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

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From: Zen Dollar Round10/22/2018 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:

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From: Zen Dollar Round11/7/2018 1:40:01 PM
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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:

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    From: Zen Dollar Round11/7/2018 1:54:07 PM
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    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: Zen Dollar Round2/16/2019 8:05:52 PM
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    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 An archived replay will be available after the call ends.

    More at:

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    From: JakeStraw2/27/2019 10:54:28 AM
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    Axon Delivers Record Q4 and Full Year 2018 Revenue and Bookings; Introduces 2019 Guidance

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

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    From: Zen Dollar Round5/17/2019 8:59:34 AM
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    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: Zen Dollar Round5/17/2019 11:05:20 AM
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    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
    Net Income
    $6.4 M
    $12.9 M
    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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    From: Daniel Schumacher6/4/2019 3:29:29 PM
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    I think their Patent infringement case from Digital Ally could create a major headwind for them and a windfall for DGLY. Resolution by August.

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    From: Zen Dollar Round8/8/2019 9:04:18 PM
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    Axon Q2 2019: Record bookings of $142 million, up 60% on new product strength, adoption of Officer Safety Plan 7

    SCOTTSDALE, Ariz., Aug. 8, 2019 /PRNewswire/ -- Axon ( AAXN), the global leader in connected public safety technologies, today released the following quarterly update letter to shareholders.

    Dear Shareholders,

    In Q2, we delivered excellent progress on our long-term strategic goals while also working through some operational challenges in our TASER segment that resulted in revenue and EBITDA below our expectations.

    Unexpected short-term pressure on the TASER segment at quarter-end was tied to an inventory shortfall relating to a battery component supplier issue, as well as engineering actions we took to improve the long-term cost structure of our TASER 7 cartridges. We discuss these below in more detail.

    Key highlights since our last update include:
    • Our three largest deals feature monthly software ARPUs at more than double historic levels on our new Officer Safety Plan 7+ (OSP 7+), which is clearly resonating with customers.
    • Axon Records passed acceptance testing with two major city law enforcement agencies, which is a critical milestone where the agency verifies that Axon Records is functional and meets the agency's needs.
    • Future contracted revenue surpassed $1 billion for the first time.
    • Axon Cloud revenue grew 41% annually and 15% sequentially; and annual recurring revenue grew 40% annually to $129 million.
    • Bookings in our Software & Sensors segment set a new record at $142 million, up 60% over last year and 86% sequentially. Bookings were driven by strong customer reception for the Officer Safety Plan (both OSP 7 and OSP 7+), our new bundle composed of the TASER 7 platform, Axon Body 3, and several software features including digital evidence management and Axon Records, at a price of $149 to $199 per officer per month over 60 months. We are thrilled to welcome Atlanta, Minneapolis and Baltimore City police departments onto OSP 7+, and are in the process of signing several more major agencies.
    • Software and Sensors segment gross profit grew 45% year over year, aided by steady user additions and sound execution, allowing our body-worn camera and digital evidence management business to become self-supporting.

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