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. (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) announced the addition of new members to its Community Advisory Coalition (CAC), emphasizing its commitment to diversity, equity, and inclusion in public safety technologies. The CAC, formed in 2021, aims to integrate community feedback into product development. Key members include community leaders and advocates like Dr. Desmond Patton and Bertha Purnell. Axon stresses that the coalition will enhance relationships between public safety and communities, ensuring a focus on justice and equity in technological advances.
On April 6, 2022, Axon (Nasdaq: AXON) announced its acquisition of Foundry 45, a virtual reality training studio aimed at enhancing public safety training. The acquisition closed on April 5, 2022, and will integrate Foundry 45 into Axon's VR division. Founded in 2015, Foundry 45 has partnered with Fortune 100 companies to develop innovative training modules. This acquisition is expected to enhance Axon's training capabilities, making them more accessible and effective for public safety professionals, while opening new growth markets globally.
São Paulo State Military Police (PMESP) is set to enhance its public safety measures by deploying an additional 7,000 Axon Body 3 cameras. This expansion follows a significant 85% drop in police intervention deaths, according to a recent study. PMESP will also utilize Axon Respond, improving real-time situational awareness for law enforcement. The agency initially equipped 2,500 officers with Axon technology in June 2021, demonstrating its commitment to leveraging advanced technology for community safety.
Axon (Nasdaq: AXON) announces that Fresno Police Department has implemented its Axon Dispatch, a cloud-based computer-aided dispatch (CAD) system. This innovative platform aims to enhance the efficiency of 9-1-1 call handling, managing nearly one million calls annually. Key features include real-time notifications, modern mapping, and a user-friendly interface. Officials emphasize the importance of advanced technology for effective police response. Axon aims to improve situational awareness and resource allocation in public safety through this partnership.
Axon has announced the deployment of 200 Axon Body 3 cameras by the Maldives Police Service (MPS) to enhance public safety and accountability. This initiative incorporates Axon's real-time situational awareness software, Axon Respond, enabling supervisors to access live streaming and location mapping. MPS Commissioner Mohamed Hameed emphasized the importance of this technology in policing, which aims to improve evidence collection and officer safety. Axon's partnership with MPS represents a critical step in advancing public safety technology in the region.
Axon reported a 27% revenue increase to $863 million in 2021, with a net loss of $60 million impacted by stock-based compensation. Adjusted EBITDA reached $178 million, showcasing a 20.6% margin. The company tripled its annual recurring revenue to $327 million, supported by record bookings of $1.7 billion, up 54% year-over-year. Notable product launches include Attorney Premier and TASER Bolt 2. Despite a 4% revenue decline in Q4 due to supply chain issues, Axon remains optimistic with a target of 20% CAGR. The firm also expanded globally and made strategic acquisitions in the forensic video and drone detection markets.
STORE Capital Corporation (NYSE: STOR) announced the addition of David Edwards, Ph.D., and Jawad Ahsan as new members of its Board of Directors, effective February 17, 2022. This expands the board to nine directors, with eight being independent. David brings expertise in data-driven optimization and risk management, while Jawad's strong finance background enhances the board's capabilities. The company also noted the retirement of board member Einar Seadler, who has served for six years. The addition of these members aims to bolster STORE's governance and strategic direction.
Axon, a leader in connected public safety technologies, announced it will release its fourth quarter 2021 financial results after market close on February 24, 2022. A live webinar will occur at 5 p.m. ET the same day, featuring CEO Rick Smith and other executives, to discuss financial performance. Axon also plans to participate in the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2022. More than 262,000 lives have been positively impacted by Axon's technologies. Archived recordings of the events will be available on their investor relations website.
Axon, the leader in public safety technologies, has opened its first European R&D office in London as part of its global expansion strategy. The company has appointed Ran Mokady as site lead and Senior Vice President of Real-Time Operations. Mokady brings over 30 years of experience from companies like Microsoft and Amazon. The London hub aims to attract engineers to enhance Axon's mission of creating innovative safety technologies. This expansion marks Axon's fourth R&D facility, complementing its existing offices in Seattle, Ho Chi Minh City, and Scottsdale.
On January 31, 2022, Axon (NASDAQ: AXON) announced the retirement of Dr. Richard Carmona from its board after 15 years. He will guide important governance changes until the spring 2022 shareholder meeting. The company held an ESG roadshow from October 2021 to January 2022, receiving feedback from institutions representing 30% of shares. As a result, Axon plans to recommend declassifying the board for annual elections, implementing a majority voting standard, granting proxy access to shareholders, and reducing the threshold for calling special meetings to 25% of shares outstanding.
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