Axon reports Q3 2024 revenue of $544 million, up 32% year over year, raises outlook
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Axon reported a 32% increase in Q3 2024 revenue to $544 million and raised its full-year revenue outlook to approximately $2.07 billion. The company's Cloud & Services revenue grew by 36%, and it achieved a net income of $67 million. Axon expects a full-year Adjusted EBITDA margin of 24.6%.
November 07, 2024 | 9:15 pm
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Axon reported strong Q3 2024 results with a 32% revenue increase and raised its full-year revenue outlook. Cloud & Services revenue grew by 36%, and the company achieved a net income of $67 million.
Axon's strong Q3 results and raised full-year outlook indicate positive business momentum. The significant growth in Cloud & Services revenue and net income supports a likely positive impact on the stock price.
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