AXON - Axon Enterprise EPS beats by $0.15 beats on revenue updates full year guidance

Axon Enterprise (NASDAQ:AXON): Q2 Non-GAAP EPS of $0.38 beats by $0.15; GAAP EPS of -$0.72 misses by $0.61. Revenue of $219M (+55.0% Y/Y) beats by $43.84M. The company expects to achieve revenue in the range of $825 million to $850 million vs. consensus of $806.85M, which compares with our previous expectation of $780 million to $820 million communicated in May. We are raising our expectations for Adjusted EBITDA to a range of $155 million to $160 million, from $140 million to $150 million previously; expects stock-based compensation expense to be more than $275 million for the full year; capital expenditures of approximately $65 million to $70 million in 2021 are unchanged. Press Release

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Axon Enterprise EPS beats by $0.15, beats on revenue, updates full year guidance