Unknown Analyst's questions to Axon Enterprise Inc (AXON) leadership • Q3 2024
Question
An analyst from Northcoast Research asked how much of the strong Q3 TASER growth was due to catching up on manufacturing capacity versus organic demand, and questioned the cause of the low sequential growth in services revenue.
Answer
CFO Brittany Bagley explained the TASER result was a combination of strong, ongoing demand outpacing supply and the company's increased ability to ship into that demand, not just clearing a backlog. For services, she noted a lag where Q3 revenue reflects Q2 bookings, and that lower Fleet hardware deployments in Q3 led to less associated professional services revenue, which offset software growth.