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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财年三季报
美股SEC公告 ·  2024/11/09 02:32

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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公布了强劲的2024年第三季度财务业绩,营业收入增长31.7%至54430万美元,增长主要来自TASER和软件部门。TASER部门营业收入增长36.4%,达到22170万美元,受益于TASER 10设备销量的增加,而软件和传感器的营业收入增长28.7%,达到32250万美元,得益于云服务采用率的提高。毛利率从去年的62.1%下降至60.8%,主要由于股票薪酬费用和收购无形资产的摊销增加。营业费用增加了10740万美元,反映了员工人数和股票薪酬成本的增加。公司录得净利润6700万美元,其中包括4400万美元的可变现证券未实现收益。展望未来,Axon报告剩余绩效义务约为77亿,预计15-25%将在接下来的12个月内确认。公司继续投资于增长计划,同时保持强劲的流动性,现金及等价物达到69510万美元。管理层仍专注于通过有机发展和战略收购来扩展其公共安全科技生态系统。
Axon Enterprise公布了强劲的2024年第三季度财务业绩,营业收入增长31.7%至54430万美元,增长主要来自TASER和软件部门。TASER部门营业收入增长36.4%,达到22170万美元,受益于TASER 10设备销量的增加,而软件和传感器的营业收入增长28.7%,达到32250万美元,得益于云服务采用率的提高。毛利率从去年的62.1%下降至60.8%,主要由于股票薪酬费用和收购无形资产的摊销增加。营业费用增加了10740万美元,反映了员工人数和股票薪酬成本的增加。公司录得净利润6700万美元,其中包括4400万美元的可变现证券未实现收益。展望未来,Axon报告剩余绩效义务约为77亿,预计15-25%将在接下来的12个月内确认。公司继续投资于增长计划,同时保持强劲的流动性,现金及等价物达到69510万美元。管理层仍专注于通过有机发展和战略收购来扩展其公共安全科技生态系统。
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