$AXON (-3,16%) Enterprise Q3 '24 Earnings Highlights:

Revenue and Earnings:

🔹 Revenue: $544M (Est. $525M) 🟢; UP +32% YoY

🔹 Adjusted EPS: $1.45 (Est. $1.20) 🟢; UP from $1.05 in Q3 '23

🔹 Adj EBITDA: $145M (Est. $119M) 🟢; UP +54% YoY

Q4 '24 Financial Guidance:

🔹 Revenue: $560M-$570M (Est. $547M) 🟢

🔹 Adjusted EBITDA: $130M-$135M (Est. $127M) 🟢

🔹 FY2024 Revenue Outlook: ~$2.07B; >32% growth YoY

🔹 Full-year Adjusted EBITDA Margin: Expected at ~24.6%

Segment Revenue:

🔸 TASER: $221.7M; UP +36.4% YoY

🔸 Software & Sensors: $322.5M; UP +28.7% YoY

🔸 Axon Cloud & Services: $202.5M; UP +35.9% YoY

Sensors & Other: $120M; UP +18% YoY

Other Key Metrics:

🔸 Gross Margin: 60.8%, down from 62.1% in Q3 '23

🔸 Net Income: $67M; UP +9% YoY

🔸 Annual Recurring Revenue (ARR): $885M; UP +36% YoY

🔸 Net Revenue Retention: 123%

Business Highlights:

🔸 Launched AI Era Plan in Q4 to expand AI-driven capabilities

🔸 Record demand for Axon Body cameras with over 100,000 units shipped

🔸 Completed acquisition of Dedrone to enhance airspace security technology

🔸 Strong adoption of TASER 10 devices and cartridges

🔸 Introduced Axon Body 4 with live translation capability

CEO Rick Smith's Commentary:

🔸 "Axon AI represents our commitment to continuous innovation, with a suite of AI-powered products designed to meet the evolving needs of modern law enforcement. Our solutions are built to integrate seamlessly, enhancing workflows for our customers."