Axon Enterprise Stock Price, News & Analysis

Axon (Nasdaq: AXON) will announce its fourth quarter 2022 financial results on February 28, 2023, after market close. A live Zoom webinar will take place at 5 p.m. ET to discuss the results, with a Q&A session included. The event will be accessible through Axon's investor relations website. Additionally, Axon management will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, which will also be webcasted. Axon aims to reduce gun-related deaths by 50% before 2033 and continues to expand its product offerings in public safety technology.

Axon has launched the TASER 10, a state-of-the-art energy weapon designed to enhance public safety. This device boasts a 10-probe capacity, a maximum range of 45 feet, and incorporates new de-escalation features aimed at reducing officer-involved shootings. With this release, Axon advances its moonshot goal to cut gun-related deaths by 50% over the next decade. The TASER 10 is touted as the most effective yet, allowing for greater decision-making time and improved accuracy in threat management. With integrated smart technology and a safety profile meeting high standards, the TASER 10 is set to redefine less-lethal force in law enforcement.

FARO (Nasdaq: FARO) announced on January 19, 2023, the appointment of Jawad Ahsan to its Board of Directors effective February 1, 2023. Ahsan, previously the CFO of Axon and with extensive experience at General Electric, is expected to aid FARO's strategic shift toward hardware-software solutions. The company also confirmed the retirement of long-serving board member Stephen Cole, with Alex Davern stepping in as Audit Committee Chair. This leadership transition is crucial as FARO continues to innovate in 3D measurement and analytics.

Axon achieved high impact status from the Federal Risk and Authorization Management Program (FedRAMP) Joint Authorization Board for its cloud-based Software as a Service (SaaS) solutions. This upgrade allows US government agencies to store sensitive data securely, enhancing trust in Axon's services. Previously rated at moderate impact, Axon's new status improves digital evidence management, situational awareness, and records management capabilities. The Axon FedCloud system supports agencies including the Department of Homeland Security and the Department of Justice.

On December 6, 2022, Axon Enterprise, Inc. (NASDAQ: AXON) announced a private offering of $600 million in 0.50% Convertible Senior Notes due 2027, increasing from the previously stated $500 million. The offering is aimed at qualified institutional buyers under Rule 144A, with the closing expected on December 9, 2022. The initial conversion price is about $228.73 per share, a 35% premium over Axon's last share price. Net proceeds are projected at $585.8 million, intended for general corporate purposes including growth capital and potential acquisitions.

On December 5, 2022, Axon Enterprise, Inc. (NASDAQ: AXON) announced its intention to offer $500 million in Convertible Senior Notes due 2027. This offering, targeting qualified institutional buyers, includes an option for an additional $75 million. The Notes will be senior unsecured obligations, maturing on December 15, 2027. Proceeds will support convertible note hedge transactions and general corporate purposes, including potential growth investments. The company anticipates possible market price fluctuations due to derivative transactions related to the Notes.

Axon reported Q3 2022 revenue of $312 million, achieving a 34% year-over-year growth, driven by strong demand in its Software & Sensors business. Notably, Axon Cloud revenue surged by 51%, reaching $95.7 million, with an annual recurring revenue of $403 million—up 40% YOY. The company’s EPS was $0.17, with a non-GAAP EPS of $0.60. Adjusted EBITDA was $68 million at a 21.7% margin. The firm is confident in its growth prospects, citing a robust product pipeline and the adoption of premium bundles, which represent less than 15% of potential market penetration.

Axon (Nasdaq: AXON) is set to release its third quarter 2022 financial results after market close on November 8, 2022. A live Zoom webinar will follow at 5 p.m. ET for discussions and Q&A regarding the results, accessible via its investor relations website. Additionally, Axon management will participate in several upcoming conferences, including the Northcoast Research Fall Management Forum on November 15, 2022, and the Credit Suisse Technology Conference on November 30, 2022.

Axon, the public safety technology leader, announced a commitment to reduce gun-related deaths between police and the public by 50% by 2033, during the IACP conference in Dallas. The initiative involves collaboration with law enforcement and community leaders and funding third-party research by the Institute for Intergovernmental Research. In 2021, 1,118 individuals died in such incidents. The company aims to enhance technology and training for law enforcement, focusing on non-lethal tools and better data collection.