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v3.22.4

Revenues (Tables) | 12 Months Ended
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Dec. 31, 2022
Revenues. |
Summary of Revenue by Product and Service Offering and Geography | The following table presents our revenues by primary product and service offering (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022 | ​ | Year Ended December 31, 2021
​ |  | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER 7 | ​ | $ | 224,905 | ​ | $ | — | ​ | $ | 224,905 | ​ | $ | 135,906 | ​ | $ | — | ​ | $ | 135,906
TASER X26P | ​ |  | 33,725 | ​ |  | — | ​ |  | 33,725 | ​ |  | 40,629 | ​ |  | — | ​ |  | 40,629
TASER X2 | ​ |  | 24,068 | ​ |  | — | ​ |  | 24,068 | ​ |  | 58,081 | ​ |  | — | ​ |  | 58,081
TASER Consumer devices | ​ |  | 6,420 | ​ |  | — | ​ |  | 6,420 | ​ |  | 7,132 | ​ |  | — | ​ |  | 7,132
Cartridges | ​ |  | 181,686 | ​ |  | — | ​ |  | 181,686 | ​ |  | 152,842 | ​ |  | — | ​ |  | 152,842
Axon Body | ​ |  | — | ​ |  | 124,164 | ​ |  | 124,164 | ​ |  | — | ​ |  | 75,484 | ​ |  | 75,484
Axon Flex | ​ |  | — | ​ |  | 3,031 | ​ |  | 3,031 | ​ |  | — | ​ |  | 4,155 | ​ |  | 4,155
Axon Fleet | ​ |  | — | ​ |  | 63,017 | ​ |  | 63,017 | ​ |  | — | ​ |  | 24,319 | ​ |  | 24,319
Axon Dock | ​ |  | — | ​ |  | 30,086 | ​ |  | 30,086 | ​ |  | — | ​ |  | 24,441 | ​ |  | 24,441
Axon Evidence and cloud services | ​ |  | 18,752 | ​ |  | 371,889 | ​ |  | 390,641 | ​ |  | 9,159 | ​ |  | 246,005 | ​ |  | 255,164
Extended warranties | ​ |  | 29,008 | ​ |  | 49,765 | ​ |  | 78,773 | ​ |  | 24,125 | ​ |  | 33,686 | ​ |  | 57,811
Other | ​ |  | 13,002 | ​ |  | 16,417 | ​ |  | 29,419 | ​ |  | 9,053 | ​ |  | 18,364 | ​ |  | 27,417
Total | ​ | $ | 531,566 | ​ | $ | 658,369 | ​ | $ | 1,189,935 | ​ | $ | 436,927 | ​ | $ | 426,454 | ​ | $ | 863,381
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2020
​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total
TASER 7 | ​ | $ | 107,506 | ​ | $ | — | ​ | $ | 107,506
TASER X26P | ​ |  | 41,724 | ​ |  | — | ​ |  | 41,724
TASER X2 | ​ |  | 60,107 | ​ |  | — | ​ |  | 60,107
TASER Consumer devices | ​ |  | 9,407 | ​ |  | — | ​ |  | 9,407
Cartridges | ​ |  | 115,193 | ​ |  | — | ​ |  | 115,193
Axon Body | ​ |  | — | ​ |  | 57,150 | ​ |  | 57,150
Axon Flex | ​ |  | — | ​ |  | 4,082 | ​ |  | 4,082
Axon Fleet | ​ |  | — | ​ |  | 20,108 | ​ |  | 20,108
Axon Dock | ​ |  | — | ​ |  | 19,723 | ​ |  | 19,723
Axon Evidence and cloud services | ​ |  | 2,935 | ​ |  | 176,797 | ​ |  | 179,732
Extended warranties | ​ |  | 20,754 | ​ |  | 24,408 | ​ |  | 45,162
Other | ​ |  | 8,926 | ​ |  | 12,183 | ​ |  | 21,109
Total | ​ | $ | 366,552 | ​ | $ | 314,451 | ​ | $ | 681,003
​ The following table presents our revenues disaggregated by geography (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
​ | ​ | 2022 | ​ | 2021 | ​ | 2020 |
United States |  | $ | 987,975 |  | 83 | % | $ | 686,914 |  | 80 | % | $ | 535,079 |  | 79 | %
Other Countries | ​ |  | 201,960 | ​ | 17 | ​ |  | 176,467 | ​ | 20 | ​ |  | 145,924 |  | 21 | ​
Total | ​ | $ | 1,189,935 | ​ | 100 | % | $ | 863,381 | ​ | 100 | % | $ | 681,003 |  | 100 | %
​
Contract with Customer, Assets and Liabilities | The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the year ended December 31, 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
Contract assets, net | ​ | $ | 242,072 | ​ | $ | 210,174 | ​ | $ | 84,044
Contract liabilities (deferred revenue) | ​ |  | 608,040 |  |  | 451,312 |  |  | 275,181
Revenue recognized in the period from: | ​ |  |  |  |  |  |  |  |
Amounts included in contract liabilities at the beginning of the period | ​ |  | 261,271 |  |  | 177,812 |  |  | 135,513
​ During the year ended December 31, 2022, our contract assets balance increased by $31.9 million or 15.2% due to increased sales under subscription plans. Contract liabilities increased $156.7 million or 34.7% for the year ended December 31, 2022 due to increased subscription invoicing for Software and Sensors hardware and services in advance of fulfilling performance obligations to customers. Contract liabilities (deferred revenue) consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Warranty: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
TASER | ​ | $ | 14,207 | ​ | $ | 17,618 | ​ | $ | 31,825 | ​ | $ | 21,257 | ​ | $ | 4,766 | ​ | $ | 26,023
Software and Sensors | ​ |  | 26,229 | ​ |  | 15,338 | ​ |  | 41,567 | ​ |  | 23,175 | ​ |  | 18,137 | ​ |  | 41,312
​ | ​ |  | 40,436 | ​ |  | 32,956 | ​ |  | 73,392 | ​ |  | 44,432 | ​ |  | 22,903 | ​ |  | 67,335
Hardware: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 49,361 | ​ |  | 12,640 | ​ |  | 62,001 | ​ |  | 12,944 | ​ |  | 28,727 | ​ |  | 41,671
Software and Sensors | ​ |  | 50,426 | ​ |  | 109,227 | ​ |  | 159,653 | ​ |  | 34,862 | ​ |  | 81,223 | ​ |  | 116,085
​ | ​ |  | 99,787 | ​ |  | 121,867 | ​ |  | 221,654 | ​ |  | 47,806 | ​ |  | 109,950 | ​ |  | 157,756
Services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 7,637 | ​ |  | 9,501 | ​ |  | 17,138 | ​ |  | 2,701 | ​ |  | 3,482 | ​ |  | 6,183
Software and Sensors | ​ |  | 212,177 | ​ |  | 83,679 | ​ |  | 295,856 | ​ |  | 170,652 | ​ |  | 49,386 | ​ |  | 220,038
​ | ​ | ​ | 219,814 | ​ | ​ | 93,180 | ​ | ​ | 312,994 | ​ | ​ | 173,353 | ​ | ​ | 52,868 | ​ | ​ | 226,221
Total | ​ | $ | 360,037 | ​ | $ | 248,003 | ​ | $ | 608,040 | ​ | $ | 265,591 | ​ | $ | 185,721 | ​ | $ | 451,312
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
TASER | ​ | $ | 71,205 | ​ | $ | 39,759 | ​ | $ | 110,964 | ​ | $ | 36,902 | ​ | $ | 36,975 | ​ | $ | 73,877
Software and Sensors | ​ |  | 288,832 | ​ |  | 208,244 | ​ |  | 497,076 | ​ |  | 228,689 | ​ |  | 148,746 | ​ |  | 377,435
Total | ​ | $ | 360,037 | ​ | $ | 248,003 | ​ | $ | 608,040 | ​ | $ | 265,591 | ​ | $ | 185,721 | ​ | $ | 451,312
​
Capitalized Contract Cost | As of December 31, 2022, our assets for costs to obtain contracts were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022 | ​ | December 31, 2021
Current deferred commissions (1) | ​ | $ | 29,405 | ​ | $ | 19,962
Deferred commissions, net of current portion (2) | ​ |  | 93,213 | ​ |  | 54,028
​ | ​ | $ | 122,618 | ​ | $ | 73,990
(1) | Current deferred commissions are included within prepaid expenses and other current assets on the accompanying consolidated balance sheet.
(2) | Deferred commissions, net of current portion, are included in other assets on the accompanying consolidated balance sheet.

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