Axon Enterprise, Inc. reports developments across connected public safety technology, combining TASER conducted energy devices, body-worn and in-car cameras, Axon Evidence cloud software, real-time operations tools, drones and counter-drone products, and training solutions. Company updates commonly cover Software & Services and Connected Devices performance, new AI capabilities such as Axon Assistant and Axon Vision, and product expansion across field devices, emergency response workflows and enterprise security use cases.
Axon news also includes quarterly and annual results, revenue outlooks, conference participation, completed technology acquisitions, and responsible-innovation governance around privacy, transparency, data management and product controls.
On April 6, 2022, Axon (Nasdaq: AXON) announced its acquisition of Foundry 45, a virtual reality training studio aimed at enhancing public safety training. The acquisition closed on April 5, 2022, and will integrate Foundry 45 into Axon's VR division. Founded in 2015, Foundry 45 has partnered with Fortune 100 companies to develop innovative training modules. This acquisition is expected to enhance Axon's training capabilities, making them more accessible and effective for public safety professionals, while opening new growth markets globally.
São Paulo State Military Police (PMESP) is set to enhance its public safety measures by deploying an additional 7,000 Axon Body 3 cameras. This expansion follows a significant 85% drop in police intervention deaths, according to a recent study. PMESP will also utilize Axon Respond, improving real-time situational awareness for law enforcement. The agency initially equipped 2,500 officers with Axon technology in June 2021, demonstrating its commitment to leveraging advanced technology for community safety.
Axon (Nasdaq: AXON) announces that Fresno Police Department has implemented its Axon Dispatch, a cloud-based computer-aided dispatch (CAD) system. This innovative platform aims to enhance the efficiency of 9-1-1 call handling, managing nearly one million calls annually. Key features include real-time notifications, modern mapping, and a user-friendly interface. Officials emphasize the importance of advanced technology for effective police response. Axon aims to improve situational awareness and resource allocation in public safety through this partnership.
Axon has announced the deployment of 200 Axon Body 3 cameras by the Maldives Police Service (MPS) to enhance public safety and accountability. This initiative incorporates Axon's real-time situational awareness software, Axon Respond, enabling supervisors to access live streaming and location mapping. MPS Commissioner Mohamed Hameed emphasized the importance of this technology in policing, which aims to improve evidence collection and officer safety. Axon's partnership with MPS represents a critical step in advancing public safety technology in the region.
Axon reported a 27% revenue increase to $863 million in 2021, with a net loss of $60 million impacted by stock-based compensation. Adjusted EBITDA reached $178 million, showcasing a 20.6% margin. The company tripled its annual recurring revenue to $327 million, supported by record bookings of $1.7 billion, up 54% year-over-year. Notable product launches include Attorney Premier and TASER Bolt 2. Despite a 4% revenue decline in Q4 due to supply chain issues, Axon remains optimistic with a target of 20% CAGR. The firm also expanded globally and made strategic acquisitions in the forensic video and drone detection markets.
STORE Capital Corporation (NYSE: STOR) announced the addition of David Edwards, Ph.D., and Jawad Ahsan as new members of its Board of Directors, effective February 17, 2022. This expands the board to nine directors, with eight being independent. David brings expertise in data-driven optimization and risk management, while Jawad's strong finance background enhances the board's capabilities. The company also noted the retirement of board member Einar Seadler, who has served for six years. The addition of these members aims to bolster STORE's governance and strategic direction.
Axon, a leader in connected public safety technologies, announced it will release its fourth quarter 2021 financial results after market close on February 24, 2022. A live webinar will occur at 5 p.m. ET the same day, featuring CEO Rick Smith and other executives, to discuss financial performance. Axon also plans to participate in the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2022. More than 262,000 lives have been positively impacted by Axon's technologies. Archived recordings of the events will be available on their investor relations website.
Axon, the leader in public safety technologies, has opened its first European R&D office in London as part of its global expansion strategy. The company has appointed Ran Mokady as site lead and Senior Vice President of Real-Time Operations. Mokady brings over 30 years of experience from companies like Microsoft and Amazon. The London hub aims to attract engineers to enhance Axon's mission of creating innovative safety technologies. This expansion marks Axon's fourth R&D facility, complementing its existing offices in Seattle, Ho Chi Minh City, and Scottsdale.
On January 31, 2022, Axon (NASDAQ: AXON) announced the retirement of Dr. Richard Carmona from its board after 15 years. He will guide important governance changes until the spring 2022 shareholder meeting. The company held an ESG roadshow from October 2021 to January 2022, receiving feedback from institutions representing 30% of shares. As a result, Axon plans to recommend declassifying the board for annual elections, implementing a majority voting standard, granting proxy access to shareholders, and reducing the threshold for calling special meetings to 25% of shares outstanding.
On January 18, 2022, Axon announced the launch of the TASER Bolt 2, a new personal safety device designed for consumer self-defense. The device features a 15-foot range, enhanced accuracy for low light, and can alert emergency dispatch upon discharge when paired with a companion app. It can immobilize attackers for up to 30 seconds and includes LASER targeting. The TASER Bolt 2 is priced at $449 and is available for preorder, with shipping set to start in Spring 2022. The launch aims to empower customers in personal safety.