Axon Q3 2022 Earnings Report
Key Takeaways
Axon reported a record Q3 2022 with revenue of $312 million, a 34% increase year-over-year. SaaS strength drove Axon Cloud revenue growth of 51%. The company raised its full-year outlook, expecting revenue between $1.15 billion and $1.16 billion and Adjusted EBITDA between $215 million and $220 million.
Record quarterly revenue of $312 million, up 34% year over year.
SaaS strength drives Axon Cloud revenue growth of 51%.
Annual Recurring Revenue of $403 million, up 40% YOY.
EPS of $0.17, Non-GAAP EPS of $0.60, Adjusted EBITDA of $68 million at 21.7% margin.
Axon
Axon
Axon Revenue by Segment
Forward Guidance
Axon's full year 2022 revenue expectation has improved to a range of $1.15 billion to $1.16 billion, reflecting approximately 34% year-over-year growth at the midpoint. They now expect to deliver 2022 Adjusted EBITDA between $215 million and $220 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income