Axon Enterprise, Inc. ( (AXON) ) has released its Q4 earnings. Here is a breakdown of the information Axon Enterprise, Inc. presented to its investors.
Axon Enterprise, Inc., a leading technology company in the public safety sector, specializes in developing integrated hardware and cloud software solutions for modern policing, including TASER devices and body cameras. The company reported a robust financial performance for 2024, with a 33% increase in revenue to $2.1 billion, marking the third consecutive year of over 30% growth. Key highlights include a 37% growth in annual recurring revenue to $1 billion and a 44% increase in Axon Cloud & Services revenue to $806 million. Axon’s strategic advancements in AI and real-time crime center technology, along with significant acquisitions, have positioned it well for future growth. The company anticipates continued momentum into 2025, with projected revenue growth of approximately 25% and a focus on expanding its total addressable market, which is estimated at $129 billion.