Axon said revenue for Q3 2024 rose 32% year over year to $544 million, with the quarter ended September 30. TASER segment revenue was $222 million, Axon Cloud & Services revenue was $203 million, and Sensors & Other revenue was $120 million.

1. 01

   Axon said revenue for Q3 2024 rose 32% year over year to $544 million, with the quarter ended September 30. TASER segment revenue was $222 million, Axon Cloud & Services revenue was $203 million, and Sensors & Other revenue was $120 million.

2. 02

   The company said net income for Q3 was $67 million (net income margin of 12.3%), or $0.86 per diluted share. It said operating profit fell from $57 million a year earlier to $24 million, and cited higher stock-based compensation expense as the reason.

3. 03

   Axon said operating cash flow for Q3 was $91 million, up 45% year over year, and free cash flow was $65 million. As of September 30, 2024, cash, cash equivalents and investments totaled $1.01 billion, convertible notes principal was $690 million, and net cash was $317 million.

4. 04

   The company raised its full-year 2024 revenue outlook to approximately $2.07 billion, up from the prior range of $2.00 billion to $2.05 billion. Full-year Adjusted EBITDA is expected at approximately $510 million (margin of approximately 24.6%), raised from the prior range of $460 million to $475 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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