AAXN - The Real Growth Story for Axon
When Axon (NASDAQ: AAXN) reported better-than-expected earnings late last week, most investors likely viewed the great revenue growth and increased earnings as the most bullish signs for the stock. But if long-term investors look a little further into the company's earnings report, they'll find the real growth story.
Those who have followed Axon for a while will know that the company's trying to sign customers up to long-term contracts for hardware and cloud-based subscription services like Evidence.com. The most expensive of those offerings is $199 per month per officer and includes a body camera, taser, holster, cloud storage, records management, and more. And it's the pace at which customers are signing up for those subscriptions that should keep investors bullish on Axon as a growth stock.
Image source: Axon.