Axon Enterprise, Inc. is a market-leading provider of law enforcement technology solutions, with a mission to protect life in service of promoting peace, justice and strong institutions. The company integrates a suite of hardware devices and cloud software solutions, including cloud-hosted digital evidence management, productivity and real-time operations software, body-worn cameras, in-car cameras, TASER energy devices, robotic security and training solutions. Axon's solutions cater to federal agencies, corrections, justice and enterprise-level security needs. The company aims to invent and deliver public safety products that make the right things easier and the wrong things harder every day.

• Employees: 3,330 full-time and 930 temporary (as of December 31, 2023)
• Geographic Footprint: Australia, Belgium, Canada, Finland, France, Germany, Hong Kong, India, Italy, the Netherlands, Spain, the United Kingdom and Vietnam
• Headquarters: Scottsdale, Arizona
• Founded: 1993
• Number of locations/facilities: More than 15 leased locations, plus headquarters and manufacturing facilities
• Revenue: $1.56 billion (FY2023)
• Key Subsidiaries/Brands: TASER, Axon Evidence

• CEO: Patrick W. Smith
• CFO: Brittany Bagley
• Other Key Executives: Joshua M. Isner (Chief Operating Officer), Jeffrey C. Kunins (Chief Product Officer)

Patrick W. Smith is the founder of Axon and has extensive executive leadership experience in the technology industry. Brittany Bagley is the Chief Operating Officer and Chief Financial Officer.

• Annual Revenue: $1.56 billion (FY2023)
• Net Income: $174.2 million
• Total Assets: $3.44 billion
• Number of Employees: 3,330 full-time and 930 temporary (as of December 31, 2023)
• Key Financial Highlights: Revenue increased by 31.4% year-over-year; income from operations was $154.8 million; gross margin was 61.1% of net sales.

Axon offers a range of products and services, including:

• TASER Devices: Conducted energy devices for law enforcement and personal safety.
• Body-Worn Cameras: Cameras for transparency, real-time situational awareness, and accurate capture of evidence.
• In-Car Camera Systems: Systems for in-vehicle video capture and integration with software workflows.
• Cloud-Based Software: SaaS solutions for digital evidence management, productivity, and real-time operations.
• Robotic Security: Indoor tactical drone hardware platform.
• Training Solutions: Virtual reality training services for public safety.

Axon's operations are divided into two reportable segments:

• TASER: Development, manufacture, and sale of CEDs under the TASER brand.
• Software and Sensors: Development, manufacture, and sale of integrated hardware and cloud-based software solutions for law enforcement to capture, store, manage, share, and analyze digital evidence.

Revenue breakdown by segment is available in the financial statements.

Axon's strategic priorities include obsoleting the bullet, reducing social conflict, enabling a fair and effective justice system, and building for racial equity, diversity, and inclusion. The company's financial strategy is to build highly recurring, highly profitable businesses and to drive growth through purposeful product innovation. Key strategic initiatives include:

• Continuous innovation through R&D investments.
• Expanding sales through direct sales and distributors.
• Diversifying into new markets and customer profiles.
• Focusing on strategic headcount additions to support key new markets and new products.

Axon operates in the law enforcement technology solutions industry. Key market trends include the increasing adoption of body-worn cameras, digital evidence management systems, and less-lethal weapons. The company faces competition from various sources, including:

• Connected Cameras and Digital Evidence Management Software: Axis Communications AB, Digital Ally Inc., Motorola Solutions, NICE, and others.
• Productivity and Real-Time Operations Software: Caliber Public Safety, Central Square Technologies, Motorola Solutions, and others.
• TASER for Professional Users: Combined Systems, Inc.; Byrna Technologies Inc., SABRE Corporation, and Mace Security International, Inc.
• VR De-Escalation Training: Adaptive VR Ltd., Apex Officer, InVeris Training Solutions Inc., and others.
• TASER for Personal Safety: Byrna Technologies, Inc., Mace, PepperBall, SABRE, and others.

Axon is a market leader in several of its product categories.

• Strategic Risks: Dependence on law enforcement agencies' acceptance of products, risks associated with rapid technological change, and dependence on TASER CED sales.
• Operational Risks: Supply chain disruptions, managing growth, and security breaches.
• Financial Risks: Increasing reliance on subscription billing, risks related to government funding rules, and fluctuations in currency values.
• Legal and Compliance Risks: Product liability claims, intellectual property infringement, and evolving regulations.