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Axon Enterprise | 10-Q: Q3 2024 Earnings Report

Axon Enterprise | 10-Q: Q3 2024 Earnings Report

Axon Enterprise | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 10:32

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Axon Enterprise reported strong Q3 2024 financial results with revenue increasing 31.7% to $544.3 million, driven by growth across both TASER and Software segments. TASER segment revenue rose 36.4% to $221.7 million on higher TASER 10 device volumes, while Software and Sensors revenue grew 28.7% to $322.5 million on increased cloud services adoption.Gross margin decreased to 60.8% from 62.1% year-over-year, primarily due to higher stock-based compensation expense and amortization of acquired intangibles. Operating expenses increased by $107.4 million reflecting increased headcount and stock compensation costs. The company recorded net income of $67.0 million, which included a $44.0 million unrealized gain on marketable securities.Looking ahead, Axon reported approximately $7.7 billion in remaining performance obligations, with 15-25% expected to be recognized over the next 12 months. The company continues to invest in growth initiatives while maintaining strong liquidity with $695.1 million in cash and equivalents. Management remains focused on expanding its public safety technology ecosystem through organic development and strategic acquisitions.
Axon Enterprise reported strong Q3 2024 financial results with revenue increasing 31.7% to $544.3 million, driven by growth across both TASER and Software segments. TASER segment revenue rose 36.4% to $221.7 million on higher TASER 10 device volumes, while Software and Sensors revenue grew 28.7% to $322.5 million on increased cloud services adoption.Gross margin decreased to 60.8% from 62.1% year-over-year, primarily due to higher stock-based compensation expense and amortization of acquired intangibles. Operating expenses increased by $107.4 million reflecting increased headcount and stock compensation costs. The company recorded net income of $67.0 million, which included a $44.0 million unrealized gain on marketable securities.Looking ahead, Axon reported approximately $7.7 billion in remaining performance obligations, with 15-25% expected to be recognized over the next 12 months. The company continues to invest in growth initiatives while maintaining strong liquidity with $695.1 million in cash and equivalents. Management remains focused on expanding its public safety technology ecosystem through organic development and strategic acquisitions.
Axon Enterprise公佈了強勁的2024年第三季度財務業績,營業收入增長31.7%至54430萬美元,增長主要來自TASER和軟體部門。TASER部門營業收入增長36.4%,達到22170萬美元,受益於TASER 10設備銷量的增加,而軟體和傳感器的營業收入增長28.7%,達到32250萬美元,得益於雲服務採用率的提高。毛利率從去年的62.1%下降至60.8%,主要由於股票薪酬費用和收購無形資產的攤銷增加。營業費用增加了10740萬美元,反映了員工人數和股票薪酬成本的增加。公司錄得凈利潤6700萬美元,其中包括4400萬美元的可變現證券未實現收益。展望未來,Axon報告剩餘績效義務約爲77億,預計15-25%將在接下來的12個月內確認。公司繼續投資於增長計劃,同時保持強勁的流動性,現金及等價物達到69510萬美元。管理層仍專注於通過有機發展和戰略收購來擴展其公共安全科技生態系統。
Axon Enterprise公佈了強勁的2024年第三季度財務業績,營業收入增長31.7%至54430萬美元,增長主要來自TASER和軟體部門。TASER部門營業收入增長36.4%,達到22170萬美元,受益於TASER 10設備銷量的增加,而軟體和傳感器的營業收入增長28.7%,達到32250萬美元,得益於雲服務採用率的提高。毛利率從去年的62.1%下降至60.8%,主要由於股票薪酬費用和收購無形資產的攤銷增加。營業費用增加了10740萬美元,反映了員工人數和股票薪酬成本的增加。公司錄得凈利潤6700萬美元,其中包括4400萬美元的可變現證券未實現收益。展望未來,Axon報告剩餘績效義務約爲77億,預計15-25%將在接下來的12個月內確認。公司繼續投資於增長計劃,同時保持強勁的流動性,現金及等價物達到69510萬美元。管理層仍專注於通過有機發展和戰略收購來擴展其公共安全科技生態系統。
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