Axon Enterprise, Inc. (AXON)

Axon Enterprise Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,681	1,563	1,190	863.38	681	530.86
Revenue Growth (YoY)	31.69%	31.38%	37.82%	26.78%	28.28%	26.37%
Cost of Revenue	669.76	608.01	461.3	322.47	264.67	223.57
Gross Profit	1,011	955.38	728.64	540.91	416.33	307.29
Selling, General & Admin	532.98	496.87	401.58	515.01	307.29	212.96
Research & Development	323.89	303.72	233.81	194.03	123.2	100.72
Operating Expenses	856.87	800.59	635.39	709.03	430.48	313.68
Operating Income	154.46	154.79	93.25	-168.12	-14.15	-6.39
Other Expense / Income	-124.38	-0.21	-103.27	-26.75	-7.86	-8.46
Pretax Income	278.84	155	196.52	-141.38	-6.29	2.07
Income Tax	16.53	-19.23	49.38	-81.36	-4.57	1.19
Net Income	262.31	174.23	147.14	-60.02	-1.72	0.88
Net Income Growth	90.90%	18.41%	-	-	-	-96.98%
Shares Outstanding (Basic)	75	74	71	66	62	59
Shares Outstanding (Diluted)	77	75	73	66	62	60
Shares Change	4.40%	4.03%	9.58%	7.14%	2.94%	3.62%
EPS (Basic)	3.50	2.35	2.07	-0.91	-0.03	0.01
EPS (Diluted)	3.42	2.31	2.03	-0.91	-0.03	0.01
EPS Growth	80.95%	13.79%	-	-	-	-98.00%
Free Cash Flow	162.46	129.73	179.85	74.65	-34.05	49.73
Free Cash Flow Per Share	2.16	1.75	2.53	1.13	-0.55	0.84
Gross Margin	60.16%	61.11%	61.23%	62.65%	61.13%	57.88%
Operating Margin	9.19%	9.90%	7.84%	-19.47%	-2.08%	-1.20%
Profit Margin	15.60%	11.14%	12.37%	-6.95%	-0.25%	0.17%
Free Cash Flow Margin	9.66%	8.30%	15.11%	8.65%	-5.00%	9.37%
Effective Tax Rate	5.93%	-12.40%	25.13%	-	-	57.39%
EBITDA	323.6	194.48	227.62	-117.11	10.29	17
EBITDA Margin	19.25%	12.44%	19.13%	-13.56%	1.51%	3.20%
Depreciation & Amortization	44.76	39.48	31.11	24.27	16.58	14.93
EBIT	278.84	155	196.52	-141.38	-6.29	2.07
EBIT Margin	16.59%	9.91%	16.52%	-16.37%	-0.92%	0.39%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).