Company Summary: Axon Enterprise, Inc.

Overview

• Industry: Public safety technology
• Mission: Build the public safety operating system to modernize law enforcement and enhance safety across federal, state, local agencies, corrections, justice, and enterprise security.
• Core Goal: Reduce gun-related deaths between police and the public in the U.S. by half by 2033.

Product Portfolio

• Hardware Devices:
  • Body cameras
  • In-car (vehicle) cameras
  • TASER conducted energy devices (CEDs)
  • Drones and robotic security systems
  • Signal technology for remote control and integration
• Software Solutions:
  • Cloud-based digital evidence management (e.g., Axon Evidence)
  • Productivity tools (e.g., Axon Records with AI)
  • Real-time operations software (e.g., Axon Respond)
  • AI-enhanced analytics and reporting
  • Virtual Reality (VR) training modules
  • End-to-end drone management and drone program software (e.g., Axon Air)
  • Counter-drone solutions (via Dedrone acquisition)
• Services:
  • Subscription-based cloud services
  • Professional training (VR and virtual instructor-led)
  • Extended warranties and professional support

Customers

• Primary Customer Segments:
  • U.S. federal, state, and local law enforcement agencies
  • U.S. military
  • International government entities
  • Corrections and emergency services
  • Private security, legal professionals, and consumers (for personal safety devices)
• Distribution:
  • Mostly direct sales via company sales force and online stores
  • Channels also include third-party resellers and distribution partners
• Customer Base:
  • No single customer has accounted for more than 10% of sales in recent years
  • Over 4,100 full-time employees and 870 temporary/contract employees as of December 31, 2024

Financial Highlights

• Revenue:
  • For the year-ended December 31, 2024: $2.1 billion
  • Up 33.4% from $1.56 billion in 2023
• Net Income:
  • For 2024: $377.0 million
  • For 2023: $175.8 million
• Market Capitalization:
  • As of June 30, 2024, approximately $21.8 billion based on stock price
• Shares Outstanding:
  • 76,623,266 common shares as of February 24, 2025

Strategic Initiatives & Segments

• Segments:
  • Software and Sensors: Digital evidence, body cams, in-car systems, integrated hardware/software
  • TASER: Conducted energy devices (less-than-lethal tools), training content, and accessories
• Recent Organizational Change:
  • Moving from separate TASER and Software & Sensors segments to Connected Devices (hardware) and Software & Services (software/cloud offerings) for better transparency and performance tracking, effective Q1 2025

Notable Operations & Locations

• Headquarters: Scottsdale, Arizona
• Major Offices: Seattle, WA; San Francisco, CA; Boston, MA; Atlanta, GA; Sterling, VA
• Global Presence: Offices in Australia, Belgium, Canada, Finland, France, Germany, Greece, India, Italy, Netherlands, Spain, UK, Vietnam

Key Metrics

• Annual Recurring Revenue (ARR): ~$1.0 billion as of December 31, 2024
• Product Focus:
  • Hardware (body cameras, TASERs, drones)
  • Cloud software (Evidence management, real-time operations, AI tools)
  • VR training and counter-drone solutions

Additional Context

• Heavy investment in R&D and software innovation
• Growing international footprint with diversified customer funding sources
• Emphasis on safety, privacy, and compliance with U.S. and foreign regulations
• No current dividends paid; stock repurchase program active but no shares bought in 2024

This summarizes Axon’s core business activities, products, revenue, employees, and strategic focus as of the date of the latest filings.