AXON provides equipment, training, and related services for personal defense, including TASER devices, body cameras, training, and more, along with digital evidence solutions. Its customers are primarily law enforcement agencies. The business is growing as greater adoption of its software, acquisitions, and new lines of business, like drones, open more possibilities for the company.
Financially, AXON’s first-quarter fiscal 2025 report showed a 31% jump in year-over-year revenue, to $604 million. Annual recurring revenue was $1.1 billion, marking a 34% jump from the year prior. Adjusted gross margin was 63.6% and the company guided higher, indicating 2025 revenue will be up to $2.7 billion and adjusted EBITDA up to $675 million.