earnings
confidence high
sentiment positive
materiality 0.85
Axon Q3 revenue $414M (+33% YoY), raises FY revenue guidance to ~$1.55B
AXON ENTERPRISE, INC.
2023-Q3 EPS reported
$1.56
revenue$1,131,249,000
- GAAP net income $59M ($0.78 diluted EPS); non-GAAP net income $78M ($1.02 diluted EPS).
- Adjusted EBITDA $92M (22.2% margin); ARR grew 54% YoY to $619M, NRR 122%.
- Axon Cloud & Services revenue +55% YoY ($148M); TASER segment +12% ($163M); Sensors +45% ($103M).
- International revenue +52% YoY; federal momentum: DHS IDIQ, VA live on Axon Records, first federal TASER 10 deal.
- Q3 operating cash flow $63M, free cash flow $49M; net cash position $432M.