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Segment Data (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
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 September 30,
| 2024 |  | 2023
TASER segment net sales | $ | 221,734 |  |  | $ | 162,570 |
Software and Sensors segment net sales | 322,540 |  |  | 250,708 |
Total consolidated net sales | $ | 544,274 |  |  | $ | 413,278 |
TASER adjusted gross margin | $ | 139,632 |  |  | $ | 102,151 |
Software and Sensors adjusted gross margin | 204,258 |  |  | 157,147 |
Total segment adjusted gross margin | $ | 343,890 |  |  | $ | 259,298 |
Stock-based compensation expense | 10,123 |  |  | 1,687 |
Amortization of acquired intangible assets | 3,020 |  |  | 955 |
Gross margin | $ | 330,747 |  |  | $ | 256,656 |
Sales, general and administrative | 192,189 |  |  | 122,357 |
Research and development | 114,477 |  |  | 76,880 |
Interest income, net | 10,978 |  |  | 10,458 |
Other income (loss), net | 44,510 |  |  | 3,852 |
Income (loss) before provision for (benefit from) income taxes | $ | 79,569 |  |  | $ | 71,729 |
| Nine Months Ended September 30,
| 2024 |  | 2023
TASER segment net sales | $ | 597,441 |  |  | $ | 452,167 |
Software and Sensors segment net sales | 909,940 |  |  | 678,156 |
Total consolidated net sales | $ | 1,507,381 |  |  | $ | 1,130,323 |
TASER adjusted gross margin | $ | 374,072 |  |  | $ | 280,875 |
Software and Sensors adjusted gross margin | 577,992 |  |  | 417,460 |
Total segment adjusted gross margin | $ | 952,064 |  |  | $ | 698,335 |
Stock-based compensation expense | 48,235 |  |  | 4,685 |
Amortization of acquired intangible assets | 8,298 |  |  | 2,189 |
Gross margin | $ | 895,531 |  |  | $ | 691,461 |
Sales, general and administrative | 514,228 |  |  | 357,611 |
Research and development | 307,008 |  |  | 219,747 |
Interest income, net | 31,134 |  |  | 29,787 |
Other income (loss), net | 191,510 |  |  | (42,569) |
Income before provision for income taxes | $ | 296,939 |  |  | $ | 101,321 |

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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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