earnings
confidence high
sentiment positive
materiality 0.80
Axon Q2 revenue up 31% to record $286M; raises full-year outlook
AXON ENTERPRISE, INC.
2022-Q2 EPS reported
$1.46
revenue$542,039,000
- Q2 revenue $286M (+31% YoY); net income $51M ($0.71 EPS); non-GAAP EPS $0.44; adjusted EBITDA $50M.
- Annual Recurring Revenue $368M (+41% YoY); future contracted revenue $3.33B; 119% net revenue retention.
- Raised full-year 2022 revenue and adjusted EBITDA guidance.
- Josh Isner appointed COO (June 2022); Isaiah Fields appointed CLO (July 2022); CFO search ongoing.
- Strategic investments: $61M in Q2 including $25M follow-on in Dedrone, $21M minority in Fusus, $15M in DroneSense.