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Taser Maker Axon Enterprise’s Stock Soars on Strong Earnings, Outlook
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Key Points
- Axon Enterprise released fourth-quarter earnings, which is analyst estimates.
- Taser Maker also offers a strong demand for defense products.
- After the stock of axon soared, it turned out to soar, nearly doubled its value last year.
Axon Enterprise(Axons) Stocks soared Wednesday, with the company’s revenue exceeding expectations and the prospect of growing demand for TASER 10 weapons, camcorders and premium subscriptions.
Defense products manufacturers released adjusted earnings per share (EPS) at $2.08, which is higher than the analyst estimates of the visible Alpha compilation. Revenue rose 33.6% year-on-year to $575.1 million, which is also more than expected.
Taser revenue rose 37.1% to $221.2 million, while Axon’s Cloud & Services division jumped 40.6% to $230.3 million, and sensors and other revenues rose 17.5% to $123.6 million.
Axon says it can be adjusted for a whole year Income before interest, taxes, depreciation and amortization (EBITDA) $640 million to $670 million, with sales of $2.55 billion to $2.65 billion. Analysts have been looking for adjusted EBITDA of $654 million with sales of $2.57 billion.
Axon Enterprise shares rose nearly 17% in trading Wednesday afternoon, nearly doubled their value.
TradingView
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