-=Axon (AAXN) reported earnings on Tue 7 Aug 2018 (a/h)

Axon beats by $0.07, beats on revs, Reaffirms FY18 revenue growth guidance

• Reports Q2 (Jun) earnings of $0.18 per share, $0.07 better than the Capital IQ Consensus of $0.11; revenues rose 24.6% year/year to $99.2 mln vs the $95.83 mln Capital IQ Consensus.
• Reports gross margin of 63.6% reflecting a strong product mix in weapons and continued Axon Cloud growth, partially offset by low gross margin VIEVU contracts.
• Reports Adjusted EBITDA of $13.7 million, up 69% year-over-year, and Adjusted EBITDA margin of 13.8%. 
• Outlook: Co reaffirms its FY18 revenue growth guidance of 18-20%. Sees Adjusted EBITDA margins of 14-16%, which compares with Adjusted EBITDA margin of 11.6% in 2017.