Axon Q1 revenue $343M (+34% YoY); raises FY2023 outlook to 22% growth

AXON ENTERPRISE, INC.

2023-Q1 EPS reported $0.61 revenue$343,043,000

Record Q1 revenue $343M (+34% YoY); Net income $45M ($0.61 diluted EPS); Non-GAAP net income $65M ($0.88).
Axon Cloud revenue $116M (+51% YoY); ARR $520M (+49%); Net revenue retention 121%.
TASER segment revenue $134M (+17% YoY); Sensors & Other $92M (+42% on Axon Fleet 3 shipments doubling).
Raised full year 2023 outlook: 22% revenue growth; maintain ~20% Adjusted EBITDA margin.
Appointed Jeri Williams, Graham Smith and Erika Ayers to board of directors.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXON ENTERPRISE, INC. reported full year 2023 results: revenue 22% revenue growth. Guidance raised.

Period: full year 2023
Revenue: 22% revenue growth
Guidance: raised
Result: guidance update

Exact text from the filing

● Raises full year outlook to 22% revenue growth, maintains 20% Adjusted EBITDA margin

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXON ENTERPRISE, INC. reported Q1 2023 results: revenue $343 million, net income $45 million.

Period: Q1 2023
Revenue: $343 million
Net income: $45 million
Result: reported results

Exact text from the filing

Axon reports Q1 2023 revenue of $343 million, up 34% YOY, raises outlook ● Axon Cloud revenue of $116 million up 51% year over year ● Annual Recurring Revenue grows 49% to $520 million ● Net income of $45 million supports Adjusted EBITDA of $65 million

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Source: SEC EDGAR

accession 0001069183-23-000027

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