Axon Enterprise (AAXN) Tops Q2 EPS by 14c, Revenues Beat

August 7, 2018 4:02 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Axon Enterprise (NASDAQ: AAXN) reported Q2 EPS of $0.18, $0.14 better than the analyst estimate of $0.04. Revenue for the quarter came in at $99 million versus the consensus estimate of $95.84 million.

  • Revenue of $99 million grew 25% year-over-year.
    • International revenue grew 52% year-over-year to $20 million, driven by strength in Australia, Canada, France, and the UK.
  • Gross margin of 63.6% reflects a strong product mix in weapons and continued Axon Cloud growth, partially offset by low gross margin VIEVU contracts.
  • Operating expenses of $57.8 million were up 14% sequentially. Excluding one-time acquisition and integration costs of $1.4 million associated with the purchase of VIEVU, operating expenses were $56.4 million, up 11% sequentially, driven by continued hiring in R&D (up 22% sequentially) and investments in SG&A (up 6% sequentially excluding one-time acquisition and integration costs) as we scale.
  • GAAP EPS of $0.15 was favorably impacted by $0.06 of discrete tax benefits related to CEO stock option exercises in the quarter. Non-GAAP EPS of $0.18, which excludes $0.06 of discrete tax benefits, grew 100% year-over-year.
  • Adjusted EBITDA of $13.7 million, up 69% year-over-year, and Adjusted EBITDA margin of 13.8%.

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings

Related Entities

Earnings, Definitive Agreement