Axon Enterprise Inc

AXON

Equity

ISIN US05464C1018 / Valor 36372319

NASDAQ (2024-09-18)

USD 383.01+0.12%

Axon Enterprise Inc
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About company

Axon Enterprise Inc is a company that focuses on ensuring accountability and integrity in its supply chain by partnering with experts to eradicate forced labor. The company works to assess and remediate any forced labor indicators found in supplier production facilities, with a commitment to providing meaningful remedy to impacted workers. Axon also maintains an Integrity Hotline for reporting concerns about unfair or unethical practices. Additionally, the company verifies its product supply chains by requiring production facilities to complete human rights and compliance questionnaires and undergo unannounced compliance audits. Overall, Axon prioritizes ethical sourcing practices and works to ensure compliance with its standards and applicable laws.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Axon Enterprise Inc. reported a significant increase in revenue for the second quarter of 2024. The company's revenue grew by 47% to reach $195 million, showcasing strong performance in its core business areas.

Annual Recurring Revenue

In the second quarter of 2024, Axon Enterprise Inc. achieved an annual recurring revenue growth of 44%, bringing the total to $850 million. This highlights the company's success in securing long-term contracts and consistent revenue streams.

Net Income

Axon Enterprise Inc. reported a net income of $41 million for the second quarter of 2024. This positive financial result underscores the company's profitability and effective cost management strategies.

Non-GAAP Net Income

For the second quarter of 2024, Axon Enterprise Inc. reported a non-GAAP net income of $93 million. This adjusted figure provides a clearer picture of the company's operational performance, excluding one-time expenses and other non-recurring items.

Adjusted EBITDA

Axon Enterprise Inc. reported an Adjusted EBITDA for the second quarter of 2024, reflecting the company's strong earnings before interest, taxes, depreciation, and amortization. This metric is crucial for assessing the company's financial health and operational efficiency.

Summarized from source with an LLMView Source

Key figures

84.0%1Y

122%3Y

485%5Y

Performance

33.2%1Y

42.7%3Y

48.9%5Y

Volatility