Axon Enterprise reported strong Q3 2024 financial results with revenue increasing 31.7% to $544.3 million, driven by growth across both TASER and Software segments. TASER segment revenue rose 36.4% to $221.7 million on higher TASER 10 device volumes, while Software and Sensors revenue grew 28.7% to $322.5 million on increased cloud services adoption.Gross margin decreased to 60.8% from 62.1% year-over-year, primarily due to higher stock-based compensation expense and amortization of acquired intangibles. Operating expenses increased by $107.4 million reflecting increased headcount and stock compensation costs. The company recorded net income of $67.0 million, which included a $44.0 million unrealized gain on marketable securities.Looking ahead, Axon reported approximately $7.7 billion in remaining performance obligations, with 15-25% expected to be recognized over the next 12 months. The company continues to invest in growth initiatives while maintaining strong liquidity with $695.1 million in cash and equivalents. Management remains focused on expanding its public safety technology ecosystem through organic development and strategic acquisitions.

Axon Enterprise reported strong Q3 2024 financial results with revenue increasing 31.7% to $544.3 million, driven by growth across both TASER and Software segments. TASER segment revenue rose 36.4% to $221.7 million on higher TASER 10 device volumes, while Software and Sensors revenue grew 28.7% to $322.5 million on increased cloud services adoption.Gross margin decreased to 60.8% from 62.1% year-over-year, primarily due to higher stock-based compensation expense and amortization of acquired intangibles. Operating expenses increased by $107.4 million reflecting increased headcount and stock compensation costs. The company recorded net income of $67.0 million, which included a $44.0 million unrealized gain on marketable securities.Looking ahead, Axon reported approximately $7.7 billion in remaining performance obligations, with 15-25% expected to be recognized over the next 12 months. The company continues to invest in growth initiatives while maintaining strong liquidity with $695.1 million in cash and equivalents. Management remains focused on expanding its public safety technology ecosystem through organic development and strategic acquisitions.