Axon Enterprise, Inc. - AXON STOCK NEWS

Axon (Nasdaq: AXON), a leader in public safety technology, announced that the U.S. Marshals Service (USMS) has deployed TASER 10, their latest less-lethal energy weapon. The new TASER can deploy 10 individually targeted probes at distances of up to 45 feet, enhancing safety and decision-making capabilities. Additionally, the USMS will pilot Axon's VR Training solution, which offers immersive, cost-effective training for real-world scenarios. This initiative aims to improve the performance and safety of Deputy U.S. Marshals engaged in fugitive apprehension, judiciary security, and witness protection. The TASER 10's integration with Axon's body-worn cameras will provide automatic activation and enhance situational awareness and accountability.

Axon and Skydio have partnered to launch an end-to-end drone solution for public safety, including a scalable 'Drone as First Responder' (DFR) system. The DFR allows drones to be dispatched to emergency calls, arriving before ground units to provide real-time situational awareness. This collaboration aims to improve incident response times, enhance safety, and optimize resource allocation. The offering includes Skydio’s autonomous drones, docking stations, and integrated flight control software, along with Axon’s real-time operations, crime center capabilities, and evidence management tools. This integrated solution promises to make DFR a reality for public safety agencies across the U.S., enhancing community safety and operational efficiency.

Axon, a global public safety technology leader, announced the acquisition of Dedrone, a leader in airspace security, to enhance drone solutions for public safety and national security. The acquisition aims to revolutionize public safety, improve response to critical incidents, and strengthen customer communities. Dedrone's innovative technologies will complement Axon's offerings, creating a more advanced end-to-end drone solution.

Axon reported a strong Q1 2024 with revenue of $461 million, a 34% YoY increase, supporting an optimistic FY 2024 outlook. Cloud & Services revenue grew 52% to $176 million, with net income of $133 million. Axon raised full-year revenue outlook to $1.94-$1.99 billion, showcasing steady growth and profitability. Significant product innovations like Draft One and VR training modules were highlighted, emphasizing AI-driven solutions to enhance officer productivity and training efficiency.

Axon introduces Draft One, an AI-powered software that utilizes body-worn camera audio to produce high-quality police report drafts in seconds. The software saves officers up to 15 hours per week on data entry, improving report quality and clarity. Draft One aims to augment officers, reduce paperwork, and increase job satisfaction, ultimately leading to better community service and de-escalated outcomes.

Axon (Nasdaq: AXON) will release its first quarter 2024 earnings on May 6, 2024. The company, a global public safety technology leader, will host a live webinar to discuss the financial results on the same day at 5 p.m. ET. The webinar will include a Q&A session and will be accessible on Axon's investor relations website. Additionally, Axon will participate in upcoming conferences like the Craig-Hallum 21st Annual Institutional Investor Conference and Baird's Global Consumer, Technology & Services Conference.

Axon Cloud and Services revenue grows 52% to $561 million with annual recurring revenue up 47% to $697 million. Annual net income reaches $174 million supporting Adjusted EBITDA of $329 million. Company projects 20-24% revenue growth to $1.88-$1.94 billion for 2024.

Axon (AXON) to Report Fourth Quarter 2023 Financial Results; Hosts Live Webinar on February 27, 2024. Participates in Upcoming Conferences in March 2024.

Axon, a global leader in connected public safety technologies, has acquired Fusus, a real-time crime center (RTCC) technology leader. The acquisition further solidifies Axon's mission to protect life and expands its presence in retail, healthcare, private security, and the federal space. Fusus' technology enhances situational awareness and investigative capabilities for public safety, education, and commercial customers. The acquisition will provide Axon with technology not currently in its existing network, allowing seamless connections to critical data sources and propelling its real-time operations product roadmap. Both companies believe in open ecosystem compatibility, and the combined product offering currently supports devices and sensors from dozens of different providers.