earnings
confidence high
sentiment positive
materiality 0.85
Axon Q2 revenue up 31% to $375M; raises FY revenue outlook to $1.51-1.53B
AXON ENTERPRISE, INC.
2023-Q2 EPS reported
$0.77
revenue$717,648,000
- Q2 revenue $375M (+31% YoY); Axon Cloud & Services $133M (+62% YoY); ARR $559M (+52% YoY).
- GAAP EPS $0.16; non-GAAP EPS $1.11; Adjusted EBITDA $82M (22.0% margin, +460 bps YoY).
- FY revenue guidance raised to $1.51-1.53B (27-29% growth); maintains 20% Adj. EBITDA margin.
- Promoted Josh Isner to President, Brittany Bagley to COO & CFO effective June 28.
- Acquired Sky-Hero, Belgian drone innovator; no material impact to 2023 revenue or profit.