AXON - Axon raises 2022 guidance names interim CFO

Axon (NASDAQ:AXON) on Wednesday raised its 2022 revenue outlook and affirmed its long-term revenue growth target of 20%+ CAGR. AXON now expects 2022 revenue of $1.05B-1.1B, up 25% Y/Y at the midpoint. Its prior guidance was $1.04B. Consensus revenue estimate is $1.05B. AXON projects 2022 adj. EBITDA of $190M-200M, up from its prior outlook of $185M-195M. The company affirmed its guidance for 2022 adj. free cash flow of ~$125M-145M. AXON also said Jim Zito, SVP of accounting, has been appointed interim CFO, effective immediately. Zito succeeds Jawad Ahsan, who resigned to pursue other opportunities. Ahsan will be available to AXON as needed over the next 2 months to support a smooth transition. AXON has begun a search to identify a permanent CFO and intends to engage an executive search firm for the same.

For further details see:

Axon raises 2022 guidance, names interim CFO