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
Quarterly Data

Axon Enterprise Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net sales from products 63.95 63.88 67.49 70.04 68.72 66.83 71.47 71.49 72.24 76.99 72.15 69.91 72.90 78.26 73.75 71.55 76.06 77.55 77.19 77.32 80.00
Net sales from services 36.05 36.12 32.51 29.96 31.28 33.17 28.53 28.51 27.76 23.01 27.85 30.09 27.10 21.74 26.25 28.45 23.94 22.45 22.81 22.68 20.00
Net sales 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product sales -31.36 -30.54 -30.06 -30.64 -30.95 -29.80 -30.75 -29.85 -30.06 -32.56 -34.73 -31.02 -33.22 -40.98 -32.44 -34.02 -34.19 -37.34 -31.43 -31.33 -32.04
Cost of service sales -9.14 -8.28 -7.95 -8.45 -8.32 -8.12 -6.93 -7.11 -6.69 -4.96 -6.25 -6.55 -6.57 -5.12 -6.28 -7.64 -6.30 -5.73 -5.96 -5.03 -4.27
Cost of sales -40.50% -38.81% -38.01% -39.09% -39.27% -37.93% -37.68% -36.96% -36.75% -37.51% -40.98% -37.58% -39.79% -46.09% -38.73% -41.65% -40.49% -43.07% -37.39% -36.36% -36.31%
Gross margin 59.50% 61.19% 61.99% 60.91% 60.73% 62.07% 62.32% 63.04% 63.25% 62.49% 59.02% 62.42% 60.21% 53.91% 61.27% 58.35% 59.51% 56.93% 62.61% 63.64% 63.69%
Sales, general and administrative -33.98 -34.04 -32.73 -33.26 -35.15 -51.22 -42.80 -81.20 -64.92 -43.13 -44.73 -51.18 -42.83 -45.55 -37.01 -38.59 -37.04 -36.67 -37.85 -39.65 -35.33
Research and development -20.68 -20.44 -18.97 -20.15 -18.88 -23.29 -18.27 -24.66 -24.11 -16.81 -17.57 -20.93 -17.93 -16.73 -19.21 -20.91 -20.17 -18.52 -20.97 -18.65 -14.94
Operating expenses -54.66% -54.48% -51.69% -53.41% -54.03% -74.51% -61.07% -105.86% -89.02% -59.93% -62.30% -72.10% -60.75% -62.28% -56.22% -59.50% -57.20% -55.19% -58.82% -58.30% -50.27%
Income (loss) from operations 4.84% 6.71% 10.30% 7.50% 6.71% -12.44% 1.25% -42.82% -25.77% 2.55% -3.27% -9.68% -0.54% -8.37% 5.06% -1.15% 2.31% 1.74% 3.78% 5.34% 13.42%
Interest and other income (expense), net 7.37 3.63 -3.61 16.46 21.57 -4.66 -2.38 19.12 0.30 1.44 1.23 1.14 0.64 1.45 1.39 1.64 2.00 0.89 1.22 -0.30 1.25
Income (loss) before (provision for) benefit from income taxes 12.21% 10.33% 6.69% 23.96% 28.27% -17.10% -1.14% -23.70% -25.47% 4.00% -2.05% -8.54% 0.10% -6.92% 6.45% 0.49% 4.30% 2.63% 5.00% 5.04% 14.67%
(Provision for) benefit from income taxes 0.95 -1.65 -2.80 -6.12 -6.87 10.90 22.05 2.16 0.90 7.43 1.52 -13.24 2.67 -0.28 -1.78 0.17 1.24 -0.81 0.45 3.51 -1.90
Net income (loss) 13.16% 8.68% 3.89% 17.84% 21.40% -6.21% 20.92% -21.53% -24.57% 11.42% -0.52% -21.77% 2.77% -7.20% 4.67% 0.66% 5.54% 1.81% 5.45% 8.55% 12.77%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Income (loss) before (provision for) benefit from 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 for) benefit from income taxes as a percentage of net sales increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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 increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.