Axon Enterprise Inc

Strong Financial Performance: Axon reported Q4 revenue of $575 million, marking a 34% year-over-year growth and achieving $2 billion in total revenue for the full year 2024, nearly doubling from two years ago. The company has sustained over 30% growth for three consecutive years, reflecting its ability to deliver value to customers.

Future Guidance and Growth Expectations: For 2025, Axon expects revenue between $2.55 billion and $2.65 billion, indicating approximately 25% annual growth at the midpoint. They also project adjusted EBITDA of $640 million to $670 million, maintaining a 25% margin. This consistent growth trajectory sets a strong foundation for future expansion.

Record Bookings and Market Expansion: Axon booked over $5 billion in business for 2024, with demand particularly strong for TASER 10, which has orders that are 2x those of TASER 7. Emerging markets and sectors, such as international and enterprise markets, showed significant growth, with bookings in international markets increasing nearly 50% sequentially in Q4.