The company said revenue for the 3 months ended September 30, 2024 was $544.3 million, up $131.0 million (31.7%) from the prior-year period, and income from operations was $24.1 million, compared with $57.4 million a year earlier.

1. 01

   The company said revenue for the 3 months ended September 30, 2024 was $544.3 million, up $131.0 million (31.7%) from the prior-year period, and income from operations was $24.1 million, compared with $57.4 million a year earlier.

2. 02

   Axon Enterprise said gross margin for the 3 months fell to 60.8% from 62.1%. It cited higher stock-based compensation expense and related payroll taxes, as well as amortization of acquired intangibles, as the main factors. It said that, excluding these items, gross margin rose to 63.2% from 62.7%.

3. 03

   The company said net income for the 3 months was $67.0 million ($61.3 million in the prior-year period), and that this figure included a noncash unrealized gain of $44.0 million on marketable securities.

4. 04

   The company said net cash provided by operating activities for the 9 months ended September 30, 2024 was $158.1 million, compared with $49.2 million a year earlier. It said net income of $241.9 million and stock-based compensation of $251.7 million were included as noncash items.

Key figures

Quarter ended September 30, 2024

Revenue

$544M

Operating income

$24M

Net income

$67M

EPS

$0.86

Gross profit

$331M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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