Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, TASER, and Software and Sensors. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Its products include TASER 7, TASER X26P, TASER X2, TASER Consumer devices, and related cartridges; on-officer body cameras, Axon Fleet in-car systems, and other devices; Axon Evidence digital evidence management software; Axon Signal enabled devices, as well as hardware extended warranties; and Axon docks, cartridges, and batteries. It sells its products through its direct sales force, distribution partners, online store, and third-party resellers. Axon Enterprise, Inc. has a strategic partnership with Fusus, Inc. to expand the capabilities of Axon Respond and the Fusus Real Time Crime Center in the Cloud solution to provide agencies real-time operations situational awareness, including streamlined investigative workflows. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.

Axon Enterprise, Inc.

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	2,558	2,082.5	1,560.7	1,187.1	863.4	681	530.9	420.1	343.8	268.2	197.9
Total Revenues %Chg	32%	33.4%	31.5%	37.5%	26.8%	28.3%	26.4%	22.2%	28.2%	35.6%	20.3%
Net Sales from Products
Net Sales from Services
Cost of Sales	1,015.3	841.1	605.2	461	322.5	264.7	223.6	161.5	136.7	97.7	69.2
Cost of Product Sales
Cost of Service Sales
Direct Manufacturing Expense
Indirect Manufacturing Expense
Gross Profit	1,542.7	1,241.4	955.5	726.1	540.9	416.3	307.3	258.6	207.1	170.5	128.6
Gross Profit Margin	60.3%	59.6%	61.2%	61.2%	62.7%	61.1%	57.9%	61.6%	60.2%	63.6%	65%
Selling, General & Administrative Expenses	945.5	741.2	494.9	399.3	515	307.3	213	156.9	138.7	108.1	69.7
Selling, General and Administrative
Research & Development Expenses	624.8	441.6	303.7	233.8	194	123.2	100.7	76.9	55.4	30.6	23.6
Research and Development
Other Operating Expenses	—	—	—	—	—	—	—	—	—	—	—
Litigation Judgments
Loss on Impairment
Loss on Write Down / Disposal of Property and Equipment, Net
Operating Profit	-27.7	58.5	156.9	93	-168.1	-14.2	-6.4	24.8	13	31.9	35.3
Income from Operations
Operating Margin	-1.1%	2.8%	10%	7.8%	-19.5%	-2.1%	-1.2%	5.9%	3.8%	11.9%	17.9%
Interest and Investment Income	—	36.6	42.1	4.3	1.5	—	—	—	—	—	—
Interest Income, Net
Non-Operating Income	199.6	286.4	-41.9	99	25.3	7.9	8.5	3.3	2.7	-0.4	0
Other Income, Net
Interest and Other Income, Net
Total Non-Operating Income	199.6	323	0.2	103.3	26.7	7.9	8.5	3.3	2.7	-0.4	0
Income Before Provision for Income Taxes	169.8	381.5	157.1	196.2	-141.4	-6.3	2.1	28.1	15.8	31.5	35.4
Income Before Provision for Income Taxes
Provision for Income Taxes	-87.3	4.5	-18.7	49.3	-81.4	-4.6	1.2	-1.1	10.6	14.2	15.4
Provision for Income Taxes
Consolidated Net Income	257.1	377	175.8	146.9	-60	-1.7	0.9	29.2	5.2	17.3	19.9
Net Income Attributable to Common Shareholders	257.1	377	175.8	146.9	-60	-1.7	0.9	29.2	5.2	17.3	19.9
Basic EPS	3.3	5	2.4	2.1	-0.9	-0	0	0.5	0.1	0.3	0.4
Diluted EPS	3.2	4.8	2.3	2	-0.9	-0	0	0.5	0.1	0.3	0.4
Basic Weighted Average Shares Outstanding	77.4	75.7	74.2	71.1	66.2	61.8	59.2	56.4	52.7	52.7	53.5
Total Shares Outstanding	78.9	76.6	75.3	71.5	70.9	63.8	59.5	58.8	53	52.3	53.7
Diluted Weighted Average Shares Outstanding	80.8	78.6	75.5	72.5	66.2	61.8	60	57.9	53.9	53.5	54.6
EBITDA	46.2	107	176.2	116.1	-147.4	-1.7	5	35.5	21.1	35.5	38.6
Effective Tax Rate	-51.4%	1.2%	-11.9%	25.1%	57.5%	72.6%	57.4%	-3.9%	67%	45.1%	43.6%