Axon (AAXN) reported earnings on Thur 6 Aug 20 (a/h)

** charts before earnings **

 

** charts after earnings **

Axon misses by $0.17, beats on revs; guides Q3 revs below consensus

Reports Q2 (Jun) loss of $0.01 per share, $0.17 worse than the S&P Capital IQ Consensus of $0.16; revenues rose 25.7% year/year to $141.26 mln vs the $133.36 mln S&P Capital IQ Consensus.

Co issues downside guidance for Q3, sees Q3 revs of about +15% yr/yr or $150.46 mln vs. $151.34 mln S&P Capital IQ Consensus.

Earnings this week : August 3 - 7, 20 (wk 32)

Monday (Aug 3)

• Morning: CLX CMS CNA EME GPN LGND CLI MPC MCK MCY MPLX NNN NBL TKR TSN
• Afternoon: AIG BRKR BWXT CWST CHGG CRUS FANG DLB PLOW EMN FIVN FBM FRPT HHC H ICHR IR INVH ITRI KMPR KMT KLACRMBS RRC O RBC REG RNG SBAC SEDG STE SYKE TTWO THC TXRH TREX VVV VNOM SPCE WMB

Tuesday (Aug 4)

• Morning: ACM ATI AMRN AMCX AME ARMKBMCH BP CNK CYBR DEA EPC ESI EMR AQUA EXC EXPD FIS FI IT THRM HEES HAE HLNE HSIC IAA INCY INGR IPHI XENT IGT IPGP JELD KKR LCII LEA LDOS TREE LGIH MNK PRIM RCM RL RHP SPNS BLD TDG USCR USFD VSH VMC WEC WBT WRK ZBH
• Afternoon: ACHC ATVI ALSN ALL ANET BYND BMRN BOOT CDLX CDNA CDK CNO COHR CMP CORT DK DVN ENTA ENPH ETH EVER EVTC EXR FOE FNF FMC FOXA GTES GLUU LOPE GDOT PEAK ICFI IOSP INGN INSP NVTA JAZZ KTOS LC LPSN LMNX MTCH MODN MNST NKLA NPTN NEWR NUVA ONTO OMI ORCC PAYC PAA PLNT PPD PUMP PRU RGA TSLX TRHC TRUP TWLO UPWK VRSK DIS WU WW WYNN

Wednesday (Aug 5)

• Morning: AEIS GOLF ALE ABC ARES ASTE ATH AVA BCOR BWA BV CPRI CDW FUN CRL CLH CVS DISCA ERJ ENBL ENR EVRG EVOP EXTR FVRR GCP GEL ROCK HSC HEP HMC HZNP HUM INMD IONS KAR LL MTG MIDD MRNA NYT NXST NLSN NI DNOW ODP PSN PRGO REGN REYN SRE SBGI SR STWD STOR SSYS TCP TEVA TRI VCEL VST WD W WEN WWW
• Afternoon: ACAD DDD ADT ADTN ATSG ALRM ALB DOX UHAL AEL AWK ANSS ARNA ATO BTG BLDP BNFT BFAM CCMP CWH CVNA CTL CDAY CF CHX CHNG XEC COLL CPA CXW CTVA CCRN CSGS CUB DAR DCP ELF ECPG ENDP ET PLUS EPR WTRG ETSY RE FSLY FATE FRT FISV FOXF FNV FTDR GBT GMED GDDY HR HI TWNK HUBS IAG IMMU INFN INSG JACK KBR KRO LHCG LNC LYV MFC MRO MATX MBI MET MWA NTRA NVRO LASR MNIH NUS NUAN OLN OHI OSUR OR OUT PAAS PK PE PDCE PVG PRI PGNY PTCT PSA QTWO KWR RYN RCII RMD ROKU RGLD SGMO SRPT SILK SONO SJI SQ STAA SUN SPWR SYNA TTGT TRMB TWO VAR VSLR VOYA HCC WELL WDC ZIXI ZGNX ZNGA

Thursday (Aug 6)

• Morning: AAON ABMD ACIW ADNT WMS AES ALNY AEP AMRX AAWW BLL BHC BDX BMY CNQ CAH ECOM LNG CHH CWEN CCOI CFX COMM CORE CRON XRAY EPAM EXLS FLI GTN HL HLT HIMX IBP NTLA IDCC IRM IRWD JLL KELYA KTB LAMR LAUR LXP MMS MYL EYE NICE NOMD NCLH OGE PCRX PZZA PH PENN DOC PNW PLUG PBH PWR QSR STNG SEE SERV SRCL SYNH TRGP TEN MEET SHYF THS USPH VGR VER VIAC VSTO VG WLK WIX YETI ZTS
• Afternoon: AL XLRN LNT ALTR AYX AMH COLD AMN AINV APPN AGO AVT AAXN AXNX BECN BL BKNG EPAY BHF CABO CBT CZR CATM CARG CHUY NET ED CNDT CUBE CWK DDOG DRH DBX DXC EDIT ENV EOG EB EVBG EXEL FGEN FSLR FLO FTNT GPRO GRPN GH GWPH HTA HLF ILMN PODD IRTC LSI LFG.A LTHM LVGO MAIN MTW MMI MHK MSI NFG NSA NKTR NNI NWSA NDLS NLOK OTEX PCT PLYA POST PRAA PRAH PBYI RPD ROLL RMAX RGNX RSG RBA STMP SLF SVMK SWCH TMUS TLND TDC REAL TTD TPIC TRIP TRUE TWST UBER OLED UPLD ECOL VSAT WCM WWD YELP ZG ZIOP

Friday (Aug 7)

• Morning: CSIQ CNNE ROAD HMSY TILE KIM MGA NJR NWN SABR VTR VIRT

Earnings spotlight: 

• McKesson (NYSE:MCK), Marathon Petroleum (NYSE:MPC), Tyson Food (NYSE:TSN), AIG(NYSE:AIG), Tenet Healthcare (NYSE:THC) and Dish Network (NASDAQ:DISH) on August 3; 
• BP (NYSE:BP), US Foods (NYSE:USFD), Exelon (NASDAQ:EXC), Prudential (NYSE:PRU), Disney (NYSE:DIS), Allstate (NYSE:ALL), Ralph Lauren (NYSE:RL) and Fox Corporation (NASDAQ:FOXA) on August 4; 
• Honda (NYSE:HMC), CVS Health (NYSE:CVS), Humana (NYSE:HUM), Wayfair (NYSE:W), Wendy's (NASDAQ:WEN), MetLife (NYSE:MET) and Western Digital (NASDAQ:WDC) on August 5; 
• Cardinal Health (NYSE:CAH), Bristol-Myers (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Mylan (NASDAQ:MYL), Yeti (NYSE:YETI), T-Mobile (NASDAQ:TMUS), Con Edison (NYSE:ED) and Uber (NYSE:UBER) on August 6; 
• Magna International (NYSE:MGA), Domtar (NYSE:UFS) and Canadian Solar (NASDAQ:CSIQ) on August 7.

-=Axon (AAXN) reported earnings on Thur 7 May 20 (a/h)

Axon beats by $0.23, beats on revs; withdraws FY EBITDA and revs outlook 
Reports Q1 (Mar) earnings of $0.40 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of $0.17; revenues rose 27.1% year/year to $147.16 mln vs the $131.92 mln S&P Capital IQ Consensus.

• Software & Sensors product segment, which grew 41% year over year due to demand for Axon Cloud software offerings and Axon Body 3
• Adjusted EBITDA of $30 million more than doubled year over year, representing a 20% margin on revenue, and delivering a 51% incremental contribution margin on revenue when compared with Q1 2019.

Despite some uncertainty in the outlook, Axon Enterprise convinced Wall Street that it combines a recession-resistant business model with great execution and a huge opportunity for growth.

One number that Axon provided for the first time particularly stood out: 120% net revenue retention for its cloud-based software, which lets customers manage law-enforcement video footage and monitor real-time incidents remotely.

"The metric captures two key factors," CFO Jawad Ahsan said on the Axon earnings call. "First, our annual churn is almost nil, as our customers typically sign five- to 10-year contracts."


Second, "customers are upgrading their contracts to take advantage of all of the new software tools we have to offer."

Axon Outlook
Axon withdrew its guidance of $100 million to $105 million in adjusted EBITDA on revenue of $615 million to $625 million, though not because of current trends.

The hit to municipal budgets and their impact on procurement by law-enforcement agencies "could materially alter our pipeline," Axon said.

Some customers have delayed body-camera programs or subscription upgrades. Yet the coronavirus threat has led others to make Axon devices standard issue to individual officers, rather than shared.

"Even though our business has been very resilient today and our best estimates have not changed, the level of uncertainty has increased" too much to offer guidance, Axon CEO Rick Smith said.

International sales grew 38% in the quarter, as Axon closed its first sales in a number of countries. Axon Records is now being used or tested at more than a dozen agencies. This is Axon's entry into a $4 billion market for managing law-enforcement incident reports and other data, which complements its digital video systems. Axon's first records-management deployment to the Fresno Police Department came in September.

Axon said the city of Maricopa, Ariz., recently became the first to go live with its computer-aided dispatch system in a $2 billion market. "The goal here is to shorten the time from hello to hello," Axon President Luke Larson said. "That's what the industry calls the time between when somebody first calls 911 to the time an officer arrives."

Earnings this week : May 4 - 8, 20 (wk 19)

Monday (May 4)

• Morning: PETS GATX KELYA PFGC NNN PETS PBI TSN WAB WEC WLK 
• Afternoon:  ACHC ALSN AIG AWR CAR CHGG DLB FN FIVN FRPT ITRI JKHY KMT KN LEG LMNX MHK MOS RMBS O RBC REXR SHAK SWKS SYKE THC TXRH TREX VNOM VNO WWD XPO

Tuesday (May 5)

• Morning: ACM AER AMCX APTV ARMK ARCC DBD D DD DEA FCAU GPI HSIC ITW INCY INGR IPGP JELD JLL TREE LGIH LPX LITE MNK MPC SBSI SYY TRI BLD TDG USCR USFD W WBT WRK
• Afternoon: ATVI ANET BYND BLKB CAMP CAKE COHU CMP DVA DK DVN EA ICFI IOSP INGN INSP NVTA JAZZ KGC KLAC LC LPSN DOOR MTCH MATX MAT MELI MEOH MGNX MODN MYGN NVRO ONTO PINS PAA PLNT PRO PRU SFM STOR VRSK VOYA DIS WU

Wednesday (May 6)

• Morning: AEIS ALXN ARES ASTE BWA BG CARS CBZ CDW FUN IMOS CNHI CGEN CVS DISCA GCP GM GEL GPC ROCK GPN KL KKR MYE NYT DNOW NS ODP OMI PZZA PSN PAG SBH STNG SMG SHOP TMHC TNC MEET VMC WD WM WEN WING WYND ZTS
• Afternoon: DDD ADTN ALB AYX AMED AEL AWK AMP ANGI ANSS APA AZPN ATO AVB BNFT BIO BEAT EPAY BFAM BRKR CCMP CVNA CTL CDAY CF CHEF XEC CPA CXW CSGS CUB CW DAR DCP DRQ ENTA EPR EQIX ESE ESPR WTRG ESS ETSY RE EVRG ES EXAS STAY EXR FSLY FRT FG FORM FTNT FCPT FOXA FOXF FNV GBT GDDY GRUB HR HI HUBS H IMMU INSG IAC INVH IRWD KRO LCI LGND LNC LVGO LYFT CLI MX MFC MRO MET MAA NTRA NBIX LASR NMIH NDLS NUS NTR NUVA OSUR PAAS PYPL PTON PING PXD PPD QTWO QGEN QDEL RDN RMAX RP RNR RCII REZI RNG RGLD SRPT SEDG SONO SJI SAVE SQ STAA SRI RUN TMUS TLND TTGT REAL TIVO TRMB TSE TROX TWLO TWO UDR UGI RARE UPWK VVV VIAV WCN WTS WELL WPM WPX WYNN ZIXI ZNGA 

Thursday (May 7)

• Morning: AAON AAN ACIW GOLF AES ABC BUD MT AAWW BLL BHC BCE BDX BV BMY CNQ CNNE CBRE CNP ECOM CRL CWEN CCOI CFX COMM CTB CORE CTVA DHR DISH SATS EPC EDIT ELAN ENB ENDP ENR EPAM EQT EXLS FIS FVRR FOCS IT THRM GTN HAIN HL HES HLT HIMX HFC HII NSIT IART NTLA IDCC IRM JBLU KAR KTB LAMR LAUR LXP MGA MBUU MMS MD MIDD MRNA MUR EYE NTCT NOMD OGE PCRX PEGI PENN PRFT DOC PBH PWR RTX RHP SERV SHLX SPAR SRCL TGNA TU TEVA TW THS VIAC VIRT VSTO VG WEX XEL YETI 
• Afternoon: ADT AL ALRM APPN AAXN BECN BILL BJRI BKNG CTSH SCOR ED CCRN DBX ENV EOG FSLR FISV GLUU GPRO LOPE GH HLF ICUI IPHI PODD ITGR LHCG LSI LYV MTW VAC MCHP MNST NWSA NUAN OMCL PDCE PEB PBA PRAA PFPT PBYI QRVO QLYS RPD RDFN RBA ROKU SKYW STMP SPWR SVMK SYNA TDC TTD TRUE TCX UBER OLED UPLD ECOL YELP ZG 

Friday (May 8) 

• Morning: AXL ATH AVA BLMN BPMP BR BIP CATM REOAD CRON UFS ESNT EVTC EVOP EXC GTT HEES HSC HMSY TWNK TILE KIM LEA NJR NBL OUT PBF PNW PPL SABR SSP SEAS SR SHO SWCH TEN VTR

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Earnings spotlight: Tyson Foods (NYSE:TSN), Shake Shack (NYSE:SHAK), Skyworks Solutions (NASDAQ:SWKS), Freshpet (NASDAQ:FRPT) and Chegg (NYSE:CHGG) on May 4; Marathon Petroleum (NYSE:MPC), Fiat Chrysler Automobiles (NYSE:FCAU), Sysco (NYSE:SYY), Beyond Meat (NASDAQ:BYND), US Foods (NYSE:USFD), DuPont (NYSE:DD), Activision Blizzard (NASDAQ:ATVI), Disney (NYSE:DIS), Prudential (NYSE:PRU), Allstate (NYSE:ALL) and Dominion Energy (NYSE:D) on May 5; CVS Health (NYSE:CVS), General Motors (NYSE:GM), Bunge (NYSE:BG), Barrick (NYSE:GOLD), MetLife (NYSE:MET), T-Mobile US (NASDAQ:TMUS), Etsy (NASDAQ:ETSY), Shopify (NYSE:SHOP), Peloton Interactive (NASDAQ:PTON) and PayPal (NASDAQ:PYPL) on May 6; AmerisourceBergen (NYSE:ABC), JetBlue (NASDAQ:JBLU), Booking Holdings (NASDAQ:BKNG), Raytheon Technologies (NYSE:RTX), Anheuser-Busch InBev (NYSE:BUD), Bristol-Myers Squibb (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Baidu (NASDAQ:BIDU), Uber (NYSE:UBER), News Corp (NASDAQ:NWSA) and Post Holdings (NYSE:POST) on May 7; and SeaWorld Entertainment (NYSE:SEAS), Cronos (NASDAQ:CRON) and PBF Energy (NYSE:PBF) on May 8.

-=Axon (AAXN) reported earnings on Thur 7 Nov 19 (a/h)

Axon beats by $0.02, beats on revs; raises FY19 revs guidance, reaffirms adj EBITDA guidance 

Reports Q3 (Sep) earnings of $0.28 per share, $0.02 better than the S&P Capital IQ Consensus of $0.26; revenues rose 24.8% year/year to $130.84 mln vs the $122.72 mln S&P Capital IQ Consensus; Adjusted EBITDA was a record $24 million

Co sees FY19 revs of $500-510 mln, from $485-495 mln vs. $489.38 mln S&P Capital IQ Consensus; reiterates expectations for annual Adjusted EBITDA of $80-85 million. Expects Adjusted EBITDA margin to improve sequentially in Q4 2019 driven by leverage on operating expenses, partially offset by gross margin pressure due to increased hardware mix. The expected strength of Axon Body 3 and TASER 7 cartridge shipments will result in an increased mix of lower margin hardware revenue in Q4 2019.

This week's biggest % winners & losers : June 24 - 28, 19 (wk 26)

This week's top % gainers

• Healthcare: ODT (36.69 +29.78%), AGN (167.43 +27.99%), OPK (2.44 +21.39%), TGTX (8.65 +19.31%), PGNX (6.17 +18.65%), MYGN (27.78 +18.11%), RARX (30.07 +17.88%)
• Materials: VHI (2.97 +24.27%)
• Industrials: TGI (22.9 +21.36%), MLHR (44.7 +19.65%), GMS (22 +19.18%)
• Consumer Discretionary: MPAA (21.41 +24.4%), CZR (11.82 +18.32%)
• Information Technology: SGH (22.99 +19.12%), SSYS (29.37 +17.81%)
• Energy: QEP (7.23 +18.33%)
• Consumer Staples: RAD (8.01 +20.09%)

This week's top % losers

• Healthcare: GBT (52.6 -16.51%), EPZM (12.55 -16.17%), RCUS (7.95 -15.78%), DCPH (22.55 -13.96%)
• Industrials: QUAD (7.91 -13.27%), AAXN (64.21 -12.4%)
• Information Technology: GTT (17.6 -22.94%), BB (7.46 -12.03%)
• Financials: JT (3.74 -14.02%)

Axon (AAXN) rejects facial recognition software

Axon Enterprise Inc. says it is rejecting for the moment the possibility of selling facial recognition software, according to a report from NPR.

Scottsdale-based Axon (Nasdaq: AAXN) cited recommendations from an independent ethics board it created for its decision to forgo developing and selling the technology. Those recommendations highlight the fact that the technology is not advanced enough for law enforcement to rely on, according to NPR.

Facial recognition software was less reliable in identifying women and younger individuals. People of color also were harder for the technology to identify than white people, according to the report.

The ethics board also cited privacy concerns related to facial recognition, per NPR.

The board also cited privacy concerns which have long been raised by activists. "Even if face recognition works accurately and equitably—and we stress in detail that at present it does not—the technology makes it far easier for government entities to surveil citizens and potentially intrude into their lives," the report said.

Axon created the board after it acquired two artificial intelligence companies, according to NPR. Members of the board included experts in AI, privacy advocates, as well as computer scientists and other experts. While set up as an independent board, each member did receive a small honorarium from Axon for their work, reports NPR.

An Axon executive told NPR risks outweighed any benefit with facial software.

Mike Wagers, Axon vice president of emerging markets, tells NPR that the risks clearly outweighed the benefits. "We made the decision that just because you could deploy a certain technology does not make it right," he said. "You think about how this could play itself out on the streets," he added.

Earlier this year, Axon came under criticism after the Financial Times reported that the company had filed three patents for software with facial recognition capabilities, despite repeatedly claiming not to be working on the controversial technology.

Concerns of facial recognition software have grown over the years. Such concerns range from whether the technology could be used against lawful protestors to opening the door to mass surveillance around the country like it has in China.

-=Axon (AAXN) reported earnings on Tue 26 Feb 19 (a/h)

Axon misses by $0.03, beats on revs; guides Q1 revs below consensus; guides FY19 revs above consensus

• Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, $0.03 worse than the S&P Capital IQ Consensus of $0.11; revenues rose 21.3% year/year to $114.79 mln vs the $104.03 mln S&P Capital IQ Consensus.
• Gross margin of 56.9% includes 360 basis points of impact related to costs associated with Vievu and a related large domestic customer contract. Q4 2018 gross margin was also affected by startup costs associated with initial production of TASER 7.
• Co issues downside guidance for Q1, sees Q1 revs of $109-110 mln (+8-9%) vs. $112.55 mln S&P Capital IQ Consensus; In Q1 2019, co expects gross margins to be in the range of 61% to 63% and build higher over the rest of the year.
• Co issues upside guidance for FY19, sees FY19 revs of $480-490 mln vs. $476.70 mln S&P Capital IQ Consensus; sees Adjusted EBITDA of $80 million to $85 million
  • Co expects to deliver significantly higher growth rates in the second half of 2019, driven by an anticipated pick up in TASER 7 shipments and initial Axon Body 3 shipments

Earnings this week : Feb. 25 - March 1, 2019 (wk 9)

Earnings confirmed to report this week:

Monday (Feb 25)

• Morning: PLAN AWI CRI DORM KOS MDR TEN
• Afternoon:  ALSN APLE APTS ATH AWR BWXT CDEV CORT CRZO DDS  DRH ELGX EPR ETSY EVER FBM FRAC FRGI GSM HNI HTZ IMMU JBT KAMN KBR LDL LSI MEDP MOS NGHC NLS OFIX OKE PBPB PEB PLOW PODD QTS RCII RP RRC SHAK SNHY SYKE THC TRTX TWOU XENT

Tuesday (Feb 26)

• Morning:  AMWD ATHM AVNS AZO BCC BLD BMO BNS BPMC CBRL CLVS DISCA DSX FCN HD LGIH LNG M MNK NCI NXST PRFT RHP RLGY SAFM SDRL SERV SFL SJM SPNS SRE SSTK TA TLRA TPH TREE TRI TRXC USCR VCEL VSI WP WYND XHR
• Afternoon:  AAXN ACAD AKCA ARNA AXGN BGS BNFT CERS CGBD CIR CLGX CPE CSGP CW DRQ DVAX ELF ENPH EOG EVH FOXF FRPT FTR GWPH HEI HPR HURN HY ICFI IMAX IMMR INGN INN INSP JAZZ JBGS MASI MED MELI MGRC MMSI MTDR MYL NBR OAS ORA OUT PANW PEN PLNT PSA PUMP PZZA RRD RRGB RTRX SE SUPN SYX TIVO TNDM TOL VEEV WLL WMGI WTTR WTW

Wednesday (Feb 27)

• Morning:  AES AMRN AMT ANIP BBY CHK CLH CPB DF DNR DOC DY EYE FTDR GCP GTE HMLP HPT HZNP IONS LIVN LOW LXP MDCO MGPI MIDD NEWM NOVT OCN ODP PEG PGTI PNM RDC SBGI SHOO TAST TJX UTHR WAAS 
• Afternoon:  AEGN ALEX AMED ANSS APA ATSG AYX BEL BGNE BILI BKNG BOLD BOX CABO CCRN CHDN COLL CRC CVNA CWK DAR ECPG ERI ESTC ESV FG FIT FOE FTAI FTSI GEF GKOS HGV HHC HPQ ITRI KRA KW LADR LB LHCG MNST NNI ORBC PDCE PK PRAH PRGO PRSC QRTE.A SEMG SJI SOI SQ SRI SRPT STAY SWX TDOC TPC TROX TWNK UHS WIFI WING WTI XLRN

Thursday (Feb 28)

• Morning: AAON ABB ACIW AKRX AMCX AMRX BCPC BID BMCH BPMP BUD CARS CM CMD CNP CRAI CROX CWEN CWT DAVA DEA EGRX ENDP EXLS FOLD FRO FSS GOLF GTN GTS GTT HMHC HRI IBP ICPT IRDM JCP JD KDP LAUR LKQ MGLN MYE NLSN NOMD NRG OPI OXSQ PCRX PDCO PRIM PRTY SEAS SPAR STWD SYNH TD TRS TTI VAC VRTV VST
• Afternoon:  DDD ACHC AIMT ALRM AQN ALTR AMBC AMC APPF AGO ATRC ADSK EQH BIO BLDR CARG CSLT CISN SCOR DELL DCO EIX EDIT FTCH FNKO GCAP GPS GSBD HABT ICUI XON JAG KTOS LYV MAIN MAR MTZ MAXR MBI NKTR NPTN JWN NTNX PLYA PRAA PTCT PBYI PSTG KWR RDUS RBA RLJ SGMO SRG SWN SPPI SPLK SRCL RUN TRHC TCMD TERP TPIC UPWK VMW WDAY ZIXI ZGNX ZS WUBA 

Friday (March 1)

• Morning:  ASTE CLNY CORE XRAY EBIX FL KOP NWN PEGI PTLA SSP SNH STRA TGNA TRCO 

******

• Monday: December Wholesale Inventories (Briefing.com consensus 0.4%; prior 0.3%) at 10:00 ET; $40 bln 2-yr Treasury note auction results at 11:30 ET; and $41 bln 5-yr Treasury note auction results at 13:00 ET
• Tuesday: December S&P Case-Shiller Home Price Index (Briefing.com consensus 4.5%; prior 4.7%) at 8:00 ET; December Housing Starts (Briefing.com consensus 1254K; prior 1256K) and Building Permits (Briefing.com consensus 1290K; prior 1328K) at 8:30 ET; December FHFA Housing Price Index (prior 0.4%) at 9:00 ET; February Consumer Confidence (Briefing.com consensus 125.0; prior 120.2) at 10:00 ET; and $32 bln 7-yr Treasury note auction results at 13:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior 3.6%) at 7:00 ET; January Advance Intl. Trade in Goods; Advance Retail Inventories; and Advance Wholesale Inventories at 8:30 ET; December Factory Orders (Briefing.com consensus 1.0%; prior -0.6%), Fed Chair Powell Semi-Annual Monetary Policy Testimony, and January Pending Home Sales (Briefing.com consensus -0.4%; prior -2.2%) at 10:00 ET; and Weekly EIA Crude Oil Inventories (prior +3.7M) at 10:30 ET
• Thursday: Q4 GDP - Advance (Briefing.com consensus 2.3%; prior 3.4%), Q4 GDP Deflator - Advance (Briefing.com consensus 1.7%; prior 1.8%), weekly Initial Claims (Briefing.com consensus 221K; prior 216K), and Continuing Claims (prior 1725K) at 8:30 ET; February Chicago PMI (Briefing.com consensus 57.5; prior 56.7) at 9:45 ET; and weekly EIA Natural Gas Inventories (prior -177 bcf) at 10:30 ET
• Friday: December Personal Income (Briefing.com consensus 0.3%; prior 0.2%), Personal Spending (Briefing.com consensus -0.2%; prior 0.4%), and January Personal Income (Briefing.com consensus 0.3%) at 8:30 ET; February ISM Manufacturing Index (Briefing.com consensus 56.0; prior 56.6), and Final February Michigan Consumer Sentiment (Briefing.com consensus 95.6; prior 95.5) at 10:00 ET

-=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.

=Axon (AAXN) reported earnings on Tue 8 May 2018 (a/h)

Axon beats by $0.24, beats on revs; raises FY18 revs above consensus 

• Reports Q1 (Mar) earnings of $0.32 per share, $0.24 better than the Capital IQ Consensus of $0.08; revenues rose 27.8% year/year to $101.2 mln vs the $91.28 mln Capital IQ Consensus.
• Co issues raised guidancefor FY18, sees FY18 revs of +18-20% from +16-18% to ~$405.7-411.6 mln vs. $401.35 mln Capital IQ Consensus Estimate.

Axon (AAXN) reported earnings on Tue 27 Feb 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

 

 ** the following day  **

Axon beats by $0.20, beats on revs; guides FY18 revs above consensus 

• Reports Q4 (Dec) earnings of $0.18 per share, excluding non-recurring items, $0.20 better thanthe Capital IQ Consensus of ($0.02); revenues rose 15.3% year/year to $94.65 mln vs the $89.43 mln Capital IQ Consensus.
• Q4 2017 bookings were strong, coming in at $71.2 million, while Q4 2017 future contracted revenue rose to $536 million from $494 million in Q3 2017. Annual bookings grew 15% year-over-year from $254 million in 2016 to $291 million in 2017. Unit shipments in Q4 2017 reflected the Q3 2017 or early Q4 completions of several large customer deployments.
• Unit shipments also reflect some large deployments that pushed into Q1 2018. Q1 2018 is already off to a strong start for new orders. Australia's Victoria Police will deploy 11,000 body cameras backed by Evidence.com, which will represent our second largest body camera deployment.
• Co issues upside guidance for FY18, sees FY18 revs of $399-406 mln (+16-18%) vs. $393.90 mln Capital IQ Consensus Estimate.
• Co also announced a ten-year CEO performance award for CEO and founder Rick Smith tied entirely to achieving market cap and financial performance milestones that would make Axon one of the most valuable companies in the public safety sector. For the award to fully vest, Axon's market cap would have to grow ten-fold from recent levels to $13.5 billion, and key revenue and profitability goals would also have to be achieved.

TASER International (NASDAQ:TASR) changes its name to Axon Enterprise (NASDAQ:AAXN)

Scottsdale, AZ-based Taser International Inc. is changing its name to better reflect the company’s push to make its wearable Axon body cameras available to all police officers.

• April 2017: TASER International changed its name to Axon Enterprise, Inc. and began trading under the ticker symbol AAXN. 
• January 2021: Axon Enterprise changed its ticker symbol to AXON, previously used by Axovant (AXON). 

Since its inception, the TASER name has become synonymous with iconic, less-lethal weapons. Today, the company’s portfolio has grown to encompass a much wider range of technologies, including a rich ecosystem of connected devices and software applications.

Taser will now be called Axon Enterprise Inc. Taser (Nasdaq: TASR) is changing its stock ticker to AAXN effective the opening of the Nasdaq market on April 6.