Welcome to our dedicated page for Axon Enterprise news (Ticker: AXON), a resource for investors and traders seeking the latest updates and insights on Axon Enterprise stock.
Axon Enterprise, Inc. (NASDAQ: AXON) is a public safety technology company whose news flow centers on product innovation, financial performance, emergency communications and AI-driven capabilities. On this page, readers can follow news about Axon’s efforts to build a connected public safety operating system that links TASER energy devices, cameras and sensors, vehicle intelligence, drones and robotics, digital evidence management and real-time operations software.
Company announcements frequently highlight new hardware and software launches, such as body-worn cameras for law enforcement and enterprise users, fixed and mobile automatic license plate recognition cameras, and AI voice companions embedded in devices. Axon also issues news on acquisitions and strategic agreements, including definitive agreements to acquire emergency communications platforms like Prepared and Carbyne, which are intended to strengthen its ecosystem from the initial 911 call through case closure.
Investors and analysts will find regular updates on quarterly results, segment performance across Connected Devices and Software & Services, annual recurring revenue trends and changes to financial outlooks. Axon’s releases also discuss its approach to responsible innovation, including its Ethics & Equity Advisory Council and Responsible Innovation Framework, as well as surveys and feedback from public safety professionals on the use of AI tools.
For anyone tracking developments in law enforcement technology, emergency communications, enterprise security and AI in public safety, Axon’s news provides insight into how the company is expanding its product roadmap, partner ecosystem and public-private safety network. Bookmark this page to monitor the latest press releases, earnings announcements, product introductions and strategic updates related to AXON.
Repairify, a global leader in automotive repair technologies, has announced two key additions to its leadership team at asTech®. Mike Gugino joins as Chief Revenue Officer, bringing experience from Axon (NASDAQ: AXON), investment banking, and military service. Kennedy Taylor takes the role of Senior Vice President of Marketing, with over a decade of marketing expertise.
Gugino's background includes managing global sales and operations at Axon, investment banking roles at Evercore Partners and J.P. Morgan, and military service as an Army Airborne Ranger. Taylor is known for her skills in brand development, digital marketing, and successful product launches. She has been a keynote speaker for Google on marketing trends.
Craig Edmonds, asTech's president, expressed confidence that these appointments will drive growth, expand market presence, and enhance the company's brand and outreach in providing cutting-edge diagnostic and calibration solutions.
Axon reported Q2 2024 revenue of $504 million, a 35% year-over-year increase, and raised its full-year revenue outlook to $2.00-$2.05 billion.
Net income was $41 million, supporting non-GAAP net income of $93 million and Adjusted EBITDA of $123 million. Axon Cloud & Services revenue surged 47% to $195 million, while annual recurring revenue grew 44% to $850 million. The company achieved a net income margin of 8.1% and an Adjusted EBITDA margin of 24.5%.
Key growth drivers included Axon Evidence, AI-driven products like Draft One, and strong sales of TASER 10 and Axon Body 4 cameras. Despite increased stock-based compensation expenses, Axon maintained a positive outlook, projecting 29.5% annual revenue growth.
Operating cash flow increased to $83 million, supporting free cash flow of $71 million. Axon had $969 million in cash and equivalents as of June 30, 2024.
Axon (Nasdaq: AXON), a leader in public safety technology, has announced its schedule for releasing second quarter 2024 financial results. The company will report its earnings after market close on Tuesday, August 6, 2024, followed by a live Zoom video webinar at 5 p.m. ET to discuss the results and conduct a Q&A session.
Investors can access the webinar link and an archived replay from Axon's investor relations website. Additionally, Axon has confirmed its participation in three upcoming conferences:
- Northcoast Research Summer Management Forum on August 7
- Jefferies Semiconductor IT Hardware & Communications Technology Summit on August 28
- Goldman Sachs 2024 Communacopia + Technology Conference on September 11
These events, if applicable, will be webcast live and archived on Axon's investor relations website.
Axon (Nasdaq: AXON), a leader in public safety technology, announced that the U.S. Marshals Service (USMS) has deployed TASER 10, their latest less-lethal energy weapon. The new TASER can deploy 10 individually targeted probes at distances of up to 45 feet, enhancing safety and decision-making capabilities. Additionally, the USMS will pilot Axon's VR Training solution, which offers immersive, cost-effective training for real-world scenarios. This initiative aims to improve the performance and safety of Deputy U.S. Marshals engaged in fugitive apprehension, judiciary security, and witness protection. The TASER 10's integration with Axon's body-worn cameras will provide automatic activation and enhance situational awareness and accountability.
Axon and Skydio have partnered to launch an end-to-end drone solution for public safety, including a scalable 'Drone as First Responder' (DFR) system. The DFR allows drones to be dispatched to emergency calls, arriving before ground units to provide real-time situational awareness. This collaboration aims to improve incident response times, enhance safety, and optimize resource allocation. The offering includes Skydio’s autonomous drones, docking stations, and integrated flight control software, along with Axon’s real-time operations, crime center capabilities, and evidence management tools. This integrated solution promises to make DFR a reality for public safety agencies across the U.S., enhancing community safety and operational efficiency.
Axon, a global public safety technology leader, announced the acquisition of Dedrone, a leader in airspace security, to enhance drone solutions for public safety and national security. The acquisition aims to revolutionize public safety, improve response to critical incidents, and strengthen customer communities. Dedrone's innovative technologies will complement Axon's offerings, creating a more advanced end-to-end drone solution.
Axon reported a strong Q1 2024 with revenue of $461 million, a 34% YoY increase, supporting an optimistic FY 2024 outlook. Cloud & Services revenue grew 52% to $176 million, with net income of $133 million. Axon raised full-year revenue outlook to $1.94-$1.99 billion, showcasing steady growth and profitability. Significant product innovations like Draft One and VR training modules were highlighted, emphasizing AI-driven solutions to enhance officer productivity and training efficiency.
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