On a generally down day for U.S. equities (e.g. DJIA -848.37) AXON is up $2.45 (+0.32%) at $777.65.
From Zacks via Yahoo Finance, June 12:
Axon Enterprise, Inc. AXON is expanding its footprint in the public safety technology space, with the Connected Devices segment playing an important role in overall growth. In the first quarter of 2025, the segment’s revenues surged 26.1% year over year, reflecting strong momentum across its product lines.
The ongoing demand for TASER devices is the core component of the segment’s success. AXON continues to benefit from the rising popularity of its next-generation TASER 10 products, which began shipping in 2023. Revenues from TASER devices increased $30.9 million year over year in the first quarter, driven by the higher volume of TASER 10 handles and cartridges.
Solid demand for virtual reality training services and counter drone equipment continues to support the segment’s growth. Axon launched the next-generation body-worn camera, Axon Body 4, in April 2023, which has added momentum as well. Equipped with enhanced features such as a bi-directional communication facility and a point-of-view camera module option, the product is generating strong customer demand, thus bolstering the segment’s growth. The Connected Devices unit is also benefiting from increased warranty revenues from a higher volume of deployed devices in the field.
With rising global security concerns, including increasing instances of terrorism and criminal activities, demand for advanced public safety technologies is expected to remain strong. These trends are likely to support the ongoing demand for Axon’s Connected Devices portfolio, positioning the segment well for sustained momentum in the quarters ahead...
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I'll be hanging around the face-painting booth at tomorrow's big protest. Bring a bottle of water for a marginally effective teargas eyewash.
