Q4 22 EPS
$0.70
BEAT +37.25%
Est. $0.51
Q4 22 Revenue
$336.1M
BEAT +9.90%
Est. $305.9M
vs S&P Since Q4 22
+11.3%
BEATING MARKET
AXON +93.9% vs S&P +82.6%
Full Year 2022 Results
FY 22 EPS
$2.19
FY 22 Revenue
$1.19B
Market Reaction
Did AXON Beat Earnings? Q4 2022 Results
Axon Enterprise delivered a standout fourth quarter to close fiscal 2022, posting earnings of $0.70 per diluted share on a non-GAAP basis, well ahead of the $0.51 consensus estimate, while revenue of $336.14 million beat expectations by 9.90% and gre… Read more Axon Enterprise delivered a standout fourth quarter to close fiscal 2022, posting earnings of $0.70 per diluted share on a non-GAAP basis, well ahead of the $0.51 consensus estimate, while revenue of $336.14 million beat expectations by 9.90% and grew 54.5% year over year. The primary engine behind that growth was Axon Cloud, where Q4 revenue climbed 65% year over year to $113.54 million, helping push annual recurring revenue to $473.00 million and reflecting a net revenue retention rate of 121% that signals strong customer expansion within the existing base. Full-year revenue crossed $1.19 billion, up 38%, and adjusted EBITDA reached $232.31 million at a 19.5% margin, while free cash flow of $119.42 million in the quarter underscored the company's improving cash generation profile. Looking ahead, management guided 2023 revenue to at least $1.43 billion, targeting a 20% adjusted EBITDA margin, with a longer-range goal of reaching $2.00 billion in revenue and 25% adjusted EBITDA margins by 2025.
Key Takeaways
- • Strong domestic demand for premium integrated bundles driving 66% domestic revenue growth in Q4
- • Axon Cloud software suite as top growth driver with 50% annual revenue growth
- • Strong Axon Fleet in-car camera shipments reflecting high demand and improved inventory execution
- • Subscription transition: 79% of TASER devices sold on subscription in Q4
- • Net revenue retention of 121% reflecting strong upselling and minimal attrition
- • Annual Recurring Revenue growth of 45% to $473 million
AXON YoY Financials
Q4 2022 vs Q4 2021, source: SEC Filings
AXON Revenue by Segment
With YoY comparisons, source: SEC Filings
AXON Revenue by Geography
With YoY comparisons, source: SEC Filings
AXON Earnings Trends
AXON vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AXON EPS Trend
Earnings per share: estimate vs actual
AXON Revenue Trend
Quarterly revenue: estimate vs actual
AXON Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.60 | $2.15 | +34.38% | $796.7M | +5.59% |
| FY Full Year | $6.32 | $6.85 | +8.47% | $2.78B | +1.54% |
| Q3 25 MISS | $1.54 | $1.17 | -24.08% | $710.6M | +0.82% |
| Q2 25 BEAT | $1.46 | $2.12 | +45.02% | $668.5M | +4.30% |
| Q1 25 BEAT | $1.24 | $1.41 | +13.52% | $603.6M | +2.95% |
| Q4 22 BEAT FY | $0.51 | $0.70 | +37.25% | $336.1M | +9.90% |
| FY Full Year | — | $2.19 | — | $1.19B | — |