Overview

• Axon reported third-quarter earnings of $1.45 per share, surpassing expectations of $1.20, with revenue reaching $544.3 million.
• The company's shares rose nearly 29% on Friday, hitting a new 52-week high and more than doubling in value year-to-date.
• Taser sales increased by 36%, while software and services sales rose by 29%, reflecting strong demand across Axon's product range.
• Axon upgraded its full-year revenue forecast to $2.07 billion, up from previous estimates, and anticipates adjusted EBITDA of $510 million.
• The company is expanding its product offerings, including a new artificial intelligence initiative, and continues to navigate regulatory challenges.