XML 18 R9.htm IDEA: XBRL DOCUMENT
v3.23.2

Revenues | 6 Months Ended
--- | ---
Jun. 30, 2023
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 June 30, 2023 | ​ | Three Months Ended June 30, 2022
​ |  | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER Devices (Professional) | ​ | $ | 84,975 | ​ | $ | — | ​ | $ | 84,975 | ​ | $ | 70,313 | ​ | $ | — | ​ | $ | 70,313
Cartridges | ​ |  | 48,425 | ​ | ​ | — | ​ | ​ | 48,425 | ​ |  | 49,845 | ​ | ​ | — | ​ | ​ | 49,845
Axon Evidence and Cloud Services | ​ |  | 8,494 | ​ | ​ | 132,102 | ​ | ​ | 140,596 | ​ |  | 3,720 | ​ | ​ | 81,911 | ​ | ​ | 85,631
Extended Warranties | ​ |  | 7,715 | ​ | ​ | 15,166 | ​ | ​ | 22,881 | ​ |  | 7,459 | ​ | ​ | 12,498 | ​ | ​ | 19,957
Axon Body Cameras and Accessories | ​ |  | — | ​ | ​ | 32,781 | ​ | ​ | 32,781 | ​ |  | — | ​ | ​ | 33,938 | ​ | ​ | 33,938
Axon Fleet Systems | ​ |  | — | ​ | ​ | 35,960 | ​ | ​ | 35,960 | ​ |  | — | ​ | ​ | 15,881 | ​ | ​ | 15,881
Other (1) (2) | ​ |  | 4,801 | ​ | ​ | 4,186 | ​ | ​ | 8,987 | ​ |  | 4,249 | ​ | ​ | 5,799 | ​ | ​ | 10,048
Total | ​ | $ | 154,410 | ​ | $ | 220,195 | ​ | $ | 374,605 | ​ | $ | 135,586 | ​ | $ | 150,027 | ​ | $ | 285,613
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six Months Ended June 30, 2023 | ​ | Six Months Ended June 30, 2022
​ | ​ | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER Devices (Professional) | ​ | $ | 152,447 | ​ | $ | — | ​ | $ | 152,447 | ​ | $ | 133,477 | ​ | $ | — | ​ | $ | 133,477
Cartridges | ​ |  | 95,225 | ​ | ​ | — | ​ | ​ | 95,225 | ​ |  | 87,670 | ​ | ​ | — | ​ | ​ | 87,670
Axon Evidence and Cloud Services | ​ |  | 15,695 | ​ | ​ | 250,416 | ​ | ​ | 266,111 | ​ |  | 6,737 | ​ | ​ | 161,850 | ​ | ​ | 168,587
Extended Warranties | ​ |  | 15,385 | ​ | ​ | 29,251 | ​ | ​ | 44,636 | ​ |  | 14,138 | ​ | ​ | 21,559 | ​ | ​ | 35,697
Axon Body Cameras and Accessories | ​ |  | — | ​ | ​ | 71,578 | ​ | ​ | 71,578 | ​ |  | — | ​ | ​ | 72,455 | ​ | ​ | 72,455
Axon Fleet Systems | ​ | ​ | — | ​ | ​ | 68,932 | ​ | ​ | 68,932 | ​ | ​ | — | ​ | ​ | 29,701 | ​ | ​ | 29,701
Other (1) (2) | ​ |  | 9,940 | ​ | ​ | 8,779 | ​ | ​ | 18,719 | ​ |  | 7,924 | ​ | ​ | 6,528 | ​ | ​ | 14,452
Total | ​ | $ | 288,692 | ​ | $ | 428,956 | ​ | $ | 717,648 | ​ | $ | 249,946 | ​ | $ | 292,093 | ​ | ​ | 542,039
​ ​
| (1) | TASER segment “Other” includes smaller categories, such as Virtual Reality (“VR”) hardware, weapons training revenue such as revenue associated with our Master Instructor School, and TASER consumer device sales.
| (2) | Software and Sensors segment “Other” includes revenue from items including Signal Sidearm, Interview Room and Axon Air.
​ The following table presents our revenues disaggregated by geography (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | ​ | Six Months Ended June 30, |
​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2023 | ​ | 2022 |
United States |  | $ | 321,921 |  | 86 | % | ​ | $ | 228,446 |  | 80 | % | ​ | $ | 612,859 |  | 85 | % | $ | 442,660 |  | 82 | %
Other countries | ​ |  | 52,684 |  | 14 | ​ | ​ |  | 57,167 |  | 20 | ​ | ​ |  | 104,789 |  | 15 | ​ |  | 99,379 |  | 18 | ​
Total | ​ | $ | 374,605 |  | 100 | % | ​ | $ | 285,613 |  | 100 | % | ​ | $ | 717,648 |  | 100 | % | $ | 542,039 |  | 100 | %
​ Contract Balances The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the six months ended June 30, 2023 (in thousands): ​
​ | ​ | ​ | ​
​ |  | June 30, 2023
Contract assets, net | ​ | $ | 330,506
Contract liabilities (deferred revenue) | ​ |  | 677,670
Revenue recognized in the period from: | ​ |  |
Amounts included in contract liabilities at the beginning of the period | ​ |  | 221,765
​ Contract liabilities (deferred revenue) consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023 | ​ | December 31, 2022
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Warranty: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
TASER | ​ | $ | 13,648 | ​ | $ | 16,944 | ​ | $ | 30,592 | ​ | $ | 14,207 | ​ | $ | 17,618 | ​ | $ | 31,825
Software and Sensors | ​ |  | 29,138 | ​ |  | 15,293 | ​ |  | 44,431 | ​ |  | 26,229 | ​ |  | 15,338 | ​ |  | 41,567
​ | ​ |  | 42,786 | ​ |  | 32,237 | ​ |  | 75,023 | ​ |  | 40,436 | ​ |  | 32,956 | ​ |  | 73,392
Hardware: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 31,652 | ​ |  | 31,503 | ​ |  | 63,155 | ​ |  | 49,361 | ​ |  | 12,640 | ​ |  | 62,001
Software and Sensors | ​ |  | 64,101 | ​ |  | 105,574 | ​ |  | 169,675 | ​ |  | 50,426 | ​ |  | 109,227 | ​ |  | 159,653
​ | ​ |  | 95,753 | ​ |  | 137,077 | ​ |  | 232,830 | ​ |  | 99,787 | ​ |  | 121,867 | ​ |  | 221,654
Services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 7,575 | ​ |  | 8,402 | ​ |  | 15,977 | ​ |  | 7,637 | ​ |  | 9,501 | ​ |  | 17,138
Software and Sensors | ​ |  | 266,098 | ​ |  | 87,742 | ​ |  | 353,840 | ​ |  | 212,177 | ​ |  | 83,679 | ​ |  | 295,856
​ | ​ | ​ | 273,673 | ​ | ​ | 96,144 | ​ | ​ | 369,817 | ​ | ​ | 219,814 | ​ | ​ | 93,180 | ​ | ​ | 312,994
Total | ​ | $ | 412,212 | ​ | $ | 265,458 | ​ | $ | 677,670 | ​ | $ | 360,037 | ​ | $ | 248,003 | ​ | $ | 608,040
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023 | ​ | December 31, 2022
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
TASER | ​ | $ | 52,875 | ​ | $ | 56,849 | ​ | $ | 109,724 | ​ | $ | 71,205 | ​ | $ | 39,759 | ​ | $ | 110,964
Software and Sensors | ​ |  | 359,337 | ​ |  | 208,609 | ​ |  | 567,946 | ​ |  | 288,832 | ​ | ​ | 208,244 | ​ | ​ | 497,076
Total | ​ | $ | 412,212 | ​ | $ | 265,458 | ​ | $ | 677,670 | ​ | $ | 360,037 | ​ | $ | 248,003 | ​ | $ | 608,040
​ Remaining Performance Obligations As of June 30, 2023, we had approximately $5.2 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 Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, as of June 30, 2023. We expect to recognize between 15% - 25% of this balance over the next twelve months, and generally expect the remainder to be recognized over the following ten years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration