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Revenues | 9 Months Ended
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Sep. 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 September 30, 2023 | ​ | Three Months Ended September 30, 2022
​ |  | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER Devices (Professional) | ​ | $ | 86,718 | ​ | $ | — | ​ | $ | 86,718 | ​ | $ | 80,146 | ​ | $ | — | ​ | $ | 80,146
Cartridges | ​ |  | 54,279 | ​ | ​ | — | ​ | ​ | 54,279 | ​ |  | 46,475 | ​ | ​ | — | ​ | ​ | 46,475
Axon Evidence and Cloud Services | ​ |  | 8,975 | ​ | ​ | 150,563 | ​ | ​ | 159,538 | ​ |  | 5,125 | ​ | ​ | 96,814 | ​ | ​ | 101,939
Extended Warranties | ​ |  | 8,078 | ​ | ​ | 16,054 | ​ | ​ | 24,132 | ​ |  | 7,290 | ​ | ​ | 14,511 | ​ | ​ | 21,801
Axon Body Cameras and Accessories | ​ |  | — | ​ | ​ | 52,488 | ​ | ​ | 52,488 | ​ |  | — | ​ | ​ | 40,944 | ​ | ​ | 40,944
Axon Fleet Systems | ​ |  | — | ​ | ​ | 26,716 | ​ | ​ | 26,716 | ​ |  | — | ​ | ​ | 10,139 | ​ | ​ | 10,139
Other (1) (2) | ​ |  | 4,520 | ​ | ​ | 5,210 | ​ | ​ | 9,730 | ​ |  | 5,847 | ​ | ​ | 4,463 | ​ | ​ | 10,310
Total | ​ | $ | 162,570 | ​ | $ | 251,031 | ​ | $ | 413,601 | ​ | $ | 144,883 | ​ | $ | 166,871 | ​ | $ | 311,754
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30, 2023 | ​ | Nine Months Ended September 30, 2022
​ | ​ | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER Devices (Professional) | ​ | $ | 239,165 | ​ | ​ | — | ​ | $ | 239,165 | ​ | $ | 213,623 | ​ | $ | — | ​ | $ | 213,623
Cartridges | ​ |  | 149,504 | ​ | ​ | — | ​ | ​ | 149,504 | ​ |  | 134,145 | ​ | ​ | — | ​ | ​ | 134,145
Axon Evidence and Cloud Services | ​ |  | 24,670 | ​ | ​ | 400,979 | ​ | ​ | 425,649 | ​ |  | 11,862 | ​ | ​ | 258,664 | ​ | ​ | 270,526
Extended Warranties | ​ |  | 23,463 | ​ | ​ | 45,305 | ​ | ​ | 68,768 | ​ |  | 21,428 | ​ | ​ | 36,070 | ​ | ​ | 57,498
Axon Body Cameras and Accessories | ​ |  | — | ​ | ​ | 124,066 | ​ | ​ | 124,066 | ​ |  | — | ​ | ​ | 113,399 | ​ | ​ | 113,399
Axon Fleet Systems | ​ | ​ | — | ​ | ​ | 95,648 | ​ | ​ | 95,648 | ​ | ​ | — | ​ | ​ | 39,840 | ​ | ​ | 39,840
Other (1) (2) | ​ |  | 14,460 | ​ | ​ | 13,989 | ​ | ​ | 28,449 | ​ |  | 13,771 | ​ | ​ | 10,991 | ​ | ​ | 24,762
Total | ​ | $ | 451,262 | ​ | $ | 679,987 | ​ | $ | 1,131,249 | ​ | $ | 394,829 | ​ | $ | 458,964 | ​ | ​ | 853,793
​ ​
| (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 September 30, | ​ | ​ | Nine Months Ended September 30, |
​ | ​ | 2023 | ​ | ​ | 2022 | ​ | ​ | 2023 | ​ | 2022 |
United States |  | $ | 342,090 |  | 83 | % | ​ | $ | 264,644 |  | 85 | % | ​ | $ | 954,949 |  | 84 | % | $ | 707,304 |  | 83 | %
Other countries | ​ |  | 71,511 |  | 17 | ​ | ​ |  | 47,110 |  | 15 | ​ | ​ |  | 176,300 |  | 16 | ​ |  | 146,489 |  | 17 | ​
Total | ​ | $ | 413,601 |  | 100 | % | ​ | $ | 311,754 |  | 100 | % | ​ | $ | 1,131,249 |  | 100 | % | $ | 853,793 |  | 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, 2023 (in thousands): ​
​ | ​ | ​ | ​
​ |  | September 30, 2023
Contract assets, net | ​ | $ | 339,186
Contract liabilities (deferred revenue) | ​ |  | 724,973
Revenue recognized in the period from: | ​ |  |
Amounts included in contract liabilities at the beginning of the period | ​ |  | 279,223
​ Contract liabilities (deferred revenue) consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023 | ​ | December 31, 2022
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Extended Warranty: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
TASER | ​ | $ | 12,500 | ​ | $ | 16,748 | ​ | $ | 29,248 | ​ | $ | 14,207 | ​ | $ | 17,618 | ​ | $ | 31,825
Software and Sensors | ​ |  | 31,569 | ​ |  | 18,524 | ​ |  | 50,093 | ​ |  | 26,229 | ​ |  | 15,338 | ​ |  | 41,567
​ | ​ |  | 44,069 | ​ |  | 35,272 | ​ |  | 79,341 | ​ |  | 40,436 | ​ |  | 32,956 | ​ |  | 73,392
Hardware: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 28,908 | ​ |  | 29,056 | ​ |  | 57,964 | ​ |  | 49,361 | ​ |  | 12,640 | ​ |  | 62,001
Software and Sensors | ​ |  | 77,207 | ​ |  | 109,573 | ​ |  | 186,780 | ​ |  | 50,426 | ​ |  | 109,227 | ​ |  | 159,653
​ | ​ |  | 106,115 | ​ |  | 138,629 | ​ |  | 244,744 | ​ |  | 99,787 | ​ |  | 121,867 | ​ |  | 221,654
Services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 11,104 | ​ |  | 6,549 | ​ |  | 17,653 | ​ |  | 7,637 | ​ |  | 9,501 | ​ |  | 17,138
Software and Sensors | ​ |  | 293,603 | ​ |  | 89,632 | ​ |  | 383,235 | ​ |  | 212,177 | ​ |  | 83,679 | ​ |  | 295,856
​ | ​ | ​ | 304,707 | ​ | ​ | 96,181 | ​ | ​ | 400,888 | ​ | ​ | 219,814 | ​ | ​ | 93,180 | ​ | ​ | 312,994
Total | ​ | $ | 454,891 | ​ | $ | 270,082 | ​ | $ | 724,973 | ​ | $ | 360,037 | ​ | $ | 248,003 | ​ | $ | 608,040
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023 | ​ | December 31, 2022
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
TASER | ​ | $ | 52,512 | ​ | $ | 52,353 | ​ | $ | 104,865 | ​ | $ | 71,205 | ​ | $ | 39,759 | ​ | $ | 110,964
Software and Sensors | ​ |  | 402,379 | ​ |  | 217,729 | ​ |  | 620,108 | ​ |  | 288,832 | ​ | ​ | 208,244 | ​ | ​ | 497,076
Total | ​ | $ | 454,891 | ​ | $ | 270,082 | ​ | $ | 724,973 | ​ | $ | 360,037 | ​ | $ | 248,003 | ​ | $ | 608,040
​ Remaining Performance Obligations As of September 30, 2023, we had approximately $5.8 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 September 30, 2023. We expect to recognize between 15% - 25% of this balance over the next 12 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.

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