8-K
filed February 27, 2024, 6:59 PM ET
ticker AXON
CIK 0001069183
earnings
confidence high
sentiment positive
materiality 0.80
AXON ENTERPRISE, INC. (AXON): auditor change — Axon FY2023 revenue $1.56B (+31%), net income $174M; guides FY2024 rev $1.88-1.94B
AXON ENTERPRISE, INC.
2023-FY EPS reported
$2.31
revenue$1,563,391,000
- FY2023 revenue $1.56B (+31% YoY); net income $174M; Adjusted EBITDA $329M.
- Axon Cloud & Services revenue $561M (+52%); ARR $697M (+47%).
- FY2024 revenue guidance $1.88-1.94B (20-24% growth); Adj. EBITDA $410-430M.
- Acquired Sky-Hero and Fusus; total TAM expanded to $63B.
- Dismissed Grant Thornton as auditor; appointed PwC; material weakness in revenue recognition controls.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
AXON ENTERPRISE, INC. engaged PricewaterhouseCoopers LLP as its auditor.
- Action
- engagement
- Auditor
- PricewaterhouseCoopers LLP
Exact text from the filing
the Audit Committee approved the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm, effective following the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2023
View on SEC.gov
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
AXON ENTERPRISE, INC. dismissed Grant Thornton LLP as its auditor.
- Action
- dismissal
- Auditor
- Grant Thornton LLP
- Successor
- PricewaterhouseCoopers LLP
Exact text from the filing
the Audit Committee approved the dismissal of Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm, effective immediately following completion of their engagement for the year ended December 31, 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AXON ENTERPRISE, INC. reported Full Year 2024 results: revenue $1.88 billion to $1.94 billion. Guidance initiated.
- Period
- Full Year 2024
- Revenue
- $1.88 billion to $1.94 billion
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Company projects Full Year 2024 revenue of $1.88 billion to $1.94 billion, representing 20% to 24% annual growth
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AXON ENTERPRISE, INC. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $1.56 billion, net income $174 million. Guidance raised.
- Period
- fourth quarter and fiscal year ended December 31, 2023
- Revenue
- $1.56 billion
- Net income
- $174 million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
IR@axon.com Axon 2023 Revenue Grows 31% to $1.56 Billion ● Axon Cloud and Services revenue grows 52% to $561 million ● Annual recurring revenue grows 47% to $697 million ● Annual net income of $174 million supports Adjusted EBITDA of $329 million ● Company projects Full Year 2024 revenue of $1.88 billion to $1.94 billion, representing 20% to 24% annual growth Fellow shareholders, Axon is delighted to deliver another year of record company performance, fueled by product innovation, partnership with our customers and strong industry trends.
View on SEC.gov
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