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Axon Enterprise, Inc. - AXON STOCK NEWS

Welcome to our dedicated page for Axon Enterprise news (Ticker: AXON), a resource for investors and traders seeking the latest updates and insights on Axon Enterprise stock.

Axon Enterprise, Inc. (symbol: AXON) is a leading innovator in public safety technology, founded in 1993. The company, formerly known as TASER International, revolutionized less-lethal weaponry with its conducted electrical weapons (CEWs), providing a safer alternative for law enforcement. Today, Axon's suite of connected products, including body cameras and evidence management solutions, is used by over 18,000 agencies worldwide, promoting transparency and efficiency.

Axon operates in two primary segments: Taser and Software & Sensors. The Taser segment develops and sells conducted energy devices and virtual reality training solutions. The Software & Sensors segment produces integrated hardware and cloud-based software, such as body cameras, automated license plate readers, and digital evidence management systems. Axon's products enhance modern policing through innovative solutions, such as Axon Body 4 cameras and TASER 10 devices, which improve safety and operational efficiency.

In recent news, Axon announced third-quarter 2023 financial results, showing a seventh consecutive quarter of over 30% year-over-year revenue growth. The company also reported significant gains in its Axon Cloud & Services segment, which grew by 55% year-over-year. Axon’s international revenue increased by 52%, driven by new customer acquisitions and expanded cloud and software offerings.

Axon is committed to its moonshot goal of reducing gun-related deaths between police and the public by 50% before 2033. The company’s recent initiatives include the launch of the TASER 10, enhanced virtual reality training capabilities, and the introduction of a comprehensive public safety gun fatality database. Axon also supports disaster response efforts and participates in major industry conferences, further establishing its leadership in public safety technology.

For career opportunities, visit https://www.axon.com/company/careers. For more information about the company, visit www.axon.com.

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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.

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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.

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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.

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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.

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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.
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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.
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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.
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Axon (AXON) to Report Fourth Quarter 2023 Financial Results; Hosts Live Webinar on February 27, 2024. Participates in Upcoming Conferences in March 2024.
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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.
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Axon (Nasdaq: AXON) has launched a new generation of body cameras, Axon Body Workforce, designed for frontline workers in retail and healthcare facilities. Early trials in retail have shown a nearly 50% reduction in incident escalations, demonstrating effective and safe de-escalation. The product is available for purchase in the U.S., Australia, Canada, EU, and U.K. and is integrated with Axon's industry-leading real-time operations and evidence management technology.
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FAQ

What does Axon Enterprise, Inc. do?

Axon develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software for law enforcement and other sectors.

What are the primary segments of Axon?

Axon operates in two segments: Taser, which includes conducted energy devices and virtual reality training, and Software & Sensors, which includes body cameras, evidence management, and cloud software.

Where are Axon’s products used?

Axon’s products are used by over 18,000 agencies globally, including law enforcement, military, corrections, and private security sectors.

What recent financial achievements has Axon reported?

Axon reported its seventh consecutive quarter of over 30% year-over-year revenue growth and significant gains in its Axon Cloud & Services segment.

What is Axon's moonshot goal?

Axon aims to reduce gun-related deaths between police and the public by 50% before 2033 through innovative technology and training.

What are some of Axon’s key products?

Key products include TASER energy devices, Axon Body cameras, Axon Fleet in-car cameras, and cloud-hosted digital evidence management solutions.

How is Axon contributing to disaster response?

Axon supports disaster response efforts through its Axon Aid initiative, which provides resources and support to first responders during emergencies.

What are some of Axon’s latest innovations?

Recent innovations include the TASER 10, enhanced virtual reality training capabilities, and the Axon Public Safety Gun Fatality Database.

How can I learn about career opportunities at Axon?

You can explore career opportunities at Axon by visiting their careers page at https://www.axon.com/company/careers.

Where can I find more information about Axon?

For more information, visit Axon's official website at https://www.axon.com.

Axon Enterprise, Inc.

Nasdaq:AXON

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