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v3.21.2

Revenues | 9 Months Ended
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Sep. 30, 2021
Revenues |
Revenues | Note 2 - Revenues Nature of Products and Services The following tables present our revenues by primary product and service offering (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2021 | ​ | Three Months Ended September 30, 2020
​ |  | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER 7 | ​ | $ | 50,641 | ​ | ​ | — | ​ | $ | 50,641 | ​ | $ | 21,702 | ​ | $ | — | ​ | $ | 21,702
TASER X26P | ​ |  | 9,086 | ​ | ​ | — | ​ |  | 9,086 | ​ |  | 9,766 | ​ |  | — | ​ |  | 9,766
TASER X2 | ​ |  | 10,078 | ​ | ​ | — | ​ |  | 10,078 | ​ |  | 14,494 | ​ |  | — | ​ |  | 14,494
TASER Pulse | ​ |  | 967 | ​ | ​ | — | ​ |  | 967 | ​ |  | 2,981 | ​ |  | — | ​ |  | 2,981
Cartridges | ​ |  | 39,313 | ​ | ​ | — | ​ |  | 39,313 | ​ |  | 26,335 | ​ |  | — | ​ |  | 26,335
Axon Body | ​ |  | — | ​ | ​ | 20,862 | ​ |  | 20,862 | ​ |  | — | ​ |  | 15,978 | ​ |  | 15,978
Axon Flex | ​ |  | — | ​ | ​ | 1,488 | ​ |  | 1,488 | ​ |  | — | ​ |  | 1,589 | ​ |  | 1,589
Axon Fleet | ​ |  | — | ​ | ​ | 6,063 | ​ |  | 6,063 | ​ |  | — | ​ |  | 4,215 | ​ |  | 4,215
Axon Dock | ​ |  | — | ​ | ​ | 6,460 | ​ |  | 6,460 | ​ |  | — | ​ |  | 5,708 | ​ |  | 5,708
Axon Evidence and cloud services | ​ |  | 2,711 | ​ | ​ | 63,272 | ​ |  | 65,983 | ​ |  | 692 | ​ |  | 45,450 | ​ |  | 46,142
Extended warranties | ​ |  | 6,099 | ​ | ​ | 8,983 | ​ |  | 15,082 | ​ |  | 5,265 | ​ |  | 6,514 | ​ |  | 11,779
Other | ​ |  | 2,596 | ​ | ​ | 3,370 | ​ |  | 5,966 | ​ |  | 3,171 | ​ |  | 2,582 | ​ |  | 5,753
Total | ​ | $ | 121,491 | ​ | $ | 110,498 | ​ | $ | 231,989 | ​ | $ | 84,406 | ​ | $ | 82,036 | ​ | $ | 166,442
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2021 | ​ | Nine Months Ended September 30, 2020
​ |  | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER 7 | ​ | $ | 112,760 | ​ | ​ | — | ​ | $ | 112,760 | ​ | $ | 48,616 | ​ | $ | — | ​ | $ | 48,616
TASER X26P | ​ |  | 28,618 | ​ | ​ | — | ​ |  | 28,618 | ​ |  | 30,338 | ​ |  | — | ​ |  | 30,338
TASER X2 | ​ |  | 39,001 | ​ | ​ | — | ​ |  | 39,001 | ​ |  | 45,401 | ​ |  | — | ​ |  | 45,401
TASER Pulse | ​ |  | 4,873 | ​ | ​ | — | ​ |  | 4,873 | ​ |  | 6,374 | ​ |  | — | ​ |  | 6,374
Cartridges | ​ |  | 116,409 | ​ | ​ | — | ​ |  | 116,409 | ​ |  | 76,732 | ​ |  | — | ​ |  | 76,732
Axon Body | ​ |  | — | ​ | ​ | 60,545 | ​ |  | 60,545 | ​ |  | — | ​ |  | 40,645 | ​ |  | 40,645
Axon Flex | ​ |  | — | ​ | ​ | 3,481 | ​ |  | 3,481 | ​ |  | — | ​ |  | 3,452 | ​ |  | 3,452
Axon Fleet | ​ |  | — | ​ | ​ | 15,073 | ​ |  | 15,073 | ​ |  | — | ​ |  | 13,088 | ​ |  | 13,088
Axon Dock | ​ |  | — | ​ | ​ | 18,889 | ​ |  | 18,889 | ​ |  | — | ​ |  | 14,714 | ​ |  | 14,714
Axon Evidence and cloud services | ​ |  | 5,809 | ​ | ​ | 175,933 | ​ |  | 181,742 | ​ |  | 1,776 | ​ |  | 126,495 | ​ |  | 128,271
Extended warranties | ​ |  | 17,602 | ​ | ​ | 24,632 | ​ |  | 42,234 | ​ |  | 15,340 | ​ |  | 17,707 | ​ |  | 33,047
Other | ​ |  | 7,946 | ​ | ​ | 14,232 | ​ |  | 22,178 | ​ |  | 6,214 | ​ |  | 7,971 | ​ |  | 14,185
Total | ​ | $ | 333,018 | ​ | $ | 312,785 | ​ | $ | 645,803 | ​ | $ | 230,791 | ​ | $ | 224,072 | ​ | $ | 454,863
​ ​ The following table presents our revenues disaggregated by geography (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | ​ | Nine Months Ended September 30, |
​ | ​ | 2021 | ​ | ​ | 2020 | ​ | ​ | 2021 | ​ | 2020 |
United States |  | $ | 192,756 |  | 83 | % | ​ | $ | 143,380 |  | 86 | % | ​ | $ | 518,050 |  | 80 | % | $ | 368,390 |  | 81 | %
Other countries | ​ |  | 39,233 |  | 17 | ​ | ​ |  | 23,062 |  | 14 | ​ | ​ |  | 127,753 |  | 20 | ​ |  | 86,473 |  | 19 | ​
Total | ​ | $ | 231,989 |  | 100 | % | ​ | $ | 166,442 |  | 100 | % | ​ | $ | 645,803 |  | 100 | % | $ | 454,863 |  | 100 | %
​ Contract Balances The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the nine months ended September 30, 2021 (in thousands): ​
​ | ​ | ​ | ​
​ |  | September 30, 2021
Contract assets, net | ​ | $ | 174,370
Contract liabilities (deferred revenue) | ​ |  | 362,543
Revenue recognized in the period from: | ​ |  |
Amounts included in contract liabilities at the beginning of the period | ​ |  | 145,012
​ Contract liabilities (deferred revenue) consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 | ​ | December 31, 2020
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Warranty: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
TASER | ​ | $ | 14,332 | ​ | $ | 10,763 | ​ | $ | 25,095 | ​ | $ | 11,635 | ​ | $ | 16,953 | ​ | $ | 28,588
Software and Sensors | ​ |  | 19,436 | ​ |  | 18,850 | ​ |  | 38,286 | ​ |  | 13,926 | ​ |  | 5,025 | ​ |  | 18,951
​ | ​ |  | 33,768 | ​ |  | 29,613 | ​ |  | 63,381 | ​ |  | 25,561 | ​ |  | 21,978 | ​ |  | 47,539
Hardware: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 24,775 | ​ |  | 9,252 | ​ |  | 34,027 | ​ |  | 16,314 | ​ |  | 14,304 | ​ |  | 30,618
Software and Sensors | ​ |  | 37,398 | ​ |  | 42,981 | ​ |  | 80,379 | ​ |  | 25,181 | ​ |  | 50,981 | ​ |  | 76,162
​ | ​ |  | 62,173 | ​ |  | 52,233 | ​ |  | 114,406 | ​ |  | 41,495 | ​ |  | 65,285 | ​ |  | 106,780
Services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 1,993 | ​ |  | 2,308 | ​ |  | 4,301 | ​ |  | 996 | ​ |  | 1,554 | ​ |  | 2,550
Software and Sensors | ​ |  | 152,717 | ​ |  | 27,738 | ​ |  | 180,455 | ​ |  | 95,907 | ​ |  | 22,405 | ​ |  | 118,312
​ | ​ | ​ | 154,710 | ​ | ​ | 30,046 | ​ | ​ | 184,756 | ​ | ​ | 96,903 | ​ | ​ | 23,959 | ​ | ​ | 120,862
Total | ​ | $ | 250,651 | ​ | $ | 111,892 | ​ | $ | 362,543 | ​ | $ | 163,959 | ​ | $ | 111,222 | ​ | $ | 275,181
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 | ​ | December 31, 2020
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
TASER | ​ | $ | 41,100 | ​ | $ | 22,323 | ​ | $ | 63,423 | ​ | $ | 28,945 | ​ | $ | 32,811 | ​ | $ | 61,756
Software and Sensors | ​ |  | 209,551 | ​ |  | 89,569 | ​ |  | 299,120 | ​ |  | 135,014 | ​ |  | 78,411 | ​ |  | 213,425
Total | ​ | $ | 250,651 | ​ | $ | 111,892 | ​ | $ | 362,543 | ​ | $ | 163,959 | ​ | $ | 111,222 | ​ | $ | 275,181
​ Remaining Performance Obligations As of September 30, 2021, we had approximately $2.39 billion of remaining performance obligations, which included both recognized contract liabilities as well as amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under Topic 606 as of September 30, 2021. We expect to recognize between 15% - 20% of this balance over the next twelve months, and generally expect the remainder to be recognized over the following five to seven years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.

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