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Axon Enterprise, Inc. - AXON STOCK NEWS

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.

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On January 18, 2022, Axon announced the launch of the TASER Bolt 2, a new personal safety device designed for consumer self-defense. The device features a 15-foot range, enhanced accuracy for low light, and can alert emergency dispatch upon discharge when paired with a companion app. It can immobilize attackers for up to 30 seconds and includes LASER targeting. The TASER Bolt 2 is priced at $449 and is available for preorder, with shipping set to start in Spring 2022. The launch aims to empower customers in personal safety.

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Axon (Nasdaq: AXON) has announced that the Dutch National Police (DNP) will equip its officers with TASER conducted energy devices (CEDs), enhancing public safety and officer de-escalation capabilities. Shipments of the TASER X2 began last year, with deployment planned throughout 2022. Axon has established a long-term partnership with Technisch Bureau H.A. Muller B.V. to support this initiative. The collaboration aims to improve safety for both law enforcement and the public in the Netherlands, positioning the DNP at the forefront of public safety technology.

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On December 15, 2021, Axon (Nasdaq: AXON) announced a significant partnership with PRIMECorp to implement its Axon Evidence digital evidence management platform across all police services in British Columbia. This modernization initiative aims to enhance the sharing and management of digital evidence among law enforcement and justice sector partners. Following a comprehensive two-year evaluation process, PRIMECorp selected Axon Evidence to improve operational efficiency and ensure the security of policing data, impacting over 9,500 police officers in the province.

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Axon, a leader in connected public safety technologies, launched Axon Attorney Premier on December 8, 2021. This digital evidence management system is tailored for prosecutors and defense attorneys to streamline the discovery process. With the increasing volume of digital evidence, the software enhances efficiency by allowing legal professionals to manage various forms of evidence, including audio, video, and documents in one secure location. Axon aims to optimize discovery workflows, ensuring attorneys spend less time on administrative tasks and more on case management.

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Axon reported a robust Q3 2021, achieving a 39% revenue increase to $232 million and a net income of $49 million, aided by a $51 million tax benefit. The company's annual recurring revenue surged 42% to $289 million, primarily from federal and international deployments. Significant strength in bookings was noted, with Q3 bookings reaching $488 million, up 54%. Axon has raised its total addressable market estimate from $27 billion to $52 billion, highlighting new growth opportunities in consumer safety and justice software.

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Axon (Nasdaq: AXON) has announced the rescheduling of its third quarter 2021 earnings release and conference call to November 15, 2021. This delay is due to the completion of various phases of its Enterprise Resource Planning (ERP) implementation. Axon will disclose its financial results after market close, followed by a live webinar with executives at 5 p.m. ET. This change aims to ensure a comprehensive reporting of the company's financial performance.

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Axon (Nasdaq: AXON) has announced the commercial availability of the Fotokite Sigma UAS, an autonomous drone with wireless livestreaming and evidence management, for public safety customers in the US and Canada. This drone integrates with Axon's platform, enabling real-time aerial situational awareness and effective decision-making without the need for a pilot's license. The Fotokite Sigma offers over 24 hours of flight time and is designed for various public safety applications. This partnership allows agencies to manage complex situations more effectively, enhancing community safety.

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Axon (Nasdaq: AXON) will report its third-quarter 2021 financial results on November 9, 2021. The announcement follows a live Zoom webinar at 5 p.m. ET, hosted by CEO Rick Smith, President Luke Larson, and CFO Jawad Ahsan. Participants are encouraged to visit Axon's investor relations website for the live event and archived replay. Additionally, Axon management will participate in several upcoming virtual conferences, enhancing stakeholder engagement and transparency in their financial performance.

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Axon (Nasdaq: AXON) has been selected by the Scottish Government to provide its digital evidence management solution, Axon Evidence, as part of a new initiative to enhance Digital Evidence Sharing Capability (DESC) for public safety in Scotland. This solution aims to connect various justice sector partners, allowing seamless management and sharing of digital evidence. Justice Secretary Keith Brown emphasized the initiative will reduce delays in the criminal justice process, enhancing the experience for victims and witnesses. The selection followed a competitive procurement process.

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FAQ

What is the current stock price of Axon Enterprise (AXON)?

The current stock price of Axon Enterprise (AXON) is $631.69 as of December 20, 2024.

What is the market cap of Axon Enterprise (AXON)?

The market cap of Axon Enterprise (AXON) is approximately 46.7B.

What does Axon Enterprise, Inc. do?

Axon develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software for law enforcement and other sectors.

What are the primary segments of Axon?

Axon operates in two segments: Taser, which includes conducted energy devices and virtual reality training, and Software & Sensors, which includes body cameras, evidence management, and cloud software.

Where are Axon’s products used?

Axon’s products are used by over 18,000 agencies globally, including law enforcement, military, corrections, and private security sectors.

What recent financial achievements has Axon reported?

Axon reported its seventh consecutive quarter of over 30% year-over-year revenue growth and significant gains in its Axon Cloud & Services segment.

What is Axon's moonshot goal?

Axon aims to reduce gun-related deaths between police and the public by 50% before 2033 through innovative technology and training.

What are some of Axon’s key products?

Key products include TASER energy devices, Axon Body cameras, Axon Fleet in-car cameras, and cloud-hosted digital evidence management solutions.

How is Axon contributing to disaster response?

Axon supports disaster response efforts through its Axon Aid initiative, which provides resources and support to first responders during emergencies.

What are some of Axon’s latest innovations?

Recent innovations include the TASER 10, enhanced virtual reality training capabilities, and the Axon Public Safety Gun Fatality Database.

How can I learn about career opportunities at Axon?

You can explore career opportunities at Axon by visiting their careers page at https://www.axon.com/company/careers.

Where can I find more information about Axon?

For more information, visit Axon's official website at https://www.axon.com.

Axon Enterprise, Inc.

Nasdaq:AXON

AXON Rankings

AXON Stock Data

46.71B
72.87M
4.72%
81.01%
3.38%
Aerospace & Defense
Ordnance & Accessories, (no Vehicles/guided Missiles)
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United States of America
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