Axon Enterprise (AAXN) Tops Q3 EPS by 7c

Axon Enterprise (NASDAQ: AAXN) reported Q3 EPS of $0.20, $0.07 better than the analyst estimate of $0.13. Revenue for the quarter came in at $104.8 million versus the consensus estimate of $103.06 million.

GUIDANCE:

• We are providing the following updated guidance for the full year ending December 31, 2018:
• Maintaining revenue growth guidance of 18% to 20%.
  • Based on current Q4 business trends, we are tracking to achieve the midpoint of our full year guidance range.
  • We expect TASER 7 to contribute modestly to Q4 2018 and to be a significant growth driver beginning in 2019.
• Reiterating Adjusted EBITDA margin guidance of 14% to 16%, which compares to Adjusted EBITDA margin of 11.6% in 2017.
  • The Adjusted EBITDA margin guidance range includes the impact of cost absorption related to a large domestic customer transitioning from VIEVU cameras to Axon Body 2 cameras, beginning in Q4 2018.
• A normalized tax rate of 20% to 25%, which can fluctuate depending on geography of income and the effects of discrete items, including changes in our stock price; and
• Capital expenditures in the range of $10 million to $12 million.

For earnings history and earnings-related data on Axon Enterprise (AAXN) click here.

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