2024 Q3 Form 10-Q Financial Statement

#000106918324000049 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $544.3M $504.1M $374.6M
YoY Change 31.59% 34.57% 31.16%
Cost Of Revenue $213.5M $200.4M $142.5M
YoY Change 34.86% 40.62% 27.62%
Gross Profit $330.7M $303.7M $232.1M
YoY Change 29.57% 30.85% 33.43%
Gross Profit Margin 60.77% 60.25% 61.96%
Selling, General & Admin $192.2M $169.4M $119.9M
YoY Change 55.9% 41.28% 26.23%
% of Gross Profit 58.11% 55.78% 51.66%
Research & Development $114.5M $101.4M $71.94M
YoY Change 48.9% 41.0% 25.01%
% of Gross Profit 34.61% 33.4% 30.99%
Depreciation & Amortization $6.181M $13.00M $7.480M
YoY Change -26.42% 73.8% 20.45%
% of Gross Profit 1.87% 4.28% 3.22%
Operating Expenses $306.7M $270.9M $191.9M
YoY Change 53.21% 41.17% 25.77%
Operating Profit $24.08M $32.87M $40.26M
YoY Change -56.31% -18.34% 88.03%
Interest Expense $10.98M $9.782M -$52.37M
YoY Change -23.28% -118.68% -211.36%
% of Operating Profit 45.59% 29.76% -130.08%
Other Income/Expense, Net $44.51M $7.934M -$62.03M
YoY Change 1055.5% -112.79%
Pretax Income $79.57M $50.59M -$12.11M
YoY Change 14.61% -517.79% -117.69%
Income Tax $12.54M $9.793M -$24.53M
% Of Pretax Income 15.76% 19.36%
Net Earnings $67.03M $40.80M $12.42M
YoY Change 12.84% 228.48% -75.63%
Net Earnings / Revenue 12.31% 8.09% 3.32%
Basic Earnings Per Share $0.89 $0.54 $0.17
Diluted Earnings Per Share $0.86 $0.53 $0.16
COMMON SHARES
Basic Shares Outstanding 75.57M 75.47M 73.89M
Diluted Shares Outstanding 78.08M shares 77.55M 75.78M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $846.7M $674.0M $539.0M
YoY Change 78.29% 25.05% 42.88%
Cash & Equivalents $695.1M $566.5M $474.2M
Short-Term Investments $151.6M $107.6M $64.80M
Other Short-Term Assets $117.6M $122.0M $101.6M
YoY Change 13.29% 20.14% 64.25%
Inventory $272.3M $277.8M $249.8M
Prepaid Expenses
Receivables $885.6M $729.5M $627.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.434B $2.206B $2.113B
YoY Change 7.79% 4.41% 80.6%
LONG-TERM ASSETS
Property, Plant & Equipment $235.9M $215.3M $179.1M
YoY Change 26.17% 20.23% 15.74%
Goodwill $308.5M $307.8M $57.74M
YoY Change 437.93% 433.0%
Intangibles $81.75M $85.57M $21.84M
YoY Change 302.22% 291.86%
Long-Term Investments $387.9M $363.1M $249.1M
YoY Change 61.43% 45.77% -18.75%
Other Assets $190.7M $227.8M $177.9M
YoY Change -1.97% 28.04% -13.09%
Total Long-Term Assets $1.572B $1.537B $964.8M
YoY Change 57.77% 59.28% 26.57%
TOTAL ASSETS
Total Short-Term Assets $2.434B $2.206B $2.113B
Total Long-Term Assets $1.572B $1.537B $964.8M
Total Assets $4.006B $3.742B $3.077B
YoY Change 23.09% 21.61% 59.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.59M $104.1M $72.99M
YoY Change -16.04% 42.59% 20.27%
Accrued Expenses $209.7M $141.6M $118.2M
YoY Change 42.71% 19.85% 24.96%
Deferred Revenue $505.0M $485.9M $412.2M
YoY Change 11.02% 17.87%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $823.2M $766.1M $625.2M
YoY Change 14.68% 22.53% 44.41%
LONG-TERM LIABILITIES
Long-Term Debt $679.5M $678.7M $675.5M
YoY Change 0.47% 0.47%
Other Long-Term Liabilities $20.53M $2.552M $2.843M
YoY Change 593.51% -10.24% -99.07%
Total Long-Term Liabilities $20.53M $2.552M $2.843M
YoY Change 593.51% -10.24% -99.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $823.2M $766.1M $625.2M
Total Long-Term Liabilities $20.53M $2.552M $2.843M
Total Liabilities $1.906B $1.814B $1.632B
YoY Change 9.97% 11.1% 121.08%
SHAREHOLDERS EQUITY
Retained Earnings $676.8M $605.3M $314.6M
YoY Change 80.98% 92.4%
Common Stock $1.588B $1.494B $1.293B
YoY Change 20.68% 15.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $155.9M $155.9M $155.9M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $2.100B $1.929B $1.445B
YoY Change
Total Liabilities & Shareholders Equity $4.006B $3.742B $3.077B
YoY Change 23.09% 21.61% 59.28%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $67.03M $40.80M $12.42M
YoY Change 12.84% 228.48% -75.63%
Depreciation, Depletion And Amortization $6.181M $13.00M $7.480M
YoY Change -26.42% 73.8% 20.45%
Cash From Operating Activities $91.32M $82.76M $42.66M
YoY Change 45.18% 94.02% 120.15%
INVESTING ACTIVITIES
Capital Expenditures $26.47M $11.32M $13.20M
YoY Change 83.83% -14.25% -202.99%
Acquisitions
YoY Change
Other Investing Activities $69.54M $93.46M $167.1M
YoY Change -164.63% -44.08% -195.16%
Cash From Investing Activities $43.07M $82.14M $153.9M
YoY Change -135.3% -46.64% -181.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.713M -2.185M 14.26M
YoY Change 7.13% -115.32% -1627.19%
NET CHANGE
Cash From Operating Activities 91.32M 82.76M 42.66M
Cash From Investing Activities 43.07M 82.14M 153.9M
Cash From Financing Activities -7.713M -2.185M 14.26M
Net Change In Cash 126.7M 162.7M 210.9M
YoY Change -291.07% -22.83% -224.03%
FREE CASH FLOW
Cash From Operating Activities $91.32M $82.76M $42.66M
Capital Expenditures $26.47M $11.32M $13.20M
Free Cash Flow $64.85M $71.45M $29.46M
YoY Change 33.71% 142.54% -8.5%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12420000
us-gaap Net Income Loss
NetIncomeLoss
174015000
us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2727000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-557000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3528000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1119000
CY2024Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
119000
CY2023Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-850000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
13000
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-666000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
170500000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
58012000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1612034000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
-2710000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
75115000
CY2024Q1 axon Adjustments To Additional Paid In Capital Replacement Awards Issued In Connection With Acquisitions
AdjustmentsToAdditionalPaidInCapitalReplacementAwardsIssuedInConnectionWithAcquisitions
1265000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
133218000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
-2185000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
74821000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
-34841000
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34350000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
-62214000
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
157000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
31891000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12420000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1407000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1444998000
us-gaap Profit Loss
ProfitLoss
174015000
us-gaap Profit Loss
ProfitLoss
57559000
us-gaap Share Based Compensation
ShareBasedCompensation
149936000
us-gaap Share Based Compensation
ShareBasedCompensation
66241000
us-gaap Gain Loss On Investments
GainLossOnInvestments
105386000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-46342000
axon Gain On Remeasurement Of Previously Held Minority Interest
GainOnRemeasurementOfPreviouslyHeldMinorityInterest
42313000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24564000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14169000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-8387000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-8036000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7755000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-37605000
axon Non Cash Lease Expense
NonCashLeaseExpense
3516000
axon Non Cash Lease Expense
NonCashLeaseExpense
2978000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1565000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1531000
axon Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
924000
axon Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
2867000
us-gaap Other Noncash Expense
OtherNoncashExpense
4165000
us-gaap Other Noncash Expense
OtherNoncashExpense
1457000
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
60513000
us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
102205000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8116000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
43585000
axon Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
4252000
axon Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
49290000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-35976000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-12067000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
69886000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66825000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13667000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
414361000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
246049000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
664358000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
381082000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27512000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21650000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
187000
axon Payments To Acquire Equity Securities Without Readily Determinable Fair Value
PaymentsToAcquireEquitySecuritiesWithoutReadilyDeterminableFairValue
76628000
axon Payments To Acquire Equity Securities Without Readily Determinable Fair Value
PaymentsToAcquireEquitySecuritiesWithoutReadilyDeterminableFairValue
10917000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
237796000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21026000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-91905000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
81256000
axon Net Proceeds From Equity Offering
NetProceedsFromEquityOffering
94806000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
54503000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4895000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
97055000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4895000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52254000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2086000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
806000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
120649000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
600670000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355552000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
568609000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
476201000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
566452000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
474203000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2157000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1998000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
568609000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
476201000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
47399000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25052000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5299000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
750000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
40797000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12420000
us-gaap Net Income Loss
NetIncomeLoss
174015000
us-gaap Net Income Loss
NetIncomeLoss
57559000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75511000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74224000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75433000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73435000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1334000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1556000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1289000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1399000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
705000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
624000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77550000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75780000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77346000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74834000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10106000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6163000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10188000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6169000
axon Warranty Period After Purchase Of Product
WarrantyPeriodAfterPurchaseOfProduct
P1Y
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7374000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
811000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3672000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
514000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1813000
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3143000
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5515000
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3440000
CY2024Q2 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
8100000
CY2023Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
7600000
CY2024Q2 axon Debt Instrument Principal Amount Denomination For Fair Value Calculation
DebtInstrumentPrincipalAmountDenominationForFairValueCalculation
1000
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
2200000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
2100000
CY2024Q2 axon Restricted Cash Including Prepaid Expenses And Other Assets
RestrictedCashIncludingPrepaidExpensesAndOtherAssets
2100000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Reclassification of Prior Year Presentation</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications are not material and had no effect on the reported results of operations.</p>
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
504099000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
374605000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
964835000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
717648000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
504099000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
374605000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
964835000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
717648000
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
450638000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
777293000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
327266000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
485869000
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
291424000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
777293000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
491691000
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
281852000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
773543000
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
485869000
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
291424000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
777293000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
491691000
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
281852000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
773543000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7400000000
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1059333000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
17552000
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
413000
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1076472000
CY2024Q2 axon Cash Cash Equivalent And Investments Amortized Cost
CashCashEquivalentAndInvestmentsAmortizedCost
566452000
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
107550000
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
402470000
us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
345500000
us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
345500000
CY2024Q2 axon Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerUnrealizedLosses
14900000
CY2024Q2 axon Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Gross Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerGrossUnrealizedLosses
100000
CY2024Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
7800000
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
29600000
CY2023Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
10000000.0
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
25600000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1333022000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
158000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
12641000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1320539000
CY2023Q4 axon Cash Cash Equivalent And Investments Amortized Cost
CashCashEquivalentAndInvestmentsAmortizedCost
598545000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
77940000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
644054000
CY2023 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
420400000
CY2023Q4 axon Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerUnrealizedLosses
138800000
CY2023Q4 axon Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Gross Unrealized Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerGrossUnrealizedLosses
300000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3966000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2241000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
470000
axon Allowance For Doubtful Accounts Receivable Other
AllowanceForDoubtfulAccountsReceivableOther
-15000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5752000
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3258000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2392000
CY2024Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
2445000
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
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us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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