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Axon's 4th Quarter Checks All the Boxes
Here's our initial take on Axon Enterprise's (NASDAQ: AXON) fourth-quarter financial report.There's plenty to like in this tech company's fourth-quarter results. The company's revenue grew by 34%, exceeding analysts' expectations as well as Axon's own.Not only did Axon surprise investors on the top line, but the company became more profitable. Its adjusted gross margin increased by 120 basis points year over year, and adjusted EPS handily exceeded expectations. Operating cash flow of $250 million represented a staggering 79% year-over-year growth rate.Continue reading
Here's our initial take on Axon Enterprise's (NASDAQ: AXON) fourth-quarter financial report.
There's plenty to like in this tech company's fourth-quarter results. The company's revenue grew by 34%, exceeding analysts' expectations as well as Axon's own.
Not only did Axon surprise investors on the top line, but the company became more profitable. Its adjusted gross margin increased by 120 basis points year over year, and adjusted EPS handily exceeded expectations. Operating cash flow of $250 million represented a staggering 79% year-over-year growth rate.
