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.

Income Statement
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
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 219,389 214,735 210,398 200,051 176,204 145,409 165,803 156,427 140,886 174,116 120,091 98,755 107,288 134,497 96,497 80,391 88,089 89,017 80,923 76,721 80,974
Net sales from services 123,654 121,407 101,356 85,562 80,222 72,169 66,186 62,368 54,133 52,024 46,351 42,504 39,874 37,354 34,340 31,971 27,721 25,774 23,913 22,505 20,241
Net sales 343,043 336,142 311,754 285,613 256,426 217,578 231,989 218,795 195,019 226,140 166,442 141,259 147,162 171,851 130,837 112,362 115,810 114,791 104,836 99,226 101,215
Cost of product sales (107,584) (102,641) (93,724) (87,502) (79,352) (64,845) (71,336) (65,301) (58,616) (73,624) (57,798) (43,825) (48,884) (70,418) (42,445) (38,220) (39,600) (42,863) (32,953) (31,087) (32,434)
Cost of service sales (31,357) (27,822) (24,773) (24,148) (21,335) (17,672) (16,086) (15,565) (13,050) (11,210) (10,404) (9,257) (9,670) (8,793) (8,223) (8,582) (7,293) (6,582) (6,250) (4,996) (4,320)
Cost of sales (138,941) (130,463) (118,497) (111,650) (100,687) (82,517) (87,422) (80,866) (71,666) (84,834) (68,202) (53,082) (58,554) (79,211) (50,668) (46,802) (46,893) (49,445) (39,203) (36,083) (36,754)
Gross margin 204,102 205,679 193,257 173,963 155,739 135,061 144,567 137,929 123,353 141,306 98,240 88,177 88,608 92,640 80,169 65,560 68,917 65,346 65,633 63,143 64,461
Sales, general and administrative (116,567) (114,418) (102,023) (95,005) (90,129) (111,453) (99,295) (177,662) (126,597) (97,523) (74,443) (72,293) (63,027) (78,281) (48,424) (43,362) (42,892) (42,099) (39,685) (39,343) (35,759)
Research and development (70,927) (68,720) (59,127) (57,547) (48,416) (50,674) (42,382) (53,952) (47,018) (38,008) (29,246) (29,560) (26,381) (28,745) (25,129) (23,493) (23,354) (21,254) (21,982) (18,501) (15,119)
Operating expenses (187,494) (183,138) (161,150) (152,552) (138,545) (162,127) (141,677) (231,614) (173,615) (135,531) (103,689) (101,853) (89,408) (107,026) (73,553) (66,855) (66,246) (63,353) (61,667) (57,844) (50,878)
Income (loss) from operations 16,608 22,541 32,107 21,411 17,194 (27,066) 2,890 (93,685) (50,262) 5,775 (5,449) (13,676) (800) (14,386) 6,616 (1,295) 2,671 1,993 3,966 5,299 13,583
Interest and other income (expense), net 25,276 12,189 (11,249) 47,026 55,299 (10,148) (5,530) 41,841 585 3,265 2,040 1,613 941 2,486 1,820 1,845 2,313 1,021 1,274 (295) 1,263
Income (loss) before (provision for) benefit from income taxes 41,884 34,730 20,858 68,437 72,493 (37,214) (2,640) (51,844) (49,677) 9,040 (3,409) (12,063) 141 (11,900) 8,436 550 4,984 3,014 5,240 5,004 14,846
(Provision for) benefit from income taxes 3,255 (5,555) (8,727) (17,475) (17,622) 23,706 51,164 4,727 1,760 16,794 2,536 (18,696) 3,933 (479) (2,332) 188 1,435 (931) 471 3,481 (1,920)
Net income (loss) 45,139 29,175 12,131 50,962 54,871 (13,508) 48,524 (47,117) (47,917) 25,834 (873) (30,759) 4,074 (12,379) 6,104 738 6,419 2,083 5,711 8,485 12,926

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
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Axon Enterprise Inc. net sales increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Axon Enterprise Inc. income (loss) from operations 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 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) increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.