Axon Enterprise (AXON) FY2016 results: revenue $268 million, up 35.6% on the year
Axon Enterprise, Inc. (AXON) reported revenue of $268 million for fiscal 2016, the year ended 31 December 2016, up 35.6% on the year before. Net income was $17 million, down 13.2%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$268 million
+35.6% on the year
FY2009FY2016
Operating margin
11.9%
17.9% a year earlier
FY2009FY2016
Net income
$17 million
-13.2% on the year
FY2009FY2016
Diluted EPS
$0.32
-11.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
268
198
165
+35.6%
Cost of revenue
97.7
69.2
63.0
+41.1%
Gross profit
171
129
102
+32.6%
Gross margin
63.6%
65.0%
61.7%
Research and development
30.6
23.6
14.9
+29.6%
Selling, general and administrative
108
69.7
54.2
+55.1%
Operating income
31.9
35.3
32.5
-9.9%
Operating margin
11.9%
17.9%
19.8%
Pre-tax income
31.5
35.4
32.3
-10.9%
Income tax
14.2
15.4
12.4
-8.0%
Effective tax rate
45.1%
43.6%
38.4%
Net income
17.3
19.9
19.9
-13.2%
Net margin
6.4%
10.1%
12.1%
Diluted EPS
$0.32
$0.36
$0.37
-11.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
21.1
46.4
35.4
-54.5%
Capital expenditure
5.0
6.0
2.5
-17.4%
Free cash flow
16.2
40.4
32.9
-60.0%
Free cash flow margin
6.0%
20.4%
20.0%
Cash from investing
-3.0
-36.0
-24.6
Cash from financing
-34.6
0.6
-4.8
Depreciation and amortisation
3.7
3.3
4.3
+11.2%
Share-based compensation
9.4
7.3
5.6
+29.0%
Buybacks
33.7
7.6
22.4
+346.6%
Diluted shares, weighted
54m
55m
54m
-2.0%
Shares outstanding at period end
52m
54m
53m
-2.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
151
157
129
-3.9%
Debt
0.0
0.1
0.0
Other liabilities
127
72.8
56.2
+74.8%
Total liabilities and equity
278
230
185
+21.0%
Fixed assets
24.0
21.8
17.5
+9.9%
Goodwill
10.4
9.6
2.2
+8.8%
Intangible assets
15.2
7.6
3.1
+100.6%
Investments
48.6
58.8
42.1
-17.2%
Cash and equivalents
40.7
59.5
48.4
-31.7%
Inventory
34.8
15.8
18.3
+121.0%
Other assets
104
56.8
53.8
+83.8%
Total assets
278
230
185
+21.0%
10-K for the year ended 31 December 2016, filed 27 February 2019: the filing.