From: Zen Dollar Round | 11/8/2019 1:25:11 PM | | | | Axon Reports Record Revenue of $131 million; Axon Cloud Grows 42%; Raising Full-Year Revenue Outlook to $500-$510 million
SCOTTSDALE, Ariz., Nov. 7, 2019 /PRNewswire/ -- Axon ( AAXN), the global leader in connected public safety technologies, today released the following quarterly update letter to shareholders.
Dear Shareholders,
Since our August update, we executed on a series of objectives across our product, people, and adjacent markets, and we feel as confident as ever in our strategy and trajectory. We set and delivered on several large goals thus far in 2019 — all with the purpose of driving adoption of our growing software platform, transforming Axon into the leading technology provider for public safety, and serving our ultimate goal of creating safer communities and protecting life.
Importantly, we continue to make substantial progress driving long-term subscriptions. Customers have been rapidly adopting our best-value plans to gain access to more of the Axon network, building upon our historical strength with TASER device and body camera solution subscriptions. Our highest value tiered integrated bundle, for example, of $199 per officer per month over five years, known as the Officer Safety Plan, includes access to a wide range of benefits including TASER 7, Axon Body 3, and a host of cloud services including Axon Records. In Q3 2019, about a third of our total quarterly bookings, which average about five years per contract, were tied to some version of the Officer Safety Plan.
We are thrilled to be approaching year end with a strong market position and powerful operating platform that will support the next several years of revenue and profit growth.
Product
We have a number of positive updates across our product portfolio.
After completing carrier certification with AT&T FirstNet Ready™ and Verizon Responder Private Core, we began shipping Axon Body 3, our latest generation camera, in September, as planned. Axon Body 3's cellular communication, wireless data, and geolocation capabilities are poised to revolutionize public safety workflows. And because the majority of our body camera customers are on a multi-year subscription, we expect the majority of our customer base to automatically upgrade to Axon Body 3 over the next three years as we build upon our unmatched, rapidly growing network of cloud-connected cameras and other devices. The portion of agencies choosing to activate the LTE connectivity built into every Axon Body 3 camera is exceeding our expectations and we continue to drive that forward in support of our future vision, where cameras use real-time signals and AI to automate transcription and automatically feed information into Axon Records.
Axon Records also achieved a critical milestone in September when the Fresno Police Department went live with a full agency-wide Records Management System (RMS) deployment using our cloud subscription service. Cincinnati Police Department has also started using Axon Records for several critical workloads, including use-of-force reporting, and will continue to deploy additional modules throughout 2020 and beyond as part of an agency-wide RMS upgrade to our service. Fresno and Cincinnati PDs are positive reference customers for Axon as we sign new customers and enhance Axon Records' capabilities over time. As a reminder, Axon Records intends to disrupt the law enforcement software category known as Records Management Systems, or RMS, which powers the workloads for writing, storing, managing and sharing official police incident reports. Axon's strategic advantages in this category include our growing network of cloud-connected sensors and our industry-leading cloud SaaS platform, Axon Evidence (Evidence.com), which today is one of the world's largest repositories of data of any type. Cincinnati PD Police Chief Eliot Isaac said, "We are seeing exceptional benefits with how body camera footage can be directly embedded in our use-of-force, officer accident, citizen complaint and other internal reports."
Link: finance.yahoo.com |
| Axon Enterprise, Inc. (AXON), formerly Taser Intl. | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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From: Zen Dollar Round | 11/26/2019 10:18:46 AM | | | | AAXN hitting a new ATH today at 77.29.
Anyone out there still in this stock? It's had quite a nice run since Q3 earnings and their latest announcements after raising full year guidance. |
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From: Zen Dollar Round | 6/1/2020 7:56:32 PM | | | | Shares of Axon, a maker of non lethal weapons and cameras for police, jump amid nationwide protests
Shares of law enforcement supplier Axon Enterprise spiked more than 18% on Monday after protests against police brutality turned violent in many cities across the country.
Axon, formerly known as Taser International, sells electrical weapons and body cameras for law enforcement officers. The stock’s jump on Monday followed a gain of 3.8% during Friday’s session.
The company was one of several that Oppenheimer identified in a note as providing technology that could be beneficial in reforming government agencies, such as police departments. The firm’s analysts praised Axon’s CEO, writing, “CEO Rick Smith has a company vision and personal passion to arm police agencies with technology and disarm them of lethal weapons.”
Over the weekend, Smith said released a statement on the company’s website in which he included quotes from police chiefs from Arizona and Washington and said “everyone deserves to get home safe.”
“We offer our sincere condolences to all those who loved George Floyd and we empathize with the citizens and communities who are angry and acknowledge the pain and suffering they are experiencing in the wake of this event,” Smith said in the statement.
The company, which has a market cap of roughly $4.5 billion, changed its name to Axon from Taser in 2017.
The stock has gained more than 22% year-to-date.
Link: cnbc.com |
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From: Zen Dollar Round | 6/16/2020 9:51:53 AM | | | | Shares of AAXN down so far today on news of secondary offering:
Axon Announces Proposed Public Offering of Common Stock
SCOTTSDALE, Ariz., June 15, 2020 /PRNewswire/ -- Axon Enterprise, Inc. (NASDAQ: AAXN), the global leader in connected law enforcement technologies, today announced that it has commenced a proposed public offering of 3,000,000 of shares of its common stock. The underwriters have a 30-day option to purchase up to 450,000 additional shares of common stock in the public offering. Axon intends to use the net proceeds from this offering for working capital and other general corporate purposes.
J.P. Morgan Securities LLC is acting as book-running manager for the proposed offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the final size or terms of the offering.
More at: finance.yahoo.com |
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From: Zen Dollar Round | 1/15/2021 10:56:58 AM | | | | Axon Enterprise, Inc. Expected to Post Earnings of $0.35 Per Share
Brokerages forecast that Axon Enterprise, Inc. (NASDAQ:AAXN) will post $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Axon Enterprise’s earnings, with estimates ranging from $0.31 to $0.43. Axon Enterprise reported earnings of $0.41 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 25th.
On average, analysts expect that Axon Enterprise will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.23. For the next year, analysts expect that the company will report earnings of $1.29 per share, with EPS estimates ranging from $1.12 to $1.46. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Axon Enterprise.
More at: dailypolitical.com |
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From: Zen Dollar Round | 7/23/2021 9:52:39 AM | | | | Axon to Release Second Quarter 2021 Earnings on August 5, 2021
SCOTTSDALE, Ariz., July 22, 2021 /PRNewswire/ -- Axon (Nasdaq: AXON), the global leader in connected public safety technologies, today announced that it will report second quarter 2021 financial results after the market closes on Thursday, August 5, 2021. Axon executives Rick Smith, CEO and founder; Luke Larson, president; and Jawad Ahsan, CFO; will host a live Zoom video webinar to discuss the company's financial results at 5 p.m. ET that same day.
More at: prnewswire.com |
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From: Zen Dollar Round | 8/7/2024 10:25:21 AM | | | | Axon Enterprise (AXON) Q2 Earnings and Revenues Top Estimates
Zacks Equity Research Tue, Aug 6, 2024, 2:15 PM PDT
Axon Enterprise (AXON) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 13.21%. A quarter ago, it was expected that this maker of stun guns and body cameras would post earnings of $0.97 per share when it actually produced earnings of $1.15, delivering a surprise of 18.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Axon, which belongs to the Zacks Security and Safety Services industry, posted revenues of $504.1 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.70%. This compares to year-ago revenues of $374.61 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Axon shares have added about 10.8% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Axon?
While Axon has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Axon: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.18 on $511.22 million in revenues for the coming quarter and $4.64 on $1.98 billion in revenues for the current fiscal year.
Link: finance.yahoo.com |
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From: Zen Dollar Round | 8/8/2024 6:36:23 AM | | | | Axon Stock Jumps As Taser Maker's AI Service Is A Hit
Axon Enterprise ( AXON), which supplies the Taser, body cameras and cloud-based digital evidence systems to law enforcement, easily beat second-quarter earnings estimates after Tuesday's close.
Yet the best news was how its Draft One artificial intelligence service is taking off, though it didn't meaningfully impact Q2 results. Axon stock is surging higher, flashing an early entry in Wednesday morning stock market action.
"Our customers' response to Draft One is better than anything I've seen, better than we could have imagined," Axon CEO Patrick Smith said in a Tuesday afternoon earnings call.
Draft One, launched in April, writes the first draft of a police report based on Axon Body Camera recordings. Axon says the AI-enabled product saves more than 50% of the time in writing reports. While immaterial to Q2 results, Draft One has generated over $100 million in yet-to-be recorded revenue faster than any other Axon software product, Smith said.
William Blair analyst Jonathan Ho wrote in a Wednesday note that Draft One could help drive adoption across Axon's platform of solutions, since it requires other subscriptions, including transcription, connectivity and Axon Cloud.
Ho wrote that Axon's fast growth may "be sustained for longer than investors anticipate" as it uncovers more opportunities to add value to customers, potentially improving the efficiency and effectiveness of public safety agencies.
Axon Earnings
Estimates: Analysts expected Q2 earnings per share to slip 8% to $1.02 as revenue grew 28% to $477.9 million.
Results: Axon earnings per share rose 9% to $1.20. Revenue leapt 34.6% to $504.1 million, the second-straight quarter of accelerating growth.
That growth was broad-based. Axon Cloud digital evidence management revenue grew 47% to $194.7 million. Sensors, including body and fleet cameras, brought in $112.4 million in revenue, up 28%. Taser revenue, including virtual reality training, rose 28% to $197 million.
Outlook: Axon raised its full-year revenue outlook to a range of $2-$2.05 billion, up from $1.94-$1.99 billion.
Axon Stock
Axon stock soared 19.4% to 352.25 in Wednesday afternoon stock market action, rising as high as 367.95 before cooling off.
After breaking support in turbulent markets on Friday and Monday, Axon rebounded 3.1% to 295 to its 50-day moving average on Tuesday.
On Wednesday, Axon gapped up to 332 at the open, clearing an official 329.87 buy point, according to MarketSurge. The top of the buy zone is 346.36.
Keep in mind that while a market rally attempt has just gotten underway, investors should exercise a higher degree of caution.
Link: investors.com |
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