Axon Enterprise (AXON) FY2013 results: revenue $138 million, up 20.1% on the year
Axon Enterprise, Inc. (AXON) reported revenue of $138 million for fiscal 2013, the year ended 31 December 2013, up 20.1% on the year before. Net income was $18 million, up 23.8%, and diluted earnings per share $0.34. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2014.
Revenue
$138 million
+20.1% on the year
FY2009FY2013
Operating margin
20.3%
19.6% a year earlier
FY2009FY2013
Net income
$18 million
+23.8% on the year
FY2009FY2013
Diluted EPS
$0.34
+25.9% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
138
115
90.0
+20.1%
Cost of revenue
52.0
47.0
41.8
+10.5%
Gross profit
85.8
67.7
44.5
+26.8%
Gross margin
62.3%
59.0%
49.5%
Research and development
9.9
8.1
10.0
+21.5%
Selling, general and administrative
46.6
39.2
38.0
+18.7%
Operating income
27.9
22.5
-10.9
+24.1%
Operating margin
20.3%
19.6%
-12.1%
Pre-tax income
28.0
22.6
-9.6
+24.0%
Income tax
9.8
7.9
-2.6
+24.3%
Effective tax rate
34.9%
34.8%
n/a
Net income
18.2
14.7
-7.0
+23.8%
Net margin
13.2%
12.8%
-7.8%
Diluted EPS
$0.34
$0.27
-$0.12
+25.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
32.4
26.5
17.3
+22.3%
Capital expenditure
1.8
1.3
1.9
+33.7%
Free cash flow
30.6
25.2
15.4
+21.7%
Free cash flow margin
22.2%
21.9%
17.1%
Cash from investing
-23.1
1.7
-7.6
Cash from financing
-3.2
-13.4
-31.1
Depreciation and amortisation
5.1
6.5
8.1
-21.3%
Share-based compensation
4.3
3.4
3.0
+26.8%
Buybacks
25.0
20.0
32.5
+25.0%
Diluted shares, weighted
54m
55m
59m
-1.0%
Shares outstanding at period end
53m
53m
56m
-0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
108
87.3
82.5
+24.1%
Debt
0.0
n/a
0.0
Other liabilities
40.0
29.0
22.5
+38.3%
Total liabilities and equity
148
116
105
+27.7%
Fixed assets
19.0
22.0
26.8
-13.3%
Goodwill
2.2
0.0
n/a
Intangible assets
3.3
3.3
3.2
-0.0%
Investments
21.1
1.7
5.1
+1,156.7%
Cash and equivalents
42.3
36.1
21.3
+17.0%
Receivables
n/a
18.1
11.8
Inventory
11.1
11.0
11.5
+1.1%
Other assets
49.3
24.1
25.2
+104.8%
Total assets
148
116
105
+27.7%
10-K for the year ended 31 December 2013, filed 10 March 2014: the filing.