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Dec 31, 2021
Axon Q4 2021 Earnings Report
Axon's Q4 2021 financial results were reported, showing a slight revenue decrease due to specific factors, while full-year results demonstrated substantial growth.
Key Takeaways
Axon's Q4 2021 revenue reached $218 million, a 4% year-over-year decrease, impacted by a large prior-year order and supply chain shifts. The company's full-year revenue grew by 27% to $863 million. Despite a quarterly net loss of $14 million, non-GAAP net income was $34 million, or $0.46 per share, and adjusted EBITDA was $31 million.
Q4 revenue was $218 million, down 4% year-over-year, exceeding expectations.
The company reported a net loss of $14 million, or ($0.19) per share, which included significant stock-based compensation expenses.
Non-GAAP net income for the quarter was $34 million, or $0.46 per share.
Adjusted EBITDA reached $31 million, contributing to a full-year Adjusted EBITDA of $178 million, surpassing guidance.
Axon
Axon
Axon Revenue by Segment
Revenue by Segment
TASER Revenue
CapyFin.comSoftware & Services Revenue
CapyFin.com Forward Guidance
Axon expects to achieve 2022 revenue of approximately $1.04 billion, representing a 20% increase year over year. Adjusted EBITDA is projected to be in the range of $185 million to $195 million.
Positive Outlook
- Achieve 2022 revenue of about $1.04 billion, representing 20% growth year over year.
- Adjusted EBITDA in the range of $185 million to $195 million.
- Adjusted free cash flow to strengthen to a range of about $125 million to $145 million in 2022, compared with about $85 million in 2021.
- Expect stock-based compensation expense to be more than $104 million for the full year.
- Capital expenditures includes $85 million toward Axon’s new campus in Scottsdale, Ariz.
Revenue & Expenses
Visualization of income flow from segment revenue to net income