Loading...
•
Dec 31, 2020
Axon Q4 2020 Earnings Report
Axon's Q4 2020 performance highlighted by revenue growth and strong demand for TASER devices and cloud software.
Key Takeaways
Axon Enterprise reported a record $681 million in revenue for 2020, a 28% increase year-over-year, with Q4 2020 revenue growing 32% to $226 million. The company saw strong profitability and global demand for TASER devices, and raised its 2021 outlook.
Q4 2020 revenue grew 32% year over year to $226 million.
The quarter benefitted from a $20 million TASER 7 order from an international customer.
Annual Recurring Revenue (ARR) grew 37% year over year to $221 million.
Net income per diluted share was $0.40, while Non-GAAP EPS was $1.00.
Revenue by Segment
Forward Guidance
Axon expects to achieve revenue in the range of $740 million to $780 million and Adjusted EBITDA to $125 million to $140 million for 2021. The company expects Q1 2021 revenue to grow approximately 12% year over year.
Positive Outlook
- Expects to achieve revenue in the range of $740 million to $780 million.
- Raising expectations for Adjusted EBITDA to $125 million to $140 million.
- Expects stock-based compensation expense to be at least $115 million for the full year.
- Expects capital expenditures to be approximately $65 million to $70 million in 2021.
- Expects Q1 2021 revenue to grow approximately 12% year over year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...