AAXN - Axon: Increasing Law Enforcement Transparency And Efficiency

Investment Thesis

Axon (AAXN) is a leading provider of Tasers, connected cameras, and various cloud-based software solutions designed to promote law enforcement transparency, accountability, and efficiency. And as citizens around the world demand police reform, and law enforcement agencies seek to use budgets more efficiently, Axon is well-positioned to capture value.

My investment thesis can be summarized in three points:

1. Axon's network of connected cameras and software is larger than any of its competitors'. This scale gives Axon a cost advantage.

2. Axon's total addressable market has expanded to ~$27 billion due