Axon Enterprise (AXON) FY2015 results: revenue $198 million, up 20.3% on the year
Axon Enterprise, Inc. (AXON) reported revenue of $198 million for fiscal 2015, the year ended 31 December 2015, up 20.3% on the year before. Net income was $20 million, up 0.1%, and diluted earnings per share $0.36. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2016.
Revenue
$198 million
+20.3% on the year
FY2009FY2015
Operating margin
17.9%
19.8% a year earlier
FY2009FY2015
Net income
$20 million
+0.1% on the year
FY2009FY2015
Diluted EPS
$0.36
-2.7% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
198
165
138
+20.3%
Cost of revenue
69.2
63.0
52.0
+10.0%
Gross profit
129
102
85.8
+26.7%
Gross margin
65.0%
61.7%
62.3%
Research and development
23.6
14.9
9.9
+58.6%
Selling, general and administrative
69.7
54.2
46.6
+28.7%
Operating income
35.3
32.5
27.9
+8.7%
Operating margin
17.9%
19.8%
20.3%
Pre-tax income
35.4
32.3
28.0
+9.4%
Income tax
15.4
12.4
9.8
+24.5%
Effective tax rate
43.6%
38.4%
34.9%
Net income
19.9
19.9
18.2
+0.1%
Net margin
10.1%
12.1%
13.2%
Diluted EPS
$0.36
$0.37
$0.34
-2.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
46.4
35.4
32.4
+31.1%
Capital expenditure
6.0
2.5
1.8
+139.6%
Free cash flow
40.4
32.9
30.6
+22.8%
Free cash flow margin
20.4%
20.0%
22.2%
Cash from investing
-36.0
-24.6
-23.1
Cash from financing
0.6
-4.8
-3.2
Depreciation and amortisation
3.3
4.3
5.1
-23.8%
Share-based compensation
7.3
5.6
4.3
+30.2%
Buybacks
7.6
22.4
25.0
-66.3%
Diluted shares, weighted
55m
54m
54m
+0.3%
Shares outstanding at period end
54m
53m
53m
+1.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
157
129
108
+21.6%
Debt
0.1
0.0
0.0
+179.3%
Other liabilities
72.8
56.2
40.0
+29.5%
Total liabilities and equity
230
185
148
+24.0%
Fixed assets
21.8
17.5
19.0
+24.7%
Goodwill
9.6
2.2
2.2
+335.0%
Intangible assets
7.6
3.1
3.3
+143.6%
Investments
58.8
42.1
21.1
+39.7%
Cash and equivalents
59.5
48.4
42.3
+23.1%
Inventory
15.8
18.3
11.1
-14.0%
Other assets
56.8
53.8
49.3
+5.6%
Total assets
230
185
148
+24.0%
10-K for the year ended 31 December 2015, filed 7 March 2016: the filing.