NASDAQ$AXON
Axon Enterprise Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Axon's Q3 2020 earnings were marked by a 27% revenue increase, ARR exceeding $200 million, and a 56% surge in total bookings.
Axon reported a strong Q3 2020, with revenue growth of 27% year-over-year. Annual recurring revenue (ARR) topped $200 million, and total bookings increased by 56% year-over-year. The company is on track to exceed its original 2020 financial targets.
- Revenue grew by 27% year over year.
- ARR topped $200 million with 44% growth.
- Total bookings increased by 56% year over year.
- Federal bookings increased 400% year over year, driven by targeted investments in the US federal law enforcement channel.
Headline financials
Revenue & EPS history
Axon · Revenue · Quarterly
$166M
Revenue by segment
Axon · $84.4M total across 1 segment · Q3 2020
- TASER$84.4M+17.7%100.0%
Forward guidance
Axon provided revenue and Adjusted EBITDA guidance for Q4 2020 and initial revenue and Adjusted EBITDA guidance for 2021.
Tailwinds
- Tracking to Q4 2020 revenue of $175 million to $185 million, implying full-year revenue of $630 million to $640 million.
- Expect fourth quarter gross margins in line with the third quarter.
- Expect to achieve Adjusted EBITDA in Q4 2020 of $30 million to $35 million, implying full-year Adjusted EBITDA of about $122 million to $127 million.
- Initial view of the business in 2021 includes $720 million to $750 million in revenue.
- Initial view of the business in 2021 includes $120 million to $130 million in Adjusted EBITDA.
Headwinds
- The impact of COVID-19 remains fluid, which could bring renewed caution from police departments on budgeting.
- Stock-based compensation expense to be at least $107 million for the full year.
- Difficult to forecast future stock-based compensation expense.
- Reductions in economic activity could bring renewed caution from police departments on budgeting.
- Potential global impacts of the COVID-19 pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+3.4%
Avg return
Earnings day
+6.6%
Avg return
5 days after
+6.7%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+31.3%
Q3 2024
Best reaction
-17.1%
Q4 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +3.1% | +27.9% | |
| Q4 2025 | +1.1% | +29.3% | -2.8% | |
| Q3 2025 | +13.7% | -17.2% | -22.0% | |
| Q1 2025 | +14.2% | +20.4% | +31.6% | |
| Q4 2024 | +15.3% | +5.9% | +7.7% | |
| Q3 2024 | +31.3% | +29.5% | +49.7% | |
| Q2 2024 | +22.0% | +27.6% | +24.0% | |
| Q1 2024 | -1.8% | -4.7% | -11.4% | |
| Q4 2023 | +13.9% | +15.7% | +15.2% | |
| Q3 2023 | +5.9% | +0.5% | +8.5% | |
| Q2 2023 | +11.6% | +17.6% | +20.3% | |
| Q1 2023 | -13.1% | -9.2% | -12.2% | |
| Q4 2022 | +13.4% | +13.3% | +11.7% | |
| Q3 2022 | +15.8% | +23.2% | +15.7% | |
| Q2 2022 | +8.5% | +11.4% | +5.6% | |
| Q1 2022 | -4.0% | +11.8% | +15.0% | |
| Q4 2021 | +9.6% | +16.1% | +8.4% | |
| Q3 2021 | +4.3% | +6.8% | -13.4% | |
| Q2 2021 | +0.8% | -3.8% | -3.3% | |
| Q1 2021 | -4.6% | -6.6% | -0.1% | |
| Q4 2020 | +2.5% | +2.9% | -14.6% | |
| Q3 2020 | +16.7% | +13.3% | +18.2% | |
| Q2 2020 | -9.5% | -14.5% | -10.8% | |
| Q1 2020 | +30.2% | +26.2% | +40.3% | |
| Q4 2019 | -3.8% | -2.9% | -7.5% | |
| Q3 2019 | +25.0% | +22.5% | +37.6% | |
| Q2 2019 | -11.4% | -10.3% | -5.4% | |
| Q1 2019 | -4.9% | -1.0% | +3.3% | |
| Q4 2018 | -4.4% | -6.2% | -7.2% | |
| Q3 2018 | -16.1% | -13.6% | -26.4% | |
| Q2 2018 | -10.6% | -8.1% | +5.1% | |
| Q1 2018 | +21.6% | +27.4% | +41.4% | |
| Q4 2017 | +23.7% | +37.6% | +39.6% | |
| Q3 2017 | -7.7% | -8.9% | +4.8% | |
| Q2 2017 | -10.5% | -13.1% | -16.4% | |
| Q1 2017 | +4.8% | +3.8% | -2.4% | |
| Q4 2016 | -6.7% | -12.5% | -11.0% | |
| Q3 2016 | +19.3% | +22.3% | +6.0% | |
| Q2 2016 | +1.9% | -0.1% | -7.5% | |
| Q1 2016 | +2.9% | — | — | |
| Q4 2015 | +11.2% | — | — | |
| Q3 2015 | -13.8% | — | — | |
| Q2 2015 | -14.1% | — | — | |
| Q1 2015 | +15.3% | — | — | |
| Q4 2014 | -13.2% | — | — | |
| Q3 2014 | +14.4% | — | — | |
| Q2 2014 | +4.9% | — | — | |
| Q1 2014 | -10.7% | — | — | |
| Q4 2013 | +7.3% | — | — | |
| Q3 2013 | +13.5% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +7.8% | — | — | |
| Q4 2012 | -17.1% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | -1.1% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q2 2011 | -2.7% | — | — | |
| Q1 2011 | +4.8% | — | — | |
| Q4 2010 | -4.8% | — | — | |
| Q1 2010 | +6.1% | — | — |
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