Latest news with #TASER
Yahoo
05-08-2025
- Business
- Yahoo
Why Axon Enterprise Stock Soared Today
Key Points Axon continues to see strong growth across its business. The company is benefiting from investments in new technologies like generative AI. Its competitive advantages in law enforcement tech are getting stronger. 10 stocks we like better than Axon Enterprise › Shares of Axon Enterprise (NASDAQ: AXON) were surging today after the law enforcement technology company posted strong results in its second-quarter earnings report, easily beating estimates on the top and bottom lines. The company also raised its guidance for the full year. As of 10:26 a.m. ET, the stock is up 18.5% on the news. Axon zooms past expectations Revenue in the quarter jumped 33% to $668.6 million, well ahead of expectations at $641 million. Growth was balanced across its two business segments: Software and services revenue was up 38.8% to $292.2 million, while connected devices, which includes its TASER electrical weapons and Axon body and dashboard cameras, was up 28.6% to $376.4 million. Annual recurring revenue also rose 39% to $1.2 billion, a sign of strength in the software business. Axon is also gaining traction with its new generative artificial intelligence (AI) features, including Draft One, a tool that creates first drafts of police reports automatically based on camera footage, and these features are saving its customers many hours of desk work each week. Bottom-line results were solid as well: Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 37% to $172 million, and adjusted earnings per share jumped from $1.22 to $2.12, though that included a boost from a $75 million tax benefit. That's up from the consensus at $1.46 a share. What's next for Axon The TASER maker also raised its guidance for the year, calling for revenue of $2.65 billion to $2.73 billion, up from a previous forecast of $2.6 billion to $2.7 billion. It also raised its adjusted EBITDA target from $650 million-$675 million to $665 million-$685 million. Axon has established itself as the dominant provider of technology for law enforcement, and it continues to push its competitive advantage with investments in new technologies like AI. While the stock is expensive, the future looks bright for Axon. Should you invest $1,000 in Axon Enterprise right now? Before you buy stock in Axon Enterprise, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Axon Enterprise wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $631,505!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,103,313!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Jeremy Bowman has positions in Axon Enterprise. The Motley Fool has positions in and recommends Axon Enterprise. The Motley Fool has a disclosure policy. Why Axon Enterprise Stock Soared Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
05-08-2025
- Business
- CNBC
Axon jumps 14% after TASER maker tops results and boosts outlook on security needs
Axon Enterprise's stock popped 14% after the TASER maker surpassed Wall Street's estimates and boosted its guidance due to robust demand for its security solutions. "Demand for new technology from our customers is accelerating, and it's outpacing even my most optimistic expectations," said CEO Rick Smith on an earnings call with analysts. "There's now one breakout product driving conversations. It's everything." The security solutions company also hiked guidance for the year, saying it now expects revenues of $2.65 billion to $2.73 billion. That's up from prior revenue guidance of $2.60 billion to $2.70 billion. Revenues for the period jumped 33% from a year ago to about $668.5 million and topped an LSEG estimate of $631.6 million. The security solutions company posted adjusted earnings of $2.12 per share, ahead of the $1.46 expected per share. Axon said it has seen increased demand for its bodycams, drones and counter-drone technology due to emerging security and drone threats and experienced growth across segments. The company's TASER unit grew 19% from about $181 million to $216 million, while software and services jumped about 39%. Revenues for personal sensors and platforms solutions reached $93 million and $67 million, respectively. More than 30% of bookings came from new products, Axon said.
Yahoo
05-08-2025
- Business
- Yahoo
Axon Enterprise Inc (AXON) Q2 2025 Earnings Call Highlights: Record Revenue Growth and Raised ...
Revenue: $669 million, increased 33% year-over-year. Software and Services Revenue: $292 million, grew 39% year-over-year. Connected Devices Revenue: $376 million, increased 29% year-over-year. TASER Revenue: Grew 19%, driven by TASER 10. Personal Sensors Revenue: Grew 24%, driven by Axon Body 4. Platform Solutions Revenue: Grew 86%, driven by counter-drone and virtual reality. Net Revenue Retention: Increased to 124%. Adjusted Gross Margin: 63.3%, up 20 basis points year-over-year. Adjusted EBITDA Margin: 25.7%. 2025 Revenue Guidance: Raised to $2.65 billion to $2.73 billion, approximately 29% annual growth at the midpoint. Adjusted EBITDA Guidance: Raised to $665 million to $685 million. Warning! GuruFocus has detected 8 Warning Sign with AXON. Release Date: August 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Axon Enterprise Inc (NASDAQ:AXON) reported a 33% year-over-year increase in second-quarter revenue, marking its 14th consecutive quarter of over 25% revenue growth. The company experienced strong growth in its Software and Services segment, which grew 39% year-over-year to $292 million. Axon Enterprise Inc (NASDAQ:AXON) raised its 2025 revenue guidance to a range of $2.65 billion to $2.73 billion, reflecting approximately 29% annual growth at the midpoint. The company closed almost $150 million of bookings for its AI Era Plan in Q2 alone, with over 30% of bookings this quarter coming from new product categories. Axon Enterprise Inc (NASDAQ:AXON) achieved its largest deal in company history with a major city police department, encompassing a wide range of products from drones to AI solutions. Negative Points Despite strong growth, the company faces challenges with tariffs, which are expected to impact financials more in the second half of the year. The deployment of enterprise solutions is complex and presents challenges, as it involves aggregating large amounts of video data. The company anticipates lumpiness in its Platform Solutions segment due to the nature of large deals, particularly in counter-drone technology. Axon Enterprise Inc (NASDAQ:AXON) is still in the early stages of monetizing its drone technology, with current revenue primarily coming from software rather than hardware. The company acknowledges the need for continued investment in R&D and sales to maintain its growth trajectory, which could impact short-term profitability. Q & A Highlights Q: Can you discuss the enterprise addressable market and which products are gaining traction? A: Enterprise is performing well with interest across a broad range of products, including Body Cams, Fusus, and drones. The full suite of products is gaining traction, and the largest deal in company history was booked this quarter, driven by strong execution from the product and sales teams. - Josh Isner, President Q: Could you elaborate on the $150 million of bookings from the AI Era Plan in Q2? A: The AI Era Plan is accelerating, with significant demand for Draft One and other AI products like AI Assistant and real-time translator. The plan is well-received due to the time savings and practical applications it offers to customers. - Josh Isner, President Q: What underpinned the success of Platform Solutions, particularly in counter-drone technology? A: The success is driven by increased awareness of drone threats, as seen in global conflicts. Our acquisition of Dedrone positions us as a market leader in counter-drone solutions, with growing demand across various sectors. - Patrick Smith, CEO Q: What is driving the high 30% bookings growth guidance, and how does the pipeline look? A: The growth is driven by selling new products to existing customers and expanding into new markets like international and enterprise. The diversified product portfolio and strong pipeline give us confidence in achieving the growth target. - Josh Isner, President Q: How are AI bookings progressing, and what lessons have been learned in overcoming hurdles? A: AI bookings are progressing well, with hands-on product trials proving effective in demonstrating value. Products like Draft One and AI Assist are helping officers spend more time in the field, and the focus remains on practical applications that enhance public safety. - Josh Isner, President For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
The Star
05-08-2025
- Business
- The Star
Axon raises annual revenue forecast on strong security demand
The headquarters for Axon Enterprise Inc, formerly Taser International, is seen in Scottsdale, Aizona, U.S., May 17, 2017. REUTERS/Ricardo Arduengo/File Photo (Reuters) -TASER maker Axon Enterprise raised its full-year revenue forecast on Monday, betting on continued demand for its software products and security devices. Shares of Axon were up 3.5% in aftermarket trading. The Arizona-based company — known for its law enforcement technology, including TASER energy weapons, body-worn cameras, and digital evidence management systems — has benefited from rising corporate spending on executive security and increased federal investment in immigration enforcement. Axon now expects 2025 revenue to be between $2.65 billion and $2.73 billion, up from its earlier forecast of $2.60 billion to $2.70 billion. Analysts on average expect $2.66 billion, according to data compiled by LSEG. For the quarter ended June 30, Axon reported adjusted earnings of $2.12 per share, well above analysts' average estimate of $1.46. Quarterly revenue came in at $668.54 million, compared with expectations of $631.56 million. (Reporting by Aatreyee Dasgupta and Anshuman Tripathy in Bengaluru; Editing by Tasim Zahid)
Yahoo
04-08-2025
- Business
- Yahoo
Axon raises annual revenue forecast on strong security demand
(Reuters) -TASER maker Axon Enterprise raised its full-year revenue forecast on Monday, betting on continued demand for its software products and security devices. Shares of Axon were up 3.5% in aftermarket trading. The Arizona-based company — known for its law enforcement technology, including TASER energy weapons, body-worn cameras, and digital evidence management systems — has benefited from rising corporate spending on executive security and increased federal investment in immigration enforcement. Axon now expects 2025 revenue to be between $2.65 billion and $2.73 billion, up from its earlier forecast of $2.60 billion to $2.70 billion. Analysts on average expect $2.66 billion, according to data compiled by LSEG. For the quarter ended June 30, Axon reported adjusted earnings of $2.12 per share, well above analysts' average estimate of $1.46. Quarterly revenue came in at $668.54 million, compared with expectations of $631.56 million. Sign in to access your portfolio
