AXON - Axon Enterprise Is Expanding Gross Margin
Growth companies frequently spend profits to expand their market share, but when a more mature company posts a loss, investors take note. Axon Enterprise (NASDAQ: AXON) , founded in 1993, has been riding a wave of growth driven by the subscription revenue from its software and sensors business segment, but the company posted a loss in its most recent quarter. On a Fool Live episode recorded on July 14 , Fool contributors Brian Feroldi and Toby Bordelon discuss the company's recent results, its expanding gross margin, and why its bottom line was underwater.
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Axon Enterprise Is Expanding Gross Margin