Axon reports Q1 2024 revenue of $461 million, up 34% year over year, raises outlook

 

AXON ENTERPRISE, INC.

SALES BY PRODUCT AND SERVICE

(in thousands)
































THREE MONTHS ENDED


31 MAR 2024



31 DEC 2023



31 MAR 2023


TASER segment:


















TASER Devices (Professional)

$

98,676


21.4

%


$

94,758


21.9

%


$

67,472


19.7

%

Cartridges


56,198


12.2




43,781


10.1




46,800


13.6


Axon Evidence and Cloud Services


12,221


2.7




10,105


2.4




7,201


2.1


Extended Warranties


8,526


1.8




8,226


1.9




7,670


2.2


Other (1)


3,127


0.7




4,473


1.0




5,139


1.5


Total TASER segment


178,748


38.8




161,343


37.3




134,282


39.1


Software and Sensors segment:


















Axon Body Cameras and Accessories


51,205


11.1




58,957


13.7




38,797


11.3


Axon Fleet Systems


28,387


6.2




22,481


5.2




32,972


9.6


Axon Evidence and Cloud Services


175,458


38.1




165,204


38.2




118,314


34.5


Extended Warranties


18,474


4.0




17,272


4.0




14,085


4.1


Other (2)


8,464


1.8




6,885


1.6




4,593


1.4


Total Software and Sensors segment


281,988


61.2




270,799


62.7




208,761


60.9


Total net sales

$

460,736


100.0

%


$

432,142


100.0

%


$

343,043


100.0

%

_________________

(1)       

TASER segment "Other" includes smaller categories, such as VR hardware, weapons training revenue such as revenue associated with our Master Instructor School, and TASER consumer device sales.

(2)       

Software and Sensors segment "Other" includes revenue from items including Signal Sidearm, Interview Room, Axon Air and other sensors and equipment.


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