Axon Enterprise (AXON) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to both the prior quarter and the same quarter a year earlier. The year-over-year gain was more pronounced than the sequential rise.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to both the prior quarter and the same quarter a year earlier. The year-over-year gain was more pronounced than the sequential rise.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$459.9M
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+33.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.7B
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, 2023 | $373.3M | +30.7% |
| Sep 30, 2023 | $412.7M | +32.4% |
| Dec 31, 2023 | $430.4M | +4.3% |
| Mar 31, 2024 | $459.9M | +33.6% |
Revenue performance
The reported revenue moved higher from the preceding quarter. The year-over-year comparison also showed a strong increase.
Quarterly comparison
Sequentially, revenue growth was moderate. On an annual basis, the expansion was much larger, reflecting a faster pace of growth over the past year.
What to watch
The filing discusses evolving environmental regulations that may affect future compliance costs and operations.