585 million, an increase of 17.6% from $114.477 million in Q3 2024 and a 60.3% increase from $83.972 million in Q4 2023[55]. - The company reported a net cash used in investing activities of $490,573 thousand for the twelve months ended December 31, 2024, compared to a net cash provided of $12,476 thousand in the previous year[67]. - Purchases of property and equipment for the three months ended December 31, 2024, were $24,801 thousand, slightly lower than $24,011 thousand in the same period of 2023[68]. Market Position and Strategy - The total addressable market (TAM) is estimated at $129 billion, with less than 2% penetration in annual revenue[12][14]. - Axon introduced AI-powered solutions, saving officers 2.2 million minutes through AI-driven incident reporting[4]. - The acquisition of Fusus enhances real-time crime center technology, supporting millions of livestreams across over 2,000 agencies[7]. - The company plans to realign its business segments to better reflect growth, transitioning to Connected Devices and Software & Services[26]. - Axon plans to continue focusing on product innovation and market expansion despite the identified risks and uncertainties[51]. Financial Position - Total current assets decreased to $2.3 billion as of December 31, 2024, from $2.4 billion a year earlier[66]. - Total liabilities increased to $2.1 billion as of December 31, 2024, compared to $1.8 billion in the previous year[66]. - Cash and cash equivalents decreased to $454.8 million as of December 31, 2024, from $598.5 million a year earlier[66]. - The company’s total assets increased to $4.5 billion as of December 31, 2024, from $3.4 billion a year earlier[66]. - Deferred revenue increased to $155,641 thousand for the twelve months ended December 31, 2024, compared to $146,819 thousand for the same period in 2023, showing a growth of 6%[67].

Core Insights - Axon reported a strong performance in 2024, achieving a record quarterly revenue of $575 million in Q4, representing a 34% year-over-year growth, marking the 12th consecutive quarter of over 25% growth [2][18] - The company expects annual revenue for 2025 to be between $2.55 billion and $2.65 billion, reflecting approximately 25% annual growth [3][41] - Axon's total addressable market (TAM) is estimated to be $129 billion, indicating significant growth potential as the company continues to innovate and expand its product offerings [12][13] Financial Performance - Axon achieved a full-year net income margin of 18.1% and an Adjusted EBITDA margin of 25.0% [1][11] - Annual recurring revenue grew by 37% to $1.0 billion, driven by new customer adoption and upgrades to premium offerings [32] - The company reported a net income of $135 million for Q4 2024, with a net income margin of 23.5% [21] Product Innovations - Axon introduced a suite of AI-powered solutions aimed at enhancing public safety, which contributed to significant time savings for law enforcement [4] - The acquisition of Fusus strengthened Axon's Real-Time Operations platform, enabling real-time access to integrated data from various sources [5] - The Axon Drone as First Responder solution allows for rapid assessment and intervention, improving operational efficiency in emergency situations [6] Market Expansion - Axon's TAM penetration within U.S. state and local law enforcement is estimated to be below 15%, highlighting a robust growth opportunity [13] - The company identified new opportunities in international governments, expanding its market potential by $32 billion [23] - The enterprise market opportunity has grown by $23 billion, reflecting the increasing demand for integrated public and enterprise safety solutions [23] Operational Metrics - Future contracted bookings increased to $10.1 billion, up 42% year-over-year, indicating strong demand for Axon's products and services [32] - The company surpassed 1 million total software users and shipped over 200,000 TASER devices and 300,000 body cameras [11] - Operating cash flow increased by 79% year-over-year to $250 million, supporting a free cash flow of $225 million [22]