Axon Enterprise, Inc. (AXON, Financial), well-known for its TASER devices and body-worn cameras, is set to release its Q3 2024 earnings on November 7. As demand for public safety technology and cloud-based solutions continues to grow, investors are watching closely to see how Axon is capturing new market opportunities and driving sustained growth.
Earnings Preview for Axon
Analysts expect Axon to report revenue of approximately $525 million for the quarter, a 27% year-over-year increase, reflecting robust demand across its product lines. Earnings per share (EPS) are projected at around $1.20, up from $0.78 last year. This profitability boost signals Axon’s ability to balance growth investments with disciplined cost management.
Key metrics to watch include Axon’s recurring revenue, especially from its subscription-based services, as this high-margin revenue is pivotal for generating stable cash flow and supporting long-term growth. Another focus is Axon’s international expansion, as increased revenue outside the U.S. demonstrates progress in diversifying its client base and tapping into global demand.
Investors will also monitor product adoption rates and backlog size, particularly for new releases, as these reflect market interest and set the stage for future revenue. Finally, a net revenue retention rate above 120% will indicate Axon’s effectiveness in expanding customer value, supporting both client retention and increased spending.
