Axon Enterprise Stock Price, News & Analysis

Axon (Nasdaq: AXON) announced Microsoft as the title sponsor for the Axon Accelerate conference, taking place in Phoenix from November 1-3, 2021. Other sponsors include Skydio, Verizon, and AT&T. The conference aims to bring public safety professionals together to explore Axon's innovations in technology. CEO Rick Smith highlighted the event's importance for engaging public safety officials and understanding their needs. The conference will also offer a certification day for Axon product expertise.

Axon (Nasdaq: AXON) announced a partnership with the Puebla Municipal Police Department on Sept. 22, 2021, to equip its officers with TASER conducted electrical devices (CEDs). This initiative aims to enhance officer and community safety, marking a significant step in public safety technology in Mexico. The TASER X2 procurement demonstrates Puebla Police's commitment to modernizing its equipment. This deployment follows Axon's expansion efforts in Latin America, complementing previous partnerships with Monterrey Police Department.

Axon (Nasdaq: AXON) announced a partnership with Six Flags Entertainment Corp. to enhance security at amusement parks across the U.S. by deploying 600 Axon Body 2 cameras integrated with Axon Evidence, a digital evidence management solution. This initiative aims to improve safety and transparency for both staff and visitors. The order was shipped in Q2 of 2021, signaling Axon's commitment to providing advanced safety solutions in commercial sectors. The collaboration is part of Axon's broader strategy to expand its technological offerings in private security and entertainment venues.

Axon has announced its acquisition of My90, Inc., a company that focuses on collecting anonymized community feedback to enhance public safety trust and equity. Founded in 2016, My90 has developed tools for police agencies to gather anonymous feedback effectively. As part of the acquisition, My90's CEO, Kona Shen, will take on the role of VP and General Manager at Axon. The financial terms of the deal were not disclosed, but Axon aims to integrate My90's capabilities into its existing Community Impact initiatives, promoting stronger community-police relationships.

Axon (Nasdaq: AXON) announced a partnership with the Gujarat State Police in India to equip its officers with 10,350 body-worn cameras and digital evidence management technology. This initiative includes Axon's real-time situational awareness software, enhancing policing capabilities across Gujarat. This deployment marks Gujarat Police as the first agency in India to integrate body cameras with a digital evidence platform. Axon aims to expand its presence in India following Gujarat's earlier adoption of TASER devices.

On August 9, 2021, Axon, the leader in connected public safety technologies, launched the TASER Pulse: Kryptek Edition, a limited edition self-defense device priced at $429.99. This product features Kryptek's Altitude camouflage pattern and leverages technology trusted by law enforcement, allowing users to immobilize threats for up to 30 seconds. This collaboration with Kryptek aims to enhance civilian self-defense capabilities. The device is available for pre-order starting August 9, 2021.

Axon reported a robust Q2 2021, with total revenue reaching $219 million, up 55% year-over-year, driven by significant domestic and international demand. Notably, international revenue surged 60%.

Highlights included a 60% increase in TASER segment revenue and the launch of Axon Fleet 3 with an AI-powered feature. The company also announced a new VR Simulator for training, which saw bookings grow more than eight-fold, reaching nearly $8 million in H1 2021.

Aira Inc. has closed a $12 million Series Seed funding round to expedite its expansion into the automotive, enterprise, and hospitality sectors. This capital will enhance operational and engineering resources ahead of the FreePower® 2.0 launch slated for this year. The company has secured its first patents for FreePower® and holds over 80 patents related to wireless charging technology. Additionally, Axon CFO Jawad Ahsan has joined Aira's board, bringing significant financial expertise.

Axon (Nasdaq: AXON) announced it will release its second quarter 2021 financial results on August 5, 2021, after market close. A live webinar featuring CEO Rick Smith, President Luke Larson, and CFO Jawad Ahsan will occur at 5 p.m. ET on the same day to discuss the results. Participants can access the call via Axon's investor relations website, where an archived replay will be available post-call. Additionally, Axon management will participate in two upcoming virtual conferences: Northcoast Research on August 10 and Needham on November 18.