Axon Enterprise (AXON) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased, marking growth from both the prior quarter and the same period last year. The sequential gain showed moderation, while the year-over-year rise remained strong.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased, marking growth from both the prior quarter and the same period last year. The sequential gain showed moderation, while the year-over-year rise remained strong.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$344.3M
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
+34.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $285.6M | +30.5% |
| Sep 30, 2022 | $311.8M | +34.4% |
| Dec 31, 2022 | $333.4M | +51.6% |
| Mar 31, 2023 | $344.3M | +34.3% |
Revenue performance
The reported revenue rose compared to the immediately preceding quarter, indicating continued expansion. On a year-over-year basis, the increase was substantial, reflecting higher activity than the same quarter one year earlier.
Quarterly comparison
The revenue improvement from the prior quarter was smaller than the large year-over-year gain, suggesting a deceleration in the rate of sequential growth. The trailing twelve-month revenue figure further underscores the upward trajectory over the past year.
What to watch
Given the sequential deceleration, monitor whether the pace of quarterly growth stabilizes or continues to slow in future periods.