Axon Enterprise reported robust Q2 2024 financial results with revenue reaching $504.1 million, up 34.6% year-over-year. Software and Sensors segment revenue grew 39.5% to $307.1 million, while TASER segment revenue increased 27.6% to $197.0 million. Gross margin was 60.3%, with adjusted gross margin at 62.5% excluding stock-based compensation and intangibles amortization.The company demonstrated strong operational execution with net income of $40.8 million, compared to $12.4 million in Q2 2023. Operating expenses increased by $79.0 million due to higher headcount, increased sales and marketing expenses, and stock-based compensation. Cash and investments totaled $968.9 million as of June 30, 2024.Looking ahead, Axon maintains a robust future contracted revenue pipeline of approximately $7.4 billion. The company completed the strategic acquisition of Fusus for $241.3 million in January 2024 and entered into an agreement to acquire Dedrone for approximately $400 million, strengthening its position in real-time crime center technology and airspace security solutions.

Axon Enterprise reported robust Q2 2024 financial results with revenue reaching $504.1 million, up 34.6% year-over-year. Software and Sensors segment revenue grew 39.5% to $307.1 million, while TASER segment revenue increased 27.6% to $197.0 million. Gross margin was 60.3%, with adjusted gross margin at 62.5% excluding stock-based compensation and intangibles amortization.The company demonstrated strong operational execution with net income of $40.8 million, compared to $12.4 million in Q2 2023. Operating expenses increased by $79.0 million due to higher headcount, increased sales and marketing expenses, and stock-based compensation. Cash and investments totaled $968.9 million as of June 30, 2024.Looking ahead, Axon maintains a robust future contracted revenue pipeline of approximately $7.4 billion. The company completed the strategic acquisition of Fusus for $241.3 million in January 2024 and entered into an agreement to acquire Dedrone for approximately $400 million, strengthening its position in real-time crime center technology and airspace security solutions.