Axon enterprise, inc. (AAXN)
Income statement / TTM
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

562,212

530,860

473,800

447,799

434,663

420,068

399,928

385,354

365,771

343,798

331,224

312,844

291,957

268,245

242,209

220,703

208,660

197,892

188,667

182,640

173,102

164,525

157,734

148,582

143,582

137,831

129,922

123,498

119,545

114,753

0

0

0

-

-

-

-

-

-

Cost of sales

235,235

223,574

193,808

182,343

171,624

161,485

143,675

144,969

142,892

136,710

137,382

122,202

109,653

97,709

84,455

78,446

72,979

69,245

69,595

65,923

63,894

62,977

58,045

55,510

53,982

51,988

50,464

49,333

48,620

47,038

0

0

0

-

-

-

-

-

-

Gross margin

326,977

307,286

279,992

265,456

263,039

258,583

256,253

240,385

222,879

207,088

193,842

190,642

182,304

170,536

157,754

142,257

135,681

128,647

119,072

116,717

109,208

101,548

99,689

93,072

89,600

85,843

79,457

74,164

70,924

67,715

55,521

51,822

47,561

44,529

47,969

44,496

0

0

0

Operating expenses:
Sales, general and administrative

233,094

212,959

176,777

168,038

164,019

156,886

154,400

151,113

143,594

138,692

129,822

121,545

114,100

108,076

99,189

88,902

79,966

69,698

62,266

56,873

54,977

54,158

51,393

51,728

49,122

46,557

47,346

44,110

41,573

39,247

36,910

36,847

37,508

38,001

37,305

37,817

0

0

0

Research and development

103,748

100,721

93,230

90,083

85,091

76,856

71,357

63,541

58,029

55,373

49,232

42,424

36,145

30,609

27,617

26,787

25,983

23,614

21,057

18,288

15,837

14,885

14,264

12,944

11,481

9,888

8,426

7,972

8,019

8,139

8,237

8,614

9,368

9,989

9,594

10,286

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

0

0

Total operating expenses

336,842

313,680

270,007

258,121

249,110

233,742

225,757

214,654

201,623

194,065

179,054

163,969

150,245

138,685

126,806

115,689

105,949

93,312

83,323

75,161

70,814

69,043

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation judgment recovery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

Loss on impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Income (loss) from operations

-9,865

-6,394

9,985

7,335

13,929

24,841

30,496

25,731

21,256

13,023

14,788

26,673

32,059

31,851

30,948

26,568

29,732

35,335

35,749

41,556

38,394

32,505

32,582

26,950

27,547

27,948

23,684

22,081

21,330

22,529

10,569

6,504

-4,571

-10,916

-4,419

-9,066

0

0

0

Interest and other income, net

7,092

8,464

6,999

6,453

4,313

3,263

1,660

1,816

3,795

2,738

3,426

1,541

-266

-354

-446

-13

209

26

-94

-232

-289

-194

-33

162

139

86

88

64

53

83

9

12

1,267

1,287

1,313

1,304

0

0

0

Income before provision for income taxes

-2,773

2,070

16,984

13,788

18,242

28,104

32,156

27,547

25,051

15,761

18,214

28,214

31,793

31,497

30,502

26,555

29,941

35,361

35,655

41,324

38,105

32,311

32,549

27,112

27,686

28,034

23,773

22,145

21,383

22,612

10,578

6,517

-3,303

-9,629

-3,105

-7,762

0

0

0

Benefit from income taxes

-1,310

1,188

1,640

-1,163

-4,456

-1,101

7,105

7,785

11,498

10,554

4,595

11,174

13,379

14,200

14,442

12,817

13,750

15,428

15,741

15,373

14,373

12,393

12,341

9,348

9,349

9,790

7,089

6,898

7,151

7,874

5,556

4,036

-47

-2,589

369

-1,792

0

0

0

Net income

-1,463

882

15,344

14,951

22,698

29,205

25,051

19,762

13,553

5,207

13,619

17,040

18,414

17,297

16,060

13,738

16,191

19,933

19,914

25,951

23,732

19,918

20,208

17,764

18,337

18,244

16,684

15,246

14,232

14,738

5,021

2,481

-3,255

-7,040

-3,474

-5,969

0

0

0

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

-1,463

882

15,344

14,951

22,698

29,205

25,051

19,762

13,553

5,207

13,619

17,040

18,414

17,297

16,060

13,738

16,191

19,933

19,914

25,951

23,732

19,918

20,208

17,764

18,337

18,244

16,684

15,246

14,232

14,738

5,021

2,481

-3,255

-7,040

-3,474

-5,969

0

0

0

Foreign currency translation adjustments

-2,005

417

-172

-52

711

-46

-418

-1,871

-3,242

-2,370

-1,611

10

751

820

357

181

164

19

48

148

145

66

26

133

83

55

47

-18

6

24

27

-47

-24

-45

0

0

0

-

-

Comprehensive income

-3,468

1,299

15,172

14,899

23,409

29,159

24,633

17,891

10,311

2,837

12,008

17,050

19,165

18,117

16,417

13,919

16,355

19,952

19,962

26,099

23,877

19,984

20,234

17,897

18,420

18,299

16,731

15,228

14,238

14,762

5,009

2,393

-3,321

-7,085

0

0

0

-

-

Product
Net sales

418,673

399,474

353,994

338,420

334,750

327,635

316,126

309,188

299,342

285,859

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89,782

84,519

0

0

0

Cost of sales

199,967

190,683

163,128

153,636

146,503

139,337

122,654

124,274

123,359

117,997

115,481

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,812

40,022

0

0

0

Service
Net sales

143,539

131,386

119,806

109,379

99,913

92,433

83,802

76,166

66,429

57,939

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

35,268

32,891

30,680

28,707

25,121

22,148

21,021

20,695

19,533

18,713

14,911

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-