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AI brief of an SEC Form 8-K · Axon Enterprise (AXON)

Axon Q3 revenue rises 32% to $544 million and full-year revenue outlook is raised

Positive Impact 4 of 5 guidance Written later

Axon reported third-quarter 2024 revenue of $544 million, up 32% from a year earlier, and net income of $67 million, or $0.86 per diluted share. The company raised its full-year 2024 revenue outlook to approximately $2.07 billion from a prior range of $2.00 billion to $2.05 billion, and its full-year Adjusted EBITDA outlook to approximately $510 million from $460 million to $475 million.

Key points

  • Q3 2024 revenue was $544 million, up 32% year over year; Axon Cloud & Services revenue rose 36% to $203 million.
  • Full-year 2024 revenue outlook raised to approximately $2.07 billion; full-year Adjusted EBITDA outlook raised to approximately $510 million.
  • Operating profit fell to $24 million from $57 million, mainly due to higher stock-based compensation expense of $102 million.
  • Net income was $67 million, or $0.86 per diluted share; non-GAAP net income was $113 million, or $1.45 per diluted share.

The filing

CompanyAxon Enterprise (AXON)
Form8-K, current report
Filed with the SECNov 7, 2024, 4:45 PM ET
Accession number0001069183-24-000055

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.