- Axon Enterprise (NASDAQ: AXON) reported fourth quarter earnings per share (EPS) of $2.08, which was $0.68 above analysts' estimates of $1.40.
- Quarterly revenue amounted to USD 575 million, beating the consensus estimate of USD 566.8 million.
Outlook
- Axon Enterprise expects revenue of between USD 2.55 billion and USD 2.65 billion for the financial year 2025, compared to the analyst estimate of USD 2.56 billion.
Axon Enterprise reports strong growth and new records for 2024
- Axon Cloud & Services: Revenue increases by 44 % to 806 million USD
- Annual recurring revenue: Growing by 37 % to USD 1.0 billion
- Annual net profit: USD 377 millionsupported by a Non-GAAP net income of USD 466 million
Key operational milestones 2024
- Sales records: Over USD 2 billion in annual sales and USD 1 billion annual recurring revenue
- Order backlog: Annual bookings over USD 5 billionincrease the total future contract backlog to 10.1 billion USD
- Largest deal in the company's history: Conclusion of a major contract with a corporate customer
- Profitability: Net profit margin of 18.1 %, 25.0 % adjusted EBITDA margin and over 60 % free cash flow conversion
- Software user base: Over 1 million total users
- Hardware deliveries: More than 200,000 TASER devices, 300,000 bodycams and over 9 million cartridges delivered