Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Axon Enterprise Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net sales from products	801,388)	608,525)	500,250)	399,474)	327,635)
Net sales from services	388,547)	254,856)	180,753)	131,386)	92,433)
Net sales	1,189,935)	863,381)	681,003)	530,860)	420,068)
Cost of product sales	(363,219)	(260,098)	(224,131)	(190,683)	(139,337)
Cost of service sales	(98,078)	(62,373)	(40,541)	(32,891)	(22,148)
Cost of sales	(461,297)	(322,471)	(264,672)	(223,574)	(161,485)
Gross margin	728,638)	540,910)	416,331)	307,286)	258,583)
Sales, general and administrative	(401,575)	(515,007)	(307,286)	(212,959)	(156,886)
Research and development	(233,810)	(194,026)	(123,195)	(100,721)	(76,856)
Operating expenses	(635,385)	(709,033)	(430,481)	(313,680)	(233,742)
Income (loss) from operations	93,253)	(168,123)	(14,150)	(6,394)	24,841)
Interest expense	(488)	(28)	(55)	(46)	(86)
Investment interest income	4,782)	1,511)	4,086)	7,040)	3,002)
Other income, net	98,971)	25,265)	3,828)	1,470)	347)
Interest and other income, net	103,265)	26,748)	7,859)	8,464)	3,263)
Income (loss) before (provision) benefit for income taxes	196,518)	(141,375)	(6,291)	2,070)	28,104)
(Provision) benefit for income taxes	(49,379)	81,357)	4,567)	(1,188)	1,101)
Net income (loss)	147,139)	(60,018)	(1,724)	882)	29,205)

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).

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Axon Enterprise Inc. (NASDAQ:AXON)

Income Statement