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Revenues | 6 Months Ended
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Jun. 30, 2024
Revenues. |
Revenues | Note 2 - Revenues Nature of Products and Services The following tables present our revenues by primary product and service offering and reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2024 | ​ | Three Months Ended June 30, 2023
​ |  | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER Devices (Professional) | ​ | $ | 104,624 | ​ | $ | — | ​ | $ | 104,624 | ​ | $ | 84,975 | ​ | $ | — | ​ | $ | 84,975
Cartridges | ​ |  | 65,415 | ​ | ​ | — | ​ | ​ | 65,415 | ​ |  | 48,425 | ​ | ​ | — | ​ | ​ | 48,425
Axon Evidence and Cloud Services | ​ |  | 14,215 | ​ | ​ | 192,735 | ​ | ​ | 206,950 | ​ |  | 8,494 | ​ | ​ | 132,102 | ​ | ​ | 140,596
Extended Warranties | ​ |  | 8,908 | ​ | ​ | 18,310 | ​ | ​ | 27,218 | ​ |  | 7,715 | ​ | ​ | 15,166 | ​ | ​ | 22,881
Axon Body Cameras and Accessories | ​ |  | — | ​ | ​ | 59,024 | ​ | ​ | 59,024 | ​ |  | — | ​ | ​ | 32,781 | ​ | ​ | 32,781
Axon Fleet Systems | ​ |  | — | ​ | ​ | 26,601 | ​ | ​ | 26,601 | ​ |  | — | ​ | ​ | 35,960 | ​ | ​ | 35,960
Other (1) (2) | ​ |  | 3,796 | ​ | ​ | 10,471 | ​ | ​ | 14,267 | ​ |  | 4,801 | ​ | ​ | 4,186 | ​ | ​ | 8,987
Total | ​ | $ | 196,958 | ​ | $ | 307,141 | ​ | $ | 504,099 | ​ | $ | 154,410 | ​ | $ | 220,195 | ​ | $ | 374,605
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six Months Ended June 30, 2024 | ​ | Six Months Ended June 30, 2023
​ | ​ | ​ | ​ |  | Software and |  | ​ | ​ |  | ​ | ​ |  | Software and |  | ​ | ​
​ | ​ | TASER | ​ | Sensors | ​ | Total | ​ | TASER | ​ | Sensors | ​ | Total
TASER Devices (Professional) | ​ | $ | 203,300 | ​ | $ | — | ​ | $ | 203,300 | ​ | $ | 152,447 | ​ | $ | — | ​ | $ | 152,447
Cartridges | ​ |  | 121,613 | ​ | ​ | — | ​ | ​ | 121,613 | ​ |  | 95,225 | ​ | ​ | — | ​ | ​ | 95,225
Axon Evidence and Cloud Services | ​ |  | 26,436 | ​ | ​ | 368,193 | ​ | ​ | 394,629 | ​ |  | 15,695 | ​ | ​ | 250,416 | ​ | ​ | 266,111
Extended Warranties | ​ |  | 17,434 | ​ | ​ | 36,784 | ​ | ​ | 54,218 | ​ |  | 15,385 | ​ | ​ | 29,251 | ​ | ​ | 44,636
Axon Body Cameras and Accessories | ​ |  | — | ​ | ​ | 110,229 | ​ | ​ | 110,229 | ​ |  | — | ​ | ​ | 71,578 | ​ | ​ | 71,578
Axon Fleet Systems | ​ | ​ | — | ​ | ​ | 54,988 | ​ | ​ | 54,988 | ​ | ​ | — | ​ | ​ | 68,932 | ​ | ​ | 68,932
Other (1) (2) | ​ |  | 6,923 | ​ | ​ | 18,935 | ​ | ​ | 25,858 | ​ |  | 9,940 | ​ | ​ | 8,779 | ​ | ​ | 18,719
Total | ​ | $ | 375,706 | ​ | $ | 589,129 | ​ | $ | 964,835 | ​ | $ | 288,692 | ​ | $ | 428,956 | ​ | ​ | 717,648
​
| (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, Axon Air and other sensors and equipment.
​ ​ The following table presents our revenues disaggregated by geography (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | ​ | Six Months Ended June 30, |
​ | ​ | 2024 | ​ | ​ | 2023 | ​ | ​ | 2024 | ​ | 2023 |
United States |  | $ | 425,501 |  | 84 | % | ​ | $ | 321,921 |  | 86 | % | ​ | $ | 817,907 |  | 85 | % | $ | 612,859 |  | 85 | %
Other countries | ​ |  | 78,598 |  | 16 | ​ | ​ |  | 52,684 |  | 14 | ​ | ​ |  | 146,928 |  | 15 | ​ |  | 104,789 |  | 15 | ​
Total | ​ | $ | 504,099 |  | 100 | % | ​ | $ | 374,605 |  | 100 | % | ​ | $ | 964,835 |  | 100 | % | $ | 717,648 |  | 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, 2024 (in thousands): ​
​ | ​ | ​ | ​
​ |  | June 30, 2024
Contract assets, net | ​ | $ | 450,638
Contract liabilities (deferred revenue) | ​ |  | 777,293
Revenue recognized in the period from: | ​ |  |
Amounts included in contract liabilities at the beginning of the period | ​ |  | 327,266
​ Contract liabilities (deferred revenue) consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | December 31, 2023
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Extended Warranty: |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
TASER | ​ | $ | 14,628 | ​ | $ | 18,168 | ​ | $ | 32,796 | ​ | $ | 14,773 | ​ | $ | 18,828 | ​ | $ | 33,601
Software and Sensors | ​ |  | 32,274 | ​ |  | 17,907 | ​ |  | 50,181 | ​ |  | 33,940 | ​ |  | 16,036 | ​ |  | 49,976
​ | ​ |  | 46,902 | ​ |  | 36,075 | ​ |  | 82,977 | ​ |  | 48,713 | ​ |  | 34,864 | ​ |  | 83,577
Hardware: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 51,708 | ​ | ​ | 27,343 | ​ |  | 79,051 | ​ |  | 42,464 | ​ |  | 29,689 | ​ |  | 72,153
Software and Sensors | ​ |  | 65,462 | ​ | ​ | 117,643 | ​ |  | 183,105 | ​ |  | 62,635 | ​ |  | 117,024 | ​ |  | 179,659
​ | ​ |  | 117,170 | ​ |  | 144,986 | ​ |  | 262,156 | ​ |  | 105,099 | ​ |  | 146,713 | ​ |  | 251,812
Services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
TASER | ​ |  | 6,889 | ​ | ​ | 4,557 | ​ |  | 11,446 | ​ |  | 7,939 | ​ |  | 3,983 | ​ |  | 11,922
Software and Sensors | ​ |  | 314,908 | ​ | ​ | 105,806 | ​ |  | 420,714 | ​ |  | 329,940 | ​ |  | 96,292 | ​ |  | 426,232
​ | ​ | ​ | 321,797 | ​ | ​ | 110,363 | ​ | ​ | 432,160 | ​ | ​ | 337,879 | ​ | ​ | 100,275 | ​ | ​ | 438,154
Total | ​ | $ | 485,869 | ​ | $ | 291,424 | ​ | $ | 777,293 | ​ | $ | 491,691 | ​ | $ | 281,852 | ​ | $ | 773,543
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | December 31, 2023
​ |  | Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
TASER | ​ | $ | 73,225 | ​ | $ | 50,068 | ​ | $ | 123,293 | ​ | $ | 65,176 | ​ | $ | 52,500 | ​ | $ | 117,676
Software and Sensors | ​ |  | 412,644 | ​ |  | 241,356 | ​ |  | 654,000 | ​ |  | 426,515 | ​ | ​ | 229,352 | ​ | ​ | 655,867
Total | ​ | $ | 485,869 | ​ | $ | 291,424 | ​ | $ | 777,293 | ​ | $ | 491,691 | ​ | $ | 281,852 | ​ | $ | 773,543
​ Remaining Performance Obligations As of June 30, 2024, we had approximately $7.4 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, 2024. We currently 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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