AXON Q1 2023 Earnings — Axon Enterprise, Inc. Revenue & Financial Results | Market Cap Arena

AXONAxon Enterprise, Inc.

$43B

Q1 2023 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$343M+33.8% YoY

Gross Profit

$204M59.5% margin

Operating Income

$17M4.8% margin

Net Income

$45M13.2% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

-$56M

Free Cash Flow

-$65M

Stock-Based Comp.

$34M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.6B

Stockholders' Equity

$1.4B

Cash & Equivalents

$263M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$343M	$256M	+33.8%
Gross Profit	$204M	$156M	+31.1%
Operating Income	$17M	$17M	-3.4%
Net Income	$45M	$55M	-17.7%

Revenue Segments

Software and Sensors

$209M61%

TASER

$134M39%

Geographic Segments

United States

$291M85%

Other countries

$52M15%