AXON ENTERPRISE, INC. SEGMENT REPORTING (in thousands) |
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| THREE MONTHS ENDED |
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| THREE MONTHS ENDED |
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| THREE MONTHS ENDED |
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| 31 MAR 2024 |
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| 31 DEC 2023 |
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| 31 MAR 2023 |
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| Software |
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| Software |
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| Software |
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| and |
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| and |
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| and |
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| TASER |
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| Sensors |
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| Total |
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| TASER |
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| Sensors |
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| Total |
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| TASER |
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| Sensors |
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| Total |
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| Net sales from products (1) |
| $ | 166,527 |
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| $ | 105,521 |
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| $ | 272,048 |
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| $ | 151,238 |
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| $ | 107,167 |
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| $ | 258,405 |
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| $ | 127,081 |
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| $ | 92,308 |
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| $ | 219,389 |
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| Net sales from services (2) |
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| 12,221 |
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| 176,467 |
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| 188,688 |
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| 10,105 |
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| 163,632 |
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| 173,737 |
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| 7,201 |
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| 116,453 |
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| 123,654 |
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| Net sales |
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| 178,748 |
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| 281,988 |
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| 460,736 |
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| 161,343 |
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| 270,799 |
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| 432,142 |
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| 134,282 |
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| 208,761 |
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| 343,043 |
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| Cost of product sales |
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| 86,984 |
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| 64,714 |
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| 151,698 |
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| 68,067 |
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| 57,597 |
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| 125,664 |
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| 50,583 |
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| 57,001 |
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| 107,584 |
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| Cost of service sales |
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| 1,074 |
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| 47,918 |
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| 48,992 |
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| 1,096 |
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| 41,495 |
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| 42,591 |
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| 180 |
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| 31,177 |
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| 31,357 |
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| Cost of sales |
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| 88,058 |
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| 112,632 |
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| 200,690 |
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| 69,163 |
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| 99,092 |
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| 168,255 |
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| 50,763 |
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| 88,178 |
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| 138,941 |
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| Gross margin |
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| 90,690 |
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| 169,356 |
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| 260,046 |
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| 92,180 |
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| 171,707 |
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| 263,887 |
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| 83,519 |
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| 120,583 |
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| 204,102 |
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| Gross margin % |
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| 50.7 | % |
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| 60.1 | % |
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| 56.4 | % |
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| 57.1 | % |
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| 63.4 | % |
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| 61.1 | % |
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| 62.2 | % |
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| 57.8 | % |
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| 59.5 | % |
| Adjusted gross margin |
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| 61.8 | % |
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| 64.1 | % |
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| 63.2 | % |
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| 57.6 | % |
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| 63.8 | % |
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| 61.5 | % |
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| 62.4 | % |
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| 58.2 | % |
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| 59.9 | % |
| _____________________ | |
| (1) | Software and Sensors "products" revenue consists of sensors, including on-officer body cameras, Axon Fleet cameras, other hardware sensors, warranties on sensors, and other products, and is sometimes referred to as Sensors and Other revenue. |
| (2) | Software and Sensors "services" revenue comprises sales related to the Axon Cloud and Services, which includes Axon Evidence, cloud-based evidence management software revenue, other recurring cloud-hosted software revenue and related professional services, and is sometimes referred to as Axon Cloud and Services revenue. |
