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v3.24.3

Revenues (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Summary of revenue by product and service offering and geography | The following tables present our revenues by primary product and service offering and reportable segment (in thousands):
| Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023
| TASER |  | Software and Sensors |  | Total |  | TASER |  | Software and Sensors |  | Total
TASER Devices (Professional) | $ | 130,515 |  |  | $ | — |  |  | $ | 130,515 |  |  | $ | 86,718 |  |  | $ | — |  |  | $ | 86,718 |
Cartridges | 60,179 |  |  | — |  |  | 60,179 |  |  | 54,279 |  |  | — |  |  | 54,279 |
Axon Evidence and Cloud Services | 13,861 |  |  | 203,481 |  |  | 217,342 |  |  | 8,975 |  |  | 151,518 |  |  | 160,493 |
Extended Warranties | 9,729 |  |  | 17,306 |  |  | 27,035 |  |  | 8,078 |  |  | 14,046 |  |  | 22,124 |
Axon Body Cameras and Accessories | — |  |  | 70,363 |  |  | 70,363 |  |  | — |  |  | 52,488 |  |  | 52,488 |
Axon Fleet Systems | — |  |  | 23,239 |  |  | 23,239 |  |  | — |  |  | 27,336 |  |  | 27,336 |
Other (1) (2) | 7,450 |  |  | 8,151 |  |  | 15,601 |  |  | 4,520 |  |  | 5,320 |  |  | 9,840 |
Total | $ | 221,734 |  |  | $ | 322,540 |  |  | $ | 544,274 |  |  | $ | 162,570 |  |  | $ | 250,708 |  |  | $ | 413,278 |
| Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023
| TASER |  | Software and Sensors |  | Total |  | TASER |  | Software and Sensors |  | Total
TASER Devices (Professional) | $ | 333,815 |  |  | $ | — |  |  | $ | 333,815 |  |  | $ | 239,165 |  |  | $ | — |  |  | $ | 239,165 |
Cartridges | 181,792 |  |  | — |  |  | 181,792 |  |  | 149,504 |  |  | — |  |  | 149,504 |
Axon Evidence and Cloud Services | 40,297 |  |  | 570,222 |  |  | 610,519 |  |  | 25,575 |  |  | 401,281 |  |  | 426,856 |
Extended Warranties | 27,164 |  |  | 48,651 |  |  | 75,815 |  |  | 23,463 |  |  | 40,194 |  |  | 63,657 |
Axon Body Cameras and Accessories | — |  |  | 180,592 |  |  | 180,592 |  |  | — |  |  | 124,066 |  |  | 124,066 |
Axon Fleet Systems | — |  |  | 79,620 |  |  | 79,620 |  |  | — |  |  | 99,015 |  |  | 99,015 |
Other (1) (2) | 14,373 |  |  | 30,855 |  |  | 45,228 |  |  | 14,460 |  |  | 13,600 |  |  | 28,060 |
Total | $ | 597,441 |  |  | $ | 909,940 |  |  | $ | 1,507,381 |  |  | $ | 452,167 |  |  | $ | 678,156 |  |  | $ | 1,130,323 |
(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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 482,596 |  |  | 89 | % |  | $ | 341,767 |  |  | 83 | % |  | $ | 1,298,775 |  |  | 86 | % |  | $ | 954,023 |  |  | 84 | %
Other countries | 61,678 |  |  | 11 |  |  | 71,511 |  |  | 17 |  |  | 208,606 |  |  | 14 |  |  | 176,300 |  |  | 16 |
Total | $ | 544,274 |  |  | 100 | % |  | $ | 413,278 |  |  | 100 | % |  | $ | 1,507,381 |  |  | 100 | % |  | $ | 1,130,323 |  |  | 100 | %
Summary of contract with customer, assets and liabilities | 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, 2024 (in thousands):
| September 30, 2024
Contract assets, net | $ | 492,896 |
Contract liabilities (deferred revenue) | 810,422 |
Revenue recognized in the period from: |
Amounts included in contract liabilities at the beginning of the period | 432,411 |
Contract liabilities (deferred revenue) consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023
| Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
Extended Warranty: |  |  |  |  |  |  |  |  |  |  |
TASER | $ | 15,783 |  |  | $ | 18,162 |  |  | $ | 33,945 |  |  | $ | 14,666 |  |  | $ | 18,828 |  |  | $ | 33,494 |
Software and Sensors | 20,300 |  |  | 8,749 |  |  | 29,049 |  |  | 22,642 |  |  | 8,165 |  |  | 30,807 |
| 36,083 |  |  | 26,911 |  |  | 62,994 |  |  | 37,308 |  |  | 26,993 |  |  | 64,301 |
Hardware: |  |  |  |  |  |  |  |  |  |  |
TASER | 43,322 |  |  | 32,737 |  |  | 76,059 |  |  | 35,845 |  |  | 29,689 |  |  | 65,534 |
Software and Sensors | 65,067 |  |  | 136,105 |  |  | 201,172 |  |  | 63,299 |  |  | 117,024 |  |  | 180,323 |
| 108,389 |  |  | 168,842 |  |  | 277,231 |  |  | 99,144 |  |  | 146,713 |  |  | 245,857 |
Services: |  |  |  |  |  |  |  |  |  |  |
TASER | 8,510 |  |  | 5,141 |  |  | 13,651 |  |  | 7,832 |  |  | 3,983 |  |  | 11,815 |
Software and Sensors | 352,026 |  |  | 104,520 |  |  | 456,546 |  |  | 326,131 |  |  | 93,212 |  |  | 419,343 |
| 360,536 |  |  | 109,661 |  |  | 470,197 |  |  | 333,963 |  |  | 97,195 |  |  | 431,158 |
Total | $ | 505,008 |  |  | $ | 305,414 |  |  | $ | 810,422 |  |  | $ | 470,415 |  |  | $ | 270,901 |  |  | $ | 741,316 |
| September 30, 2024 |  | December 31, 2023
| Current |  | Long-Term |  | Total |  | Current |  | Long-Term |  | Total
TASER | $ | 67,615 |  |  | $ | 56,040 |  |  | $ | 123,655 |  |  | $ | 58,343 |  |  | $ | 52,500 |  |  | $ | 110,843 |
Software and Sensors | 437,393 |  |  | 249,374 |  |  | 686,767 |  |  | 412,072 |  |  | 218,401 |  |  | 630,473 |
Total | $ | 505,008 |  |  | $ | 305,414 |  |  | $ | 810,422 |  |  | $ | 470,415 |  |  | $ | 270,901 |  |  | $ | 741,316 |

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