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   Technology StocksAxon Enterprise, Inc. (AXON), formerly Taser Intl.


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From: JakeStraw10/22/2018 2:17:25 PM
   of 972
 
NYPD pulls thousands of body cameras from streets after cop's explodes
The department suspects a battery defect made it ignite
cnet.com

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To: JakeStraw who wrote (954)10/22/2018 4:48:50 PM
From: J.F. Sebastian
   of 972
 
Axon Enterprise (AAXN) Downgraded by LADENBURG THALM/SH SH to Neutral

LADENBURG THALM/SH SH cut shares of Axon Enterprise (NASDAQ:AAXN) from a buy rating to a neutral rating in a report released on Monday morning, Marketbeat Ratings reports. LADENBURG THALM/SH SH currently has $77.00 target price on the industrial products company’s stock.

Several other equities research analysts also recently weighed in on AAXN. Northcoast Research initiated coverage on shares of Axon Enterprise in a research note on Tuesday, October 2nd. They issued a neutral rating for the company. BidaskClub downgraded shares of Axon Enterprise from a strong-buy rating to a buy rating in a research note on Saturday, September 22nd. Raymond James initiated coverage on shares of Axon Enterprise in a research note on Friday, September 14th. They issued an outperform rating and a $79.00 target price for the company. TheStreet downgraded shares of Axon Enterprise from a b- rating to a c rating in a research note on Thursday, August 9th. Finally, Imperial Capital upgraded shares of Axon Enterprise from an in-line rating to an outperform rating and raised their target price for the company from $50.00 to $62.00 in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $62.64.

More at: thelincolnianonline.com

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From: J.F. Sebastian10/22/2018 4:57:42 PM
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According to this article, Axon is expected to announce earnings on Tuesday, Nov. 6th, with consensus estimates coming in at $0.12 per share.

That is also Election Day in the U.S.

Full link: transcriptdaily.com

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From: J.F. Sebastian11/7/2018 1:40:01 PM
   of 972
 
SCOTTSDALE, Ariz., Nov. 6, 2018 /PRNewswire/ -- Axon ( AAXN), the global leader in public safety technology, today released the following quarterly update letter to shareholders. Results included:

  • Total quarterly revenue of $104.8 million, up 16% year-over-year
  • Axon Cloud revenue of $23.9 million, up 47% year-over-year
  • Software & Sensors annual recurring revenue of $101.6 million, up 60% year-over-year
  • All-new TASER 7 conducted energy weapon in active field trials, shipping soon
  • Introduced Axon Body 3, with LTE live-streaming capability

  • More at: finance.yahoo.com

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    From: J.F. Sebastian11/7/2018 1:54:07 PM
       of 972
     
    Bought more on today's dip. Same thing happened intraday last time on the day after last quarter's earnings announcement, when AAXN was down as much has 15 points or so, but it recovered quickly and gained back most of the loss over the following sessions.

    Still a believer in Axon's prospects long term.

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    From: J.F. Sebastian2/16/2019 8:05:52 PM
       of 972
     
    Axon to Release Fourth Quarter and Full Year 2018 Earnings on February 26, 2019

    SCOTTSDALE, Ariz., Feb. 13, 2019 /PRNewswire/ -- Axon (AAXN), the global leader in connected public safety technologies, today announced that it will report 2018 fourth quarter and full year financial results after the market closes on February 26, 2019. Axon executives Rick Smith, CEO and founder; Luke Larson, president; and Jawad Ahsan, CFO; will host a conference call and webcast to discuss the company's financial results at 5 p.m. ET that same day.

    The live audio webcast to discuss financial results, followed by Q&A, will be available on Axon's investor relations website at investor.axon.com. An archived replay will be available after the call ends.

    More at: finance.yahoo.com

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    From: JakeStraw2/27/2019 10:54:28 AM
       of 972
     
    Axon Delivers Record Q4 and Full Year 2018 Revenue and Bookings; Introduces 2019 Guidance
    finance.yahoo.com

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    From: JakeStraw2/27/2019 11:00:22 AM
       of 972
     
    Edited Transcript of AAXN earnings conference call or presentation 26-Feb-19
    finance.yahoo.com

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    From: J.F. Sebastian5/17/2019 8:59:34 AM
       of 972
     
    AAXN has held up very well in the latest market turmoil. Unlike most of the rest of the market recently, the stock recovered quickly from the hit it took after earnings last week and was up another $2.77 yesterday to $68.18 yesterday, now trading higher than it was before earnings.

    I think both things are a very good sign about the prospects for this company.

    It's up over 50% YTD, I believe investors are getting the message about the value this company has, from TASER sales to their body and in-car cameras and cloud-based software subscriptions.

    Nothing like having recurring revenue from subscriptions to drive profits

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    From: J.F. Sebastian5/17/2019 11:05:20 AM
       of 972
     
    Axon Enterprise's Growth Continues Ahead of New Product Launches

    Axon Enterprise (NASDAQ: AAXN) has been working on new products like Taser 7, Body 3, and Axon Records for a few years now, and 2019 is when we'll see fruit from that labor. In the first quarter of 2019, the company set up product launches and began rolling out its newest stun gun, but it was largely anticipation about upcoming launches that management was focused on.

    Axon reported its first-quarter results on May 9. Here's an overview of the numbers and what we can expect as new products hit the market.

    Metric Q1 2019
    Q1 2018
    Year-Over-Year Change
    Sales $115.8 M
    $101.2 M
    14.4%
    Net Income
    $6.4 M
    $12.9 M
    (50.3%)
    Diluted EPS
    $0.11 $0.24 (54.2%)
    Data source: Axon Enterprise Q1 2019 earnings release.

    What happened with Axon Enterprise this quarter?

    The drop in net income may seem alarming, but when you look at segment results, it isn't surprising at all. And it shows how much management is investing in growing the business. Here are segment highlights and when we can expect new products:

  • Axon 3, which is an LTE cellular connected device, is set to ship in the third quarter of 2019. Management said it has demonstrated live streaming with carriers and begun the certification process.
  • Axon Records continues to take longer than hoped but should go live with a customer later this year. Investors will have to wait until 2020 for significant traction on this product, but if it works well it could be a game changer for Axon and law enforcement.
  • The drop in earnings that you see above was due in large part to the launch of Taser 7, which had low yields in early production runs. Management said margins should improve in coming quarters and expects gross margins of more than 70% long term.
  • Taser sales were up just 2.9% versus a year ago to $65.4 million, and gross margins fell 330 basis points to 64.4%. The changes were due largely to more subscription-based sales and lower yields, as noted above.
  • Axon Cloud sales rose 36.5% year over year to $27.6 million and generated a 73.6% gross margin.
  • Sensor sales, which include body cameras, were up 30.6% versus a year ago to $22.8 million and gross margin was 28.4%, lower than other segments because body cameras enabled the high-margin cloud sales.
  • As Axon builds its customer base, seats booked and recurring revenue are key operating metrics to watch. In the first quarter, seats booked increased to 371,100 from 226,900 a year ago, and annual recurring revenue rose from $83.3 million to $122.3 million with $930 million of total contracted revenue.

  • What management had to say

    The first quarter is like a setup for the new products coming later this year, and President Luke Larson summed up the quarter well, saying, "We feel confident that Taser 7 will be a major revenue and gross profit driver for our business over the next several years. In Q1, Taser segment gross margins were pressured by two main factors -- ASP, the average selling price, and scrap rates both will improve over time, and we are improving, even as we speak."

    The fact that Axon is growing double digits without the help of these new products is extremely impressive. Investors should be excited about what's to come later in 2019.

    Looking forward

    Management increased its 2019 revenue expectations by $5 million to between $485 million and $495 million. Second-quarter revenue is expected to be up 16% to 17% year over year, and growth should pick up in the second half of the year. With Taser 7 and Axon Records due out later this year, Axon could keep its double-digit growth streak growing for years to come.

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