Stock Analysis on Net
Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Common-Size Income Statement

Axon Enterprise Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net sales from products 67.35 70.48 73.46 75.25 78.00
Net sales from services 32.65 29.52 26.54 24.75 22.00
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product sales -30.52 -30.13 -32.91 -35.92 -33.17
Cost of service sales -8.24 -7.22 -5.95 -6.20 -5.27
Cost of sales -38.77% -37.35% -38.87% -42.12% -38.44%
Gross margin 61.23% 62.65% 61.13% 57.88% 61.56%
Sales, general and administrative -33.75 -59.65 -45.12 -40.12 -37.35
Research and development -19.65 -22.47 -18.09 -18.97 -18.30
Operating expenses -53.40% -82.12% -63.21% -59.09% -55.64%
Income (loss) from operations 7.84% -19.47% -2.08% -1.20% 5.91%
Interest expense -0.04 0.00 -0.01 -0.01 -0.02
Investment interest income 0.40 0.18 0.60 1.33 0.71
Other income, net 8.32 2.93 0.56 0.28 0.08
Interest and other income, net 8.68% 3.10% 1.15% 1.59% 0.78%
Income (loss) before (provision) benefit for income taxes 16.52% -16.37% -0.92% 0.39% 6.69%
(Provision) benefit for income taxes -4.15 9.42 0.67 -0.22 0.26
Net income (loss) 12.37% -6.95% -0.25% 0.17% 6.95%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Axon Enterprise Inc. income (loss) from operations as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Income (loss) before (provision) benefit for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Axon Enterprise Inc. income (loss) before (provision) benefit for income taxes as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Axon Enterprise Inc. net income (loss) as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.