AXON ENTERPRISE, INC.

10-K & 10-Q Filings

Axon Enterprise, Inc. is a leading provider of law enforcement technology solutions with a mission to protect life and promote peace, justice, and strong institutions. The company's business strategy involves building highly recurring, highly profitable businesses through purposeful product innovation. Axon operates in two reportable segments: TASER, which focuses on the development, manufacture, and sale of conductive energy devices (CEDs), and Software and Sensors, which offers cloud-based software solutions for digital evidence management, productivity, and real-time operations. The company's website is axon.com, and its stock ticker is NASDAQ: AAXN. Axon's key product categories include software, sensors, and TASER devices. The company generates most of its revenues through direct sales and sells to various types of customers, including U.S. state and local governments, international government customers, and commercial enterprises.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$90.03
114.75
137.83
164.53
197.89
268.25
343.80
420.07
530.86
681.00
863.38
1189.93
1563.39
26.85%31.38%Cost of Revenue (-)
$45.50
47.59
51.99
62.98
69.25
97.71
136.71
161.49
223.57
264.67
322.47
461.30
608.01
24.12%31.80%Gross Profit (+)
$44.53
67.71
85.84
101.55
128.65
170.54
207.09
258.58
307.29
416.33
540.91
728.64
955.38
29.11%31.12%Selling, General & Administrative (-)
$38.00
39.09
46.58
54.16
69.70
108.08
138.69
156.89
212.96
307.29
515.01
401.57
496.87
23.89%23.73%Research & Development (-)
$9.99
8.14
9.89
14.88
23.61
30.61
55.37
76.86
100.72
123.19
194.03
233.81
303.72
32.92%29.90%Operating Expenses (-)
$55.45
45.19
57.90
69.04
93.31
138.69
194.06
233.74
313.68
430.48
709.03
635.38
800.59
24.92%26.00%Costs & Expenses (Total) (-)
$100.94
92.78
109.88
132.02
162.56
236.39
330.78
395.23
537.25
695.15
1031.50
1096.68
1408.60
24.56%28.44%Operating Income/Loss (+)
$-10.92
22.53
27.95
32.51
35.34
31.85
13.02
24.84
-6.39
-14.15
-168.12
93.25
154.79
65.99%Non-operating Income/Expense (+)
$
-41.90
Interest Expense (-)
$
-0.09
0.19
-0.03
0.35
-2.74
-3.26
-8.46
-7.86
-26.75
-103.27
-42.11
59.22%Earnings before Tax (+)
$-9.63
22.61
28.03
32.31
35.36
31.50
15.76
28.10
2.07
-6.29
-141.38
196.52
155.00
-21.13%Tax Expense (-)
$-2.59
7.87
9.79
12.39
15.43
14.20
10.55
-1.10
1.19
-4.57
-81.36
49.38
-19.23
-138.94%Income/Loss (Continuing Operations) (+)
$-7.04
14.74
18.24
19.92
19.93
17.30
5.21
29.20
0.88
-1.72
-60.02
147.14
174.23
18.41%Net Income/Loss (+)
$-7.04
14.74
18.24
19.92
19.93
17.30
5.21
29.20
0.88
-1.72
-60.02
147.14
174.23
18.41%Net Income/Loss (Common) (+)
$-7.04
14.74
18.24
19.92
19.93
17.30
5.21
29.20
0.88
-1.72
-60.02
147.14
174.23
18.41%EPS (Basic)
$-0.12
0.27
0.35
0.38
0.37
0.33
0.10
0.52
0.01
-0.03
-0.91
2.07
2.35
13.53%EPS (Diluted)
$-0.12
0.27
0.34
0.37
0.36
0.32
0.10
0.50
0.01
-0.03
-0.91
2.03
2.31
13.79%Weighted Avg Shares (Basic)
59.44
53.83
51.88
52.95
53.55
52.67
52.73
56.39
59.19
61.78
66.19
71.09
74.19
1.87%4.36%Weighted Avg Shares (Diluted)
59.44
54.72
54.15
54.50
54.64
53.54
53.90
57.92
60.02
61.78
66.19
72.53
75.46
2.01%4.03%Cash
$21.30
36.13
42.27
48.37
59.53
40.65
75.11
349.46
172.25
155.44
356.33
353.68
598.54
32.05%69.23%Short-term Investments
$5.11
1.68
9.10
32.77
50.25
48.41
6.86
178.53
406.52
14.51
581.77
644.05
49.64%10.71%Receivables
$11.78
18.10
22.49
30.73
27.70
39.47
56.06
130.58
146.88
229.20
320.82
358.19
417.69
34.63%16.61%Inventory
$11.48
10.99
11.11
18.32
15.76
34.84
45.47
47.72
86.56
153.90
289.11
399.37
545.63
37.95%36.62%Prepaid Expenses (Current)
$2.09
2.75
5.40
4.44
8.16
13.86
21.70
30.39
34.87
36.88
56.54
73.02
112.79
39.43%54.45%Other Assets (Current)
$9.97
9.40
7.10
5.19
72.18
39.24
77.94
18.69%98.62%Assets (Current)
$61.73
79.05
97.47
139.83
161.41
177.23
205.19
558.15
619.09
981.95
1109.49
1805.28
2396.65
35.65%32.76%Securities & Long-term Investments
$
12.02
9.30
8.53
0.23
45.50
90.68
31.23
156.21
Property, Plant & Equipment (Net)
$26.85
21.95
19.04
17.52
21.85
24.00
31.17
37.89
43.77
105.49
138.46
169.84
200.53
18.24%18.07%Goodwill & Intangibles
$3.22
3.32
5.55
5.32
17.18
25.66
33.75
40.92
37.78
34.65
59.06
57.14
77.48
30.34%35.60%Other Assets
$13.16
11.91
14.30
13.40
20.91
51.03
68.00
82.58
99.50
168.24
349.97
663.42
762.18
40.25%14.89%Assets (Non-current)
$43.23
37.18
50.91
45.54
68.47
100.93
132.92
161.38
226.55
399.07
578.72
1046.62
1040.20
30.35%-0.61%Assets (Total)
$104.96
116.24
148.38
185.37
229.88
278.16
338.11
719.54
845.64
1381.02
1688.21
2851.89
3436.84
33.74%20.51%Accounts Payable
$12.16
13.29
15.06
16.93
15.98
28.98
32.09
56.26
70.88
83.98
135.93
215.85
276.56
29.74%28.12%Debt (Current)
$
0.03
0.04
0.04
0.09
Other Liabilities (Current)
$3.73
4.79
8.03
15.01
22.08
49.05
75.86
109.75
124.69
172.35
282.59
386.79
523.41
50.98%35.32%Liabilities (Current)
$15.89
18.11
23.13
31.97
38.14
78.04
107.95
166.01
195.57
256.33
418.52
602.65
799.97
38.62%32.74%Debt (Non-current)
$
0.10
0.07
0.03
0.08
673.97
677.11
0.47%Other Liabilities
$6.62
10.74
16.84
24.26
34.66
49.24
62.72
86.20
106.58
148.44
221.84
306.79
347.73
39.11%13.34%Liabilities (Non-current)
$6.62
10.84
16.91
24.29
34.74
49.24
62.72
86.20
106.58
148.44
221.84
980.76
1024.84
52.23%4.49%Liabilities (Total)
$22.51
28.95
40.03
56.26
72.88
127.28
170.67
252.22
302.14
404.77
640.36
1583.40
1824.81
44.24%15.25%Treasury Stock
$47.21
67.20
92.20
114.64
122.20
155.95
155.95
155.95
155.95
155.95
155.95
155.95
155.95
10.47%0.00%Retained Earnings
$28.15
42.88
61.13
81.05
100.98
118.28
123.19
171.38
172.26
169.90
109.88
257.02
431.25
25.54%67.79%AOCI
$-0.08
-0.06
-0.00
0.06
0.08
0.90
-1.47
-1.51
-1.10
0.14
-1.32
-7.18
-10.68
-48.75%Shareholder's Equity
$82.46
87.29
108.35
129.11
157.00
150.89
167.44
467.32
543.50
976.25
1047.85
1268.49
1612.03
28.11%27.08%Liabilities & Equity
$104.96
116.24
148.38
185.37
229.88
278.16
338.11
719.54
845.64
1381.02
1688.21
2851.89
3436.84
33.74%20.51%Net Income/Loss
$-7.04
14.74
18.24
19.92
19.93
17.30
5.21
29.20
0.88
-1.72
-60.02
147.14
174.23
18.41%Depreciation & Amortization
$8.10
6.55
5.42
5.27
4.94
4.92
8.70
10.65
11.36
12.47
23.91
23.12
19.31
7.51%-16.44%Increase/Decrease in Working Capital
$-2.86
-0.21
-8.62
-5.92
-20.20
8.22
14.76
-2.17
24.60
100.78
43.28
-19.05
118.36
721.23%Share-based Compensation
$3.04
3.42
4.34
5.58
7.26
9.37
15.61
21.88
78.50
133.57
303.33
106.18
131.36
36.87%23.72%Adjustments to Reconcile Net Income
$24.31
11.78
13.96
15.51
26.51
0.63
13.28
34.67
64.79
40.20
184.51
88.22
15.04
-3.92%-82.96%Net Cash (Operating)
$17.27
26.52
32.43
35.43
46.45
17.93
18.49
63.88
65.67
38.48
124.49
235.36
189.26
22.08%-19.59%Capital Expenditure
$2.12
1.72
3.33
2.68
17.65
12.86
23.80
18.96
16.34
72.78
72.63
57.93
81.26
35.52%40.29%Net Cash (Investing)
$-7.60
1.68
-23.06
-24.58
-36.01
-3.04
19.08
-9.86
-240.74
-356.53
252.56
-830.97
12.48
101.50%Increase/Decrease in Debt
$
-0.01
-0.03
-0.04
-0.08
-0.11
-0.03
673.77
Increase/Decrease in Equity
$-32.50
-20.00
-25.00
-22.44
-7.56
-33.75
1.38
235.75
0.11
307.07
157.13
124.27
54.50
-56.14%Net Cash (Financing)
$-31.06
-13.36
-3.19
-4.84
0.60
-34.66
-3.85
219.35
-3.94
299.26
-174.18
598.10
41.31
-93.09%Effect of Exchange Rate
$0.01
-0.01
-0.03
0.09
0.12
0.91
0.74
-0.77
0.33
1.98
-1.98
-3.38
2.06
55.95%161.09%Increase/Decrease in Cash
$-21.38
14.83
6.14
6.10
11.16
-18.88
34.45
272.59
-178.67
-16.80
200.89
-0.89
245.12
27765.69%Cash (Beginning)
$42.68
21.30
36.13
42.27
48.37
59.53
40.65
78.44
351.03
172.35
155.55
356.44
355.55
19.32%-0.25%Cash (Ending)
$21.30
36.13
42.27
48.37
59.53
40.65
75.11
349.46
172.35
155.55
356.44
355.55
600.67
32.08%68.94%NOPAT
$-13.85
14.68
18.19
20.04
19.92
17.49
4.30
25.81
-2.72
-24.42
-264.87
69.82
173.99
149.19%Gross Margin %
49.46%
59.01%
62.28%
61.72%
65.01%
63.57%
60.24%
61.56%
57.88%
61.13%
62.65%
61.23%
61.11%
Operating Margin %
-12.13%
19.63%
20.28%
19.76%
17.86%
11.87%
3.79%
5.91%
-1.20%
-2.08%
-19.47%
7.84%
9.90%
NOPAT Margin %
-15.39%
12.80%
13.20%
12.18%
10.07%
6.52%
1.25%
6.15%
-0.51%
-3.59%
-30.68%
5.87%
11.13%
Net Margin %
-7.82%
12.84%
13.24%
12.11%
10.07%
6.45%
1.51%
6.95%
0.17%
-0.25%
-6.95%
12.37%
11.14%
Tax Rate %
-26.89%
34.82%
34.92%
38.36%
43.63%
45.08%
66.96%
-3.92%
57.39%
-72.60%
-57.55%
25.13%
-12.40%
ROA
-13.20%
12.63%
12.26%
10.81%
8.66%
6.29%
1.27%
3.59%
-0.32%
-1.77%
-15.69%
2.45%
5.06%
ROE
-16.80%
16.82%
16.79%
15.52%
12.69%
11.59%
2.57%
5.52%
-0.50%
-2.50%
-25.28%
5.50%
10.79%
ROIC
-27.48%
27.75%
31.20%
29.31%
23.87%
15.74%
2.82%
11.82%
-1.01%
-5.33%
-39.35%
9.10%
17.90%
Asset Turnover
0.86
0.99
0.93
0.89
0.86
0.96
1.02
0.58
0.63
0.49
0.51
0.42
0.45
Inventory Turnover
3.96
4.33
4.68
3.44
4.39
2.80
3.01
3.38
2.58
1.72
1.12
1.16
1.11
Equity Multiplier
1.27
1.33
1.37
1.44
1.46
1.84
2.02
1.54
1.56
1.41
1.61
2.25
2.13
Current Ratio
3.89
4.37
4.21
4.37
4.23
2.27
1.90
3.36
3.17
3.83
2.65
3.00
3.00
Quick Ratio
2.40
3.09
3.19
3.50
3.60
1.65
1.28
2.89
2.54
3.09
1.65
2.15
2.08
Debt/Equity Ratio
0.00
0.00
0.00
0.00
0.53
0.42
Working Capital/Sales
0.23
0.24
0.24
0.28
0.22
0.23
0.25
0.33
0.35
0.47
0.55
0.45
0.44
R&D/Sales
0.11
0.07
0.07
0.09
0.12
0.11
0.16
0.18
0.19
0.18
0.22
0.20
0.19
Total Payout
$32.50
20.01
25.03
22.48
7.64
33.85
-1.35
-235.75
-0.11
-307.07
-157.13
-798.04
-54.50
93.17%Payout Ratio %
234.63%
136.24%
137.64%
112.18%
38.34%
193.54%
-31.35%
-913.26%
-4.18%
-1257.35%
-59.32%
-1142.97%
-31.33%