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Source: Axon Enterprises

“We’ve just completed a pivotal year where we changed our company name from TASER International to Axon Enterprise (Axon) to better reflect our go-forward mission and made significant investments to drive progress within our four strategic growth areas. We don’t intend to slow down in 2018. This year, we plan to introduce several new products and services and improve upon our existing suite of offerings – which we believe will grow recurring cash flows and increase average revenue per user. We’re also scaling up our offices across the world and cross-pollinating our internal groups to ensure we execute against one vision for Axon. In short, we are focused on disciplined execution and preparing for significant growth across the globe.”

— Rick Smith, CEO

Axon Reports Record Revenue of $95 million for Q4 2017 and $344 million for FY 2017

Following Axon Enterprises (AAXNS) Q4 quarterly update to shareholders on February 27th, 2018, Axon’s stock jumped from $27.25 to $39.35 per share, outperforming the market by more than 36%. Upon examining the drivers behind this impressive growth that occurred within the past month, the quarterly update to shareholders provides the following highlights and updates that shed light on the stock event:

Axon recorded annual revenue of $344 million, up 28% from 2016 and $82 million of cash and short-term investments and zero debt at December 31st, 2017.
Introduces 2018 financial guidance, including 16%-18% revenue growth and 300-400 basis points of operating margin expansion.
Net Sales increased 15% to $94.7 million in Q4 compared to

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