From Investor's Business Daily, February 24:
Axon Takes Aim At AI Fears, Targets $6 Billion In 2028 Sales
Axon Enterprise blew away fourth-quarter estimates after Tuesday's close and set a target for more than doubling sales over the next three years. Axon stock, which lost half its value amid worry that AI will disrupt software vendors, surged after hours.
The maker of Tasers, body cameras, drones and software for law enforcement signaled confidence that it can keep deepening its relationship with law enforcement customers while seizing on its opportunity with enterprises. That tight relationship was reflected in net revenue retention rising to 125%, meaning there's little attrition and many customers are adding new products.
Axon Earnings
Results: Axon posted Q4 earnings per share of $2.15, up 3% from last year's big fourth quarter but 55 cents ahead of forecasts. Revenue grew 38.5% to $796.7 million, its best percentage gain in years and beating estimates by more than $40 million.
Software and services revenue grew 40% to $342.5 million. Taser revenue rose 32% to $264.2 million. Personal sensors, such as body cameras, rose 28% to $109.1 million. Platform solutions, which includes drones and counter-drone equipment, rose 81% to $80.9 million.
Annual bookings rose 46% to $7.4 billion, while future contracted bookings rose 43% to $14.4 billion, providing visibility.
Outlook: Axon said it expects 2026 revenue growth of 27% to 30% and a 25.5% adjusted margin for earnings before interest, taxes, depreciation and amortization (EBITDA).
Axon set 2028 targets of $6 billion in revenue vs. $2.8 billion in 2025 and 28% adjusted EBITDA margins....
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In late pre-market action the stock is up $47.49 (+10.73%) at $490.00.
