Axon enterprise, inc. (AAXN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

147,162

171,851

130,837

112,362

115,810

114,791

104,836

99,226

101,215

94,651

90,262

79,643

79,242

82,077

71,882

58,756

55,530

56,041

50,376

46,713

44,762

46,816

44,349

37,175

36,185

40,025

35,197

32,175

30,434

32,116

28,772

28,222

25,641

-

-

-

-

-

-

Cost of sales

58,554

79,211

50,668

46,802

46,893

49,445

39,203

36,083

36,754

31,635

40,497

34,006

30,572

32,307

25,317

21,457

18,628

19,053

19,308

15,990

14,894

19,403

15,636

13,961

13,977

14,471

13,101

12,433

11,983

12,947

11,969

11,720

10,400

-

-

-

-

-

-

Gross margin

88,608

92,640

80,169

65,560

68,917

65,346

65,633

63,143

64,461

63,016

49,765

45,637

48,670

49,770

46,565

37,299

36,902

36,988

31,068

30,723

29,868

27,413

28,713

23,214

22,208

25,554

22,096

19,742

18,451

19,168

16,803

16,502

15,241

6,974

13,103

12,241

12,208

10,415

9,630

Operating expenses:
Sales, general and administrative

63,027

78,281

48,424

43,362

42,892

42,099

39,685

39,343

35,759

39,613

36,398

31,824

30,857

30,743

28,121

24,379

24,833

21,856

17,834

15,443

14,565

14,424

12,441

13,547

13,746

11,659

12,776

10,941

11,181

12,448

9,539

8,404

8,854

10,111

9,477

9,065

9,346

9,416

9,988

Research and development

26,381

28,745

25,129

23,493

23,354

21,254

21,982

18,501

15,119

15,755

14,166

12,989

12,463

9,614

7,358

6,710

6,927

6,622

6,528

5,906

4,558

4,065

3,759

3,455

3,606

3,444

2,439

1,992

2,013

1,982

1,985

2,038

2,132

2,080

2,362

2,793

2,752

1,686

3,055

(Gain) loss on write down / disposal of property and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-47

-747

-

-37

-22

Total operating expenses

89,408

107,026

73,553

66,855

66,246

63,353

61,667

57,844

50,878

55,368

50,564

44,813

43,320

40,357

35,479

31,089

31,760

28,478

24,362

21,349

19,123

18,489

16,200

17,002

17,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation judgment recovery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,200

-

-

3,301

-

-

-

Loss on impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

1,350

-

-

-

Income (loss) from operations

-800

-14,386

6,616

-1,295

2,671

1,993

3,966

5,299

13,583

7,648

-799

824

5,350

9,413

11,086

6,210

5,142

8,510

6,706

9,374

10,745

8,924

12,513

6,212

4,856

9,001

6,881

6,809

5,257

4,737

5,277

6,058

6,455

-7,221

1,212

-5,016

110

-724

-3,435

Interest and other income, net

941

2,486

1,820

1,845

2,313

1,021

1,274

-295

1,263

-582

1,430

1,684

206

106

-455

-123

118

14

-22

99

-65

-106

-160

42

30

55

35

19

-23

57

11

7

6

-16

15

1,261

26

10

6

Income before provision for income taxes

141

-11,900

8,436

550

4,984

3,014

5,240

5,004

14,846

7,066

631

2,508

5,556

9,519

10,631

6,087

5,260

8,524

6,684

9,473

10,680

8,818

12,353

6,254

4,886

9,056

6,916

6,828

5,234

4,795

5,288

6,066

6,462

-7,238

1,227

-3,754

136

-714

-3,429

Benefit from income taxes

-3,933

479

2,332

-188

-1,435

931

-471

-3,481

1,920

9,137

209

232

976

3,178

6,788

2,437

1,797

3,420

5,163

3,370

3,475

3,733

4,795

2,370

1,495

3,681

1,802

2,371

1,936

980

1,611

2,623

2,658

-1,337

91

-1,459

116

1,621

-2,070

Net income

4,074

-12,379

6,104

738

6,419

2,083

5,711

8,485

12,926

-2,071

422

2,276

4,580

6,341

3,843

3,650

3,463

5,104

1,521

6,103

7,205

5,085

7,558

3,884

3,391

5,375

5,114

4,457

3,298

3,815

3,676

3,442

3,803

-5,901

1,136

-2,294

19

-2,335

-1,359

Net income per common and common equivalent shares:
Basic (in dollars per share)

0.07

-0.21

0.10

0.01

0.11

0.03

0.10

0.15

0.24

-0.04

0.01

0.04

0.09

0.13

0.07

0.07

0.06

0.09

0.03

0.11

0.14

0.11

0.14

0.07

0.06

0.10

0.10

0.09

0.06

0.07

0.07

0.06

0.07

-0.10

0.02

-0.04

0.00

-0.04

-0.02

Diluted (in dollars per share)

0.07

-0.21

0.10

0.01

0.11

0.01

0.10

0.15

0.24

-0.04

0.01

0.04

0.09

0.12

0.07

0.07

0.06

0.09

0.03

0.11

0.13

0.10

0.14

0.07

0.06

0.10

0.10

0.08

0.06

0.07

0.07

0.06

0.07

-0.10

0.02

-0.04

0.00

-0.04

-0.02

Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)

59,609

59,381

59,278

59,187

58,914

58,582

58,340

55,527

53,119

52,919

52,831

52,736

52,418

52,289

52,206

52,480

53,693

53,672

53,709

53,644

53,167

52,744

52,475

53,383

53,190

52,323

51,342

51,109

52,746

52,577

52,509

54,520

55,700

55,942

58,787

60,605

62,409

62,342

62,333

Diluted (in shares)

60,394

60,262

60,059

60,000

59,751

60,297

59,805

57,054

54,532

54,302

53,843

53,770

53,677

52,925

53,141

53,289

54,789

54,548

54,691

54,800

54,513

54,300

53,821

54,755

55,124

55,834

53,321

52,853

54,600

54,260

53,106

55,166

56,358

53,851

60,037

60,605

63,250

62,342

62,333

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income

4,074

-12,379

6,104

738

6,419

2,083

5,711

8,485

12,926

-2,071

422

2,276

4,580

6,341

3,843

3,650

3,463

5,104

1,521

6,103

7,205

5,085

7,558

3,884

3,391

5,375

5,114

4,457

3,298

3,815

3,676

3,442

3,803

-5,901

1,136

-2,294

19

-2,335

-1,359

Foreign currency translation adjustments

-2,372

702

-227

-108

50

113

-107

655

-707

-259

-1,560

-716

165

500

61

25

234

37

-115

8

89

66

-15

5

10

26

92

-45

-18

18

25

-20

-0

22

-49

1

-20

-

-

Comprehensive income

1,702

-11,677

5,877

630

6,469

2,196

5,604

9,140

12,219

-2,330

-1,138

1,560

4,745

6,841

3,904

3,675

3,697

5,141

1,406

6,111

7,294

5,151

7,543

3,889

3,401

5,401

5,206

4,412

3,280

3,833

3,702

3,421

3,803

-5,918

1,086

-2,292

39

-

-

Product
Net sales

107,288

134,497

96,497

80,391

88,089

89,017

80,923

76,721

80,974

77,508

73,985

66,875

67,491

-

63,204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,383

21,198

23,116

21,084

19,120

Cost of sales

48,884

70,418

42,445

38,220

39,600

42,863

32,953

31,087

32,434

26,180

34,573

30,172

27,072

-

23,664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,279

8,956

10,908

10,668

9,489

Service
Net sales

39,874

37,354

34,340

31,971

27,721

25,774

23,913

22,505

20,241

17,143

16,277

12,768

11,751

-

8,678

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

9,670

8,793

8,223

8,582

7,293

6,582

6,250

4,996

4,320

5,455

5,924

3,834

3,500

-

1,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-