earnings
confidence high
sentiment positive
materiality 0.90
Axon Q4 revenue +54% to $336M; 2022 revenue $1.19B; projects $2B by 2025
AXON ENTERPRISE, INC.
2022-FY EPS reported
$2.03
revenue$1,189,935,000
- Q4 revenue $336M (+54% YoY); full year $1.19B (+38%); GAAP net income $147M; adj. EBITDA $232M.
- Axon Cloud revenue $368M (+50% YoY); ARR $473M (+45%); net revenue retention 121%.
- Launched TASER 10; bundled pricing $50/user/month; expects gross margin neutral at scale in 2H 2023.
- 2023 revenue guidance $1.49-1.56B; adj. EBITDA $290-315M; Q1 revenue expected $340-355M.
- 2025 targets: revenue ≥$2B, adj. EBITDA margin ~25%, free cash flow conversion ≥60%.