AXON - Axon rises sharply up 24% on Q3 topline surge

Axon Enterprise (NASDAQ:AXON) witnesses a sharp 24% rise in price, a day after Q3 earnings reported revenue of $232M, a 39.4% Y/Y rise, beats consensus by $30.89M. TASER segment revenue of $121M grew 44% year over year driven by strong demand globally for the TASER 7 platform; segment gross margin of 65.8% was up 290 bps Y/Y tied to strong demand combined with the continued benefit of engineered lower build costs Cloud revenue grew 39% Y/Y to $63M; Sensors & Other revenue grew 29% Y/Y to $47M. Annual Recurring Revenue (NYSE:ARR) grew 42% Y/Y to $288.7M. Overall gross margin of 62.3% improved 330 basis points Y/Y, reflecting favorable body camera mix, strong demand for our premium TASER offerings and the continued benefit of engineered lower build costs in our TASER segment. Adjusted EBITDA grew 50% Y/Y to $51M, representing a 21.8% margin on revenue and highlighting our ability to demonstrate leverage while also

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Axon rises sharply, up 24% on Q3 topline surge