Axon Enterprise reported strong Q2 2024 results, with revenue jumping 34.6% year-over-year to $504.1 million. Net income rose to $40.8 million, up from $12.4 million in Q2 2023. The TASER segment saw a 27.6% revenue increase, while the Software and Sensors segment grew 39.5%.Gross margin decreased slightly to 60.3% from 62.0% year-over-year, primarily due to higher stock-based compensation expenses. Operating expenses increased by $79.0 million, reflecting increased headcount and sales-related costs. The company's future contracted revenue reached approximately $7.4 billion.Axon completed the acquisition of Fusus for $241.3 million and announced plans to acquire Dedrone for about $400 million. The company maintains a strong liquidity position with $968.9 million in cash and investments as of June 30, 2024. Management expressed confidence in their financial outlook and ability to fund operations and potential acquisitions.

Axon Enterprise reported strong Q2 2024 results, with revenue jumping 34.6% year-over-year to $504.1 million. Net income rose to $40.8 million, up from $12.4 million in Q2 2023. The TASER segment saw a 27.6% revenue increase, while the Software and Sensors segment grew 39.5%.Gross margin decreased slightly to 60.3% from 62.0% year-over-year, primarily due to higher stock-based compensation expenses. Operating expenses increased by $79.0 million, reflecting increased headcount and sales-related costs. The company's future contracted revenue reached approximately $7.4 billion.Axon completed the acquisition of Fusus for $241.3 million and announced plans to acquire Dedrone for about $400 million. The company maintains a strong liquidity position with $968.9 million in cash and investments as of June 30, 2024. Management expressed confidence in their financial outlook and ability to fund operations and potential acquisitions.