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Axon Enterprise, Inc. (symbol: AXON) is a leading innovator in public safety technology, founded in 1993. The company, formerly known as TASER International, revolutionized less-lethal weaponry with its conducted electrical weapons (CEWs), providing a safer alternative for law enforcement. Today, Axon's suite of connected products, including body cameras and evidence management solutions, is used by over 18,000 agencies worldwide, promoting transparency and efficiency.
Axon operates in two primary segments: Taser and Software & Sensors. The Taser segment develops and sells conducted energy devices and virtual reality training solutions. The Software & Sensors segment produces integrated hardware and cloud-based software, such as body cameras, automated license plate readers, and digital evidence management systems. Axon's products enhance modern policing through innovative solutions, such as Axon Body 4 cameras and TASER 10 devices, which improve safety and operational efficiency.
In recent news, Axon announced third-quarter 2023 financial results, showing a seventh consecutive quarter of over 30% year-over-year revenue growth. The company also reported significant gains in its Axon Cloud & Services segment, which grew by 55% year-over-year. Axon’s international revenue increased by 52%, driven by new customer acquisitions and expanded cloud and software offerings.
Axon is committed to its moonshot goal of reducing gun-related deaths between police and the public by 50% before 2033. The company’s recent initiatives include the launch of the TASER 10, enhanced virtual reality training capabilities, and the introduction of a comprehensive public safety gun fatality database. Axon also supports disaster response efforts and participates in major industry conferences, further establishing its leadership in public safety technology.
For career opportunities, visit https://www.axon.com/company/careers. For more information about the company, visit www.axon.com.
Axon (NASDAQ: AXON) is set to report its first quarter 2023 financial results on May 9, 2023, following market closure. A live video webinar discussing the results will be held at 5 p.m. ET on the same day, accessible through Axon's investor relations website. Additionally, Axon management will participate in several upcoming conferences, including the Needham Technology & Media Conference on May 18, JP Morgan 51st Annual Global Technology Conference on May 23, and Baird 2023 Consumer, Technology & Services Conference on June 7. Axon's commitment to cutting gun-related deaths by 50% before 2033 highlights its role in public safety technology.
Axon Enterprise secured a unanimous 9-0 decision from the U.S. Supreme Court, allowing its constitutional challenges against the Federal Trade Commission (FTC) to proceed in federal court. This landmark ruling, issued on April 17, 2023, affirms the right to challenge the FTC’s structure and operations, which Axon claims are biased and unconstitutional. Axon has pursued this case since January 2020, arguing that the FTC combines investigatory, prosecutorial, and adjudicatory functions, which can lead to irreparable harm. The ruling is viewed as a win for due process and equal protection under the law, enabling Axon to continue its legal fight against perceived unconstitutional actions by the FTC, thereby reinforcing foundational rights for all citizens.
Axon has unveiled the Axon Body 4, its next-generation body-worn camera focused on enhancing public safety. Key features include:
- Bi-Directional Communication: Facilitates real-time interaction between officers and support teams via livestream.
- Expanded POV Options: Connects additional POV camera modules for diverse perspectives.
- Enhanced Image Quality: Improved sharper images, visibility, and a larger field of view.
- Streamlined Operations: Enhances management of body camera programs for agencies.
With a runtime exceeding 13 hours and quick-charging capabilities, Axon Body 4 is positioned as a vital tool for realtime situational awareness. The camera aims to meet the needs of law enforcement and is currently in trials, with purchasing expected to begin in late 2023.
Axon, a leader in public safety technology, will honor recipients of the 2023 RISE Awards and the Jack Cover Save of the Year Award at the upcoming Axon Accelerate conference from April 11-14 in Phoenix. The RISE Awards celebrate first responders who have shown exceptional bravery and lifesaving actions. This year’s awardees include Trooper Toni Shuck and Deputy William Puzynski, among others. Chief Sean Perry will receive the Jack Cover Award for his use of a TASER to save an individual in crisis. Each recipient will be awarded cash and a TASER device, with expenses covered for the conference. Axon's commitment to recognizing heroes in public safety helps foster community trust and showcases advancements in safety technology.
Axon has announced the appointment of three new members to its board of directors: Erika Ayers, CEO of Barstool Sports; Graham Smith, former Salesforce executive; and Jeri Williams, former Phoenix Police Chief. These appointments aim to enhance Axon's leadership as it strives to reduce gun-related deaths between police and the public by 50% within the next decade. Ayers, who has a strong background in digital media, will start on June 1, 2023, while Smith and Williams will join effective March 16, 2023. With this addition, Axon strengthens its board to nine independent directors.
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