Axon Enterprise, Inc. ( (AXON) ) has released its Q3 earnings. Here is a breakdown of the information Axon Enterprise, Inc. presented to its investors.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Axon Enterprise, Inc., a leading global technology company in public safety, offers an integrated suite of hardware and software solutions aimed at modern policing, including TASER energy devices and body cameras.
In its Q3 2024 earnings report, Axon Enterprise, Inc. announced a robust revenue growth of 32% year-over-year, reaching $544 million. The company has also revised its full-year revenue outlook upwards, now expecting approximately $2.07 billion, reflecting over 32% annual growth.
Key financial highlights from the quarter include a 36% increase in both TASER and Axon Cloud & Services revenues, driven by innovative product offerings and strong customer relationships. The net income for the quarter stood at $67 million, supported by a non-GAAP net income of $113 million and adjusted EBITDA of $145 million. Axon’s AI and drone technology initiatives, like the AI Era Plan and Drone as First Responder operations, showcase its commitment to innovation and public safety.
Looking forward, Axon anticipates continued robust growth with expected fourth-quarter revenues between $560 million and $570 million and adjusted EBITDA margins around 23.5%. The company remains focused on enhancing its AI capabilities and expanding its product offerings to meet the evolving needs of its customers.
