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AXON Financial Statements and Analysis

NASDAQ : AXON

Axon Enterprise, Inc.

$572.40
75.75+15.25%
At Close 4:00 PM
$577.00
4.6+0.80%
After-Market 07:58 PM
58.29
BESG ScoreESG Rating

AXON FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

AXON Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue544.274M504.099M460.736M432.142M413.601M
cost of revenue213.527M200.364M200.69M168.255M158.329M
gross profit330.747M303.735M260.046M263.887M255.272M
gross profit ratio0.6080.6030.5640.6110.617
research and development expenses114.477M101.434M91.097M83.972M76.88M
general and administrative expenses000135.206M0
selling and marketing expenses0001.90M0
selling general and administrative expenses192.189M168.527M152.669M137.106M123.279M
other expenses0-19.00K-733.00K00
operating expenses306.666M269.961M243.766M221.078M200.159M
cost and expenses520.193M470.325M444.456M389.333M358.488M
interest income12.624M11.653M12.13M14.12M12.50M
interest expense1.646M1.871M1.756M1.795M1.80M
depreciation and amortization6.181M13.00M11.564M10.051M8.418M
ebitda87.396M46.774M27.844M52.86M63.531M
ebitda ratio0.1610.0930.0850.1220.154
operating income24.081M33.774M16.28M42.809M55.113M
operating income ratio0.0440.0670.0350.0990.133
total other income expenses net55.488M17.716M149.44M12.993M14.31M
income before tax79.569M50.59M165.72M55.802M69.423M
income before tax ratio0.1460.100.360.1290.168
income tax expense12.544M9.793M32.502M-1.469M10.026M
net income67.025M40.797M133.218M57.271M59.397M
net income ratio0.1230.0810.2890.1330.144
eps0.890.541.770.760.79
eps diluted0.860.531.730.750.78
weighted average shs out75.697M75.511M75.355M75.06M74.826M
weighted average shs out dil78.08M77.55M77.132M76.178M75.952M
Graph

AXON Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents695.144M568.652M403.87M600.545M406.042M
short term investments151.56M510.02M659.906M721.994M784.538M
cash and short term investments846.704M1.079B1.064B1.323B1.191B
net receivables885.585M729.48M742.936M693.469M703.353M
inventory272.295M277.753M271.318M269.855M260.119M
other current assets429.162M122.033M123.677M110.786M103.789M
total current assets2.434B2.206B2.202B2.397B2.258B
property plant equipment net235.881M215.324M209.166M236.688M186.957M
goodwill308.472M307.758M308.47M57.945M57.344M
intangible assets81.748M85.571M89.419M19.539M20.324M
goodwill and intangible assets390.22M393.329M397.889M77.484M77.668M
long term investments387.905M473.494M280.108M312.128M240.299M
tax assets244.317M226.801M208.861M229.513M213.831M
other non current assets313.589M227.684M318.465M184.383M277.587M
total non current assets1.572B1.537B1.414B1.04B996.342M
other assets0001.000
total assets4.006B3.742B3.616B3.437B3.254B
account payables75.59M104.077M82.075M88.326M90.035M
short term debt009.601M5.784M146.94M
tax payables27.911M12.816M22.392M5.784M3.358M
deferred revenue505.008M485.869M538.383M491.691M471.36M
other current liabilities214.718M163.351M643.406M214.168M9.492M
total current liabilities823.227M766.113M757.474M799.969M717.827M
long term debt720.706M720.383M710.441M677.113M711.644M
deferred revenue non current0291.424M293.878M281.852M270.082M
deferred tax liabilities non current019.008M14.70M18.049M2.467M
other non current liabilities361.889M35.61M36.388M47.828M31.046M
total non current liabilities1.083B1.047B1.041B1.025B1.015B
other liabilities01.0001.000
capital lease obligations41.223M41.705M32.546M33.55M35.329M
total liabilities1.906B1.814B1.798B1.825B1.733B
preferred stock00010.678M0
common stock1.00K1.00K1.00K1.00K1.00K
retained earnings676.83M605.264M564.467M431.249M373.978M
accumulated other comprehensive income loss-9.12M-14.194M-11.586M-10.679M-12.869M
other total stockholders equity1.432B1.338B1.265B1.181B1.16B
total stockholders equity2.10B1.929B1.818B1.612B1.521B
total equity2.10B1.929B1.818B1.612B1.521B
total liabilities and stockholders equity4.006B3.742B3.616B3.437B3.254B
minority interest00000
total investments539.465M983.514M395.217M1.034B309.149M
total debt720.706M720.383M710.441M710.663M711.644M
net debt25.562M151.731M306.571M110.118M305.602M
Graph

AXON Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax-20.23M-28.045M21.214M-19.218M-14.271M
stock based compensation101.78M74.821M75.115M35.13M29.987M
change in working capital128.019M-12.633M-115.386M56.56M-13.753M
accounts receivables60.513M-9.381M-51.132M9.944M-95.581M
inventory-3.513M-7.406M-710.00K-12.332M-15.979M
accounts payables53.314M41.218M-84.289M50.961M49.399M
other working capital16.321M-37.064M20.743M7.987M48.408M
other non cash items-192.264M71.213M-44.244M244.00K-6.886M
net cash provided by operating activities91.321M82.763M-15.938M140.038M62.892M
investments in property plant and equipment-26.472M-11.318M-16.194M-24.067M-14.366M
acquisitions net0-25.00K-237.771M31.00K-64.00K
purchases of investments-316.583M-240.404M-250.585M-118.995M-187.719M
sales maturities of investments193.968M333.886M330.472M196.204M80.132M
other investing activites192.158M93.482M88.325M064.00K
net cash used for investing activites43.071M82.139M-174.044M53.173M-121.953M
debt repayment00000
common stock issued0000-101.00K
common stock repurchased4.895M-2.185M-2.71M0-101.00K
dividends paid00000
other financing activites-12.608M-2.185M-2.71M-3.818M-6.92M
net cash used provided by financing activities-7.713M-2.185M-2.71M-3.818M-7.122M
effect of forex changes on cash2.161M-108.00K-1.978M3.266M-2.007M
net change in cash128.797M162.682M-194.67M192.603M-68.19M
cash at end of period697.449M568.652M406.00M600.545M408.011M
cash at beginning of period568.652M405.97M600.67M407.942M476.201M
operating cashflow91.321M82.763M-15.938M140.038M62.892M
capital expenditure-26.472M-11.318M-16.194M-24.067M-14.366M
free cash flow64.849M71.445M-32.132M115.971M48.526M
Graph

Frequently Asked Questions

How did Axon Enterprise, Inc. do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, AXON generated $544.27M in revenue last quarter, while its costs came in at $213.53M.

Last quarter, how much Gross Profit did Axon Enterprise, Inc. report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Axon Enterprise, Inc. reported a $330.75M Gross Profit for the quarter ended Sep 30, 2024.

Have AXON's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. AXON incurred $306.67M worth of Operating Expenses, while it generated $24.08M worth of Operating Income.

How much Net Income has AXON posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Axon Enterprise, Inc., the company generated $67.03M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Axon Enterprise, Inc. have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Axon Enterprise, Inc. as of the end of the last quarter was $695.14M.

What are AXON's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, AXON had Total Net Receivables of $885.59M.

In terms of Total Assets and Current Assets, where did Axon Enterprise, Inc. stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of AXON were $2.43B, while the Total Assets stand at $4.01B.

As of the last quarter, how much Total Debt did Axon Enterprise, Inc. have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of AXON's debt was $720.71M at the end of the last quarter.

What were AXON's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, AXON reported total liabilities of $1.91B.

How much did AXON's Working Capital change over the last quarter?

Working Capital Change for AXON was $128.02M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

AXON generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. AXON generated $91.32M of Cash from Operating Activities during its recently reported quarter.

What was AXON's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. AXON reported a $128.80M Net Change in Cash in the most recent quarter.

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