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Segment Data (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Data |
Summary of operational information relative to the company's reportable segments | Information relative to our reportable segments was as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30,
​ | ​ | 2024 | ​ | 2023
TASER segment net sales | ​ | $ | 196,958 | ​ | $ | 154,410
Software and Sensors segment net sales | ​ | ​ | 307,141 | ​ | ​ | 220,195
Total consolidated net sales | ​ | $ | 504,099 | ​ | $ | 374,605
​ | ​ | ​ | ​ | ​ | ​ | ​
TASER adjusted gross margin | ​ | $ | 123,983 | ​ | $ | 93,989
Software and Sensors adjusted gross margin | ​ | ​ | 191,245 | ​ | ​ | 139,810
Consolidated adjusted gross margin | ​ | $ | 315,228 | ​ | $ | 233,799
Stock-based compensation expense | ​ | ​ | 8,517 | ​ | ​ | 1,678
Amortization of acquired intangible assets | ​ | ​ | 2,976 | ​ | ​ | —
Gross margin | ​ | $ | 303,735 | ​ | $ | 232,121
Sales, general and administrative | ​ | ​ | 169,427 | ​ | ​ | 119,922
Research and development | ​ | ​ | 101,434 | ​ | ​ | 71,940
Interest income, net | ​ | ​ | 9,782 | ​ | ​ | 9,663
Other income (loss), net | ​ | ​ | 7,934 | ​ | ​ | (62,031)
Income (loss) before provision for (benefit from) income taxes | ​ | $ | 50,590 | ​ | $ | (12,109)
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30,
​ | ​ | 2024 | ​ | 2023
TASER segment net sales | ​ | $ | 375,706 | ​ | $ | 288,692
Software and Sensors segment net sales | ​ | ​ | 589,129 | ​ | ​ | 428,956
Total consolidated net sales | ​ | $ | 964,835 | ​ | $ | 717,648
​ | ​ | ​ | ​ | ​ | ​ | ​
TASER adjusted gross margin | ​ | $ | 234,454 | ​ | $ | 177,818
Software and Sensors adjusted gross margin | ​ | ​ | 372,101 | ​ | ​ | 261,403
Consolidated adjusted gross margin | ​ | $ | 606,555 | ​ | $ | 439,221
Stock-based compensation expense | ​ | ​ | 38,112 | ​ | ​ | 2,998
Amortization of acquired intangible assets | ​ | ​ | 4,662 | ​ | ​ | —
Gross margin | ​ | $ | 563,781 | ​ | $ | 436,223
Sales, general and administrative | ​ | ​ | 322,096 | ​ | ​ | 236,489
Research and development | ​ | ​ | 192,531 | ​ | ​ | 142,867
Interest income, net | ​ | ​ | 20,156 | ​ | ​ | 19,329
Other income (loss), net | ​ | ​ | 147,000 | ​ | ​ | (46,421)
Income before provision for income taxes | ​ | $ | 216,310 | ​ | $ | 29,775
​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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