Public announcements from Axon or major US cities

Axon Q1 EPS $1.15 Beats $0.95 Estimate, Revenue $460.7M Tops Forecast

May 6, 2024, 10:40 PM

Axon Enterprise, the makers of tasers, body cameras, and justice system-related software, has reported a significant earnings beat for Q1 2024. The company announced a net income of $133 million and non-GAAP earnings per share (EPS) of $1.15, surpassing the expected $0.95. Revenue for the quarter was $460.7 million, also beating the forecast of $441 million. Additionally, Axon has raised its full-year revenue outlook and announced the acquisition of drone defense startup Dedrone, which specializes in protecting against drone threats and advancing the use of Drones as First Responders (DFR). Axon's Cloud & Services revenue grew 52% to $176 million, supporting an Adjusted EBITDA of $109 million and an annual recurring revenue of $825 million.