In the latest market close, Axon Enterprise (AXON) reached $251.24, with a -1.48% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.The maker of stun guns and body cameras's stock has dropped by 1.2% in the past month, falling short of the Industrial Products sector's loss of 0.83% and the S&P 500's gain of 2.4%.The upcoming earnings release of Axon Enterprise will be of gr ...

What is a Short Squeeze?A short squeeze occurs in the stock market when investors who have taken short positions in a stock (betting that its price will fall) are forced to buy shares to cover their positions as the stock's price unexpectedly rises. This upward price movement can be triggered by positive news, robust earnings reports, or other factors that drive demand for the stock. As short sellers rush to buy shares to limit their losses, the increased buying activity further drives up the stock's price. ...

Axon Enterprise (AXON) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of stun guns and body cameras have returned -2.5%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Security and Safety Services industry, which Axon falls in, has lost 1.3%. The key question now is: What could be the stock's futur ...

Stock Performance - Axon Enterprise ended the recent trading session at $250 69, showing a +0 46% increase from the previous day's closing price [1] - The stock outperformed the S&P 500's daily gain of 0 08%, while the Dow declined by 0 31% and the Nasdaq appreciated by 0 02% [1] - Over the past month, Axon Enterprise shares depreciated by 1 41%, underperforming the Industrial Products sector's gain of 4 54% and the S&P 500's gain of 3 52% [1] Financial Expectations - The company is expected to report EPS of $0 86, up 22 86% from the prior-year quarter [1] - Quarterly revenue is anticipated to be $418 97 million, up 24 64% from the year-ago period [1] Analyst Estimates - Positive estimate revisions are considered a sign of optimism about the company's business outlook [2] - The Zacks Consensus EPS estimate has moved 0 4% lower over the past month [2] - Axon Enterprise currently has a Zacks Rank of 3 (Hold) [2] Valuation Metrics - Axon Enterprise is trading with a Forward P/E ratio of 60 25, which is a premium compared to the industry's average Forward P/E of 21 4 [3] - The Security and Safety Services industry, part of the Industrial Products sector, has a Zacks Industry Rank of 91, placing it within the top 37% of over 250 industries [3]

In the latest trading session, Axon Enterprise (AXON) closed at $249.10, marking a -1% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.15%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.09%.The maker of stun guns and body cameras's shares have seen an increase of 5.37% over the last month, not keeping up with the Industrial Products sector's gain of 5.41% and outstripping the S&P 500's gain of 3.5%.Market participants will be closely fo ...

Axon Enterprise, Inc. (NASDAQ:AXON) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Andrea James - Corporate Communications Officer Rick Smith - Founder and Chief Executive Officer Josh Isner - President Brittany Bagley - Chief Operating Officer and Chief Financial Officer Conference Call Participants Keith Housum - Northcoast Research Partners Trevor Walsh - JMP Securities Joe Cardoso - JPMorgan Will Power - Baird Mike Ng - Goldman Sachs Jonathan Ho - William Blair Meta Ma ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-16391 | --- | --- | |------------------------------------------------------------------------------------ ...

Financial Data and Key Metrics - Revenue grew 31% YoY in Q2, with EBITDA margins at 22% [17] - Gross margin improved sequentially to 62%, driven by a favorable business mix from software [17] - Axon Cloud and services revenue accounted for 35% of total revenue, up from 29% a year ago [18] - Full-year revenue guidance increased to $1.51 billion to $1.53 billion, representing 27% to 29% growth [20] - Adjusted EBITDA margin guidance maintained at 20%, implying $302 million to $306 million in adjusted EBITDA [20] Business Line Data and Key Metrics - TASER business grew 14% YoY, with TASER 7 remaining the largest contributor, while TASER 10 shipments began to drive incremental growth [15] - Cloud business grew 62% YoY, with strong adoption of body cameras and enterprise software licenses [14] - Emerging product bookings grew nearly 50% YoY, driven by ALPR, auto tagging, Axon Records, and Axon Respond [16] - Axon Body 4 began shipping in June, with positive customer feedback [6] Market Data and Key Metrics - Federal market bookings grew nearly triple digits YoY in H1, while justice segment bookings also saw triple-digit growth YTD [16] - International markets, particularly Tier 1 markets like the UK, Canada, and Australia, showed strong demand for TASER and body cameras [34] - New and emerging markets contributed to 4 of the 10 largest deals in Q2, indicating continued diversification [16] Company Strategy and Industry Competition - The company is focusing on robotic security and generative AI, with the acquisition of Sky-Hero to enhance its indoor tactical drone capabilities [8] - Axon is leveraging large language models and generative AI to create advanced tools for law enforcement, building on its existing AI ecosystem [10] - The company aims to lead in bringing advanced AI with ethical controls to public safety, similar to its pioneering role in cloud software for public safety [12] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong customer reception to new products like TASER 10 and Axon Body 4, which are expected to drive growth in H2 [13] - The company is confident in its ability to deliver on increased guidance due to strong operational visibility and customer demand [26] - Long-term, the company sees significant growth potential in international markets, which could eventually dwarf the U.S. market [37] Other Important Information - The company promoted Brittany Bagley to COO and CFO, and Joshua Isner to President, reflecting a focus on operational excellence and strategic growth [6][7] - Axon continues to invest in automation and scale efficiencies to improve margins, particularly as new products like TASER 10 and Axon Body 4 ramp up [19] Q&A Session Summary Question: Cloud Business Growth Drivers - Cloud growth was driven by body cameras (50% of growth) and enterprise software licenses, with strong adoption of Evidence.com and other software products [22][23] - The company expects continued growth in cloud revenue, supported by recurring software business and new product launches [27] Question: Gross Margin Trends - Gross margin headwinds in 2023 are due to TASER 10 and Axon Body 4 ramp-up costs, but these are expected to benefit margins in 2024 [29][30] - Professional services for Fleet installations also impacted gross margins, but this is a one-time cost that will unlock long-term software revenue [31] Question: International Market Expansion - International markets, particularly Tier 1 markets, are showing strong demand for TASER and body cameras, with potential for OSP-like bundles in the future [34][93] - TASER 10 is seen as a game-changer in international markets, where it could become the primary defensive weapon for police [37] Question: TASER 10 Adoption and Margins - Customers are showing strong interest in upgrading to TASER 10, with early feedback indicating it could drive TASER growth over the next few years [66] - Manufacturing ramp-up for TASER 10 is ongoing, with automation investments expected to improve margins in 2024 [69] Question: Fleet 3 Demand and Supply Constraints - The company has largely caught up on Fleet 3 hardware supply constraints, with the bottleneck now shifting to installations [72] - Normalized demand for Fleet 3 is expected by year-end, with professional services and software revenue contributing to long-term growth [72] Question: Evidence.com and Cloud Services Growth - Growth in Evidence.com and cloud services is driven by both land-and-expand strategies with existing customers and new customer acquisitions [75] - The company is seeing strong demand for premium bundles, with Officer Safety Plan penetration increasing from less than 15% in Q3 2022 to less than 20% in Q2 2023 [77][89] Question: Axon Body 4 Customer Excitement - Customers are most excited about the 2-way voice feature in Axon Body 4, which enhances communication capabilities for dispatchers and officers [79] - The integration of POV functionality as an accessory, rather than a separate product, is also driving adoption [80]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-16391 | --- | --- | |----------------------------------------------------------------------------------------- ...

Axon Enterprise, Inc. (NASDAQ:AXON) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Andrea James - Chief Communications Officer Patrick Smith - Chief Executive Officer Josh Isner - Chief Operating Officer Brittany Bagley - Chief Financial Officer Jeff Kunins - Chief Product Officer and Chief Technology Officer Conference Call Participants Tim Long - Barclays Sami Badri - Credit Suisse Mike Ng - Goldman Sachs Josh Reilly - Needham Will Power - Baird Jonathan Ho - William Blair Je ...