Axon Enterprise: This Resilient Business Continues To Kick Goals
31% revenue growth, highest operating margins since 2018, bullish guidance, reducing SBC, and a strong net cash position. What's not to love?
Dear readers,
Please see below the link for an exclusive article I published last night on Seeking Alpha discussing Axon Enterprise’s latest Q2 results.
Axon Enterprise: This Resilient Business Continues to Kick Goals
Some highlights from the quarter:
New article on #AXON latest Q2 results. Another fantastic quarter:
- 31% rev growth (what recession!?)
- 7% op margin (highest since 2018)
- Expect them to turn on the “free cash flow spigot” for Q3/Q4
- SBC down to 7% of revenue
- $356m cash and no debt
Axon shares are up 51% since I published my last article on June 17th (vs. 17% for the S&P 500) but I still think shares have a lot of room to run over the coming 3-5 years.
Cheers,
Jordan