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$AXON (+1,43%) Enterprise Q3 '24 Earnings Highlights:


Revenue and Earnings:

๐Ÿ”น Revenue: $544M (Est. $525M) ๐ŸŸข; UP +32% YoY

๐Ÿ”น Adjusted EPS: $1.45 (Est. $1.20) ๐ŸŸข; UP from $1.05 in Q3 '23

๐Ÿ”น Adj EBITDA: $145M (Est. $119M) ๐ŸŸข; UP +54% YoY


Q4 '24 Financial Guidance:

๐Ÿ”น Revenue: $560M-$570M (Est. $547M) ๐ŸŸข

๐Ÿ”น Adjusted EBITDA: $130M-$135M (Est. $127M) ๐ŸŸข

๐Ÿ”น FY2024 Revenue Outlook: ~$2.07B; >32% growth YoY

๐Ÿ”น Full-year Adjusted EBITDA Margin: Expected at ~24.6%


Segment Revenue:

๐Ÿ”ธ TASER: $221.7M; UP +36.4% YoY

๐Ÿ”ธ Software & Sensors: $322.5M; UP +28.7% YoY

๐Ÿ”ธ Axon Cloud & Services: $202.5M; UP +35.9% YoY

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


Other Key Metrics:

๐Ÿ”ธ Gross Margin: 60.8%, down from 62.1% in Q3 '23

๐Ÿ”ธ Net Income: $67M; UP +9% YoY

๐Ÿ”ธ Annual Recurring Revenue (ARR): $885M; UP +36% YoY

๐Ÿ”ธ Net Revenue Retention: 123%


Business Highlights:

๐Ÿ”ธ Launched AI Era Plan in Q4 to expand AI-driven capabilities

๐Ÿ”ธ Record demand for Axon Body cameras with over 100,000 units shipped

๐Ÿ”ธ Completed acquisition of Dedrone to enhance airspace security technology

๐Ÿ”ธ Strong adoption of TASER 10 devices and cartridges

๐Ÿ”ธ Introduced Axon Body 4 with live translation capability


CEO Rick Smith's Commentary:

๐Ÿ”ธ "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."

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