Axon Enterprise is the leading provider of conducted electrical weapons under its TASER brand. The company also sells sensors (mainly body and fleet cameras) and software solutions (evidence management, records, justice discovery, etc.) to its customers. Over its history, Axon has transformed from mainly a hardware provider to a subscriptions based hardware + software solutions provider. In 2023, the company’s Software and Sensors segment accounted for 61% of its $1.56B in revenues. By contrast in 2015, this segment was just 18% of its $198M in revenues.
Impressive article!! Invested in Taser about 2005 around $7. When Rick mentioned body cameras in a conference call a few years later I bought more around $12. Many ups and downs!! A one product company with a lot of wrongful death lawsuits against it. But a much better alternative than a bullet… I have held tight and not sold a share. I plan to visit the new headquarters once built!!
Nice job! I noticed this company back in 2017 when someone published an investment thesis on Seeking Alpha.
Impressive article!! Invested in Taser about 2005 around $7. When Rick mentioned body cameras in a conference call a few years later I bought more around $12. Many ups and downs!! A one product company with a lot of wrongful death lawsuits against it. But a much better alternative than a bullet… I have held tight and not sold a share. I plan to visit the new headquarters once built!!