Axon Enterprise (AXON) FY2017 results: revenue $344 million, up 28.2% on the year
Axon Enterprise, Inc. (AXON) reported revenue of $344 million for fiscal 2017, the year ended 31 December 2017, up 28.2% on the year before. Net income was $5 million, down 69.9%, and diluted earnings per share $0.10. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$344 million
+28.2% on the year
FY2010FY2017
Operating margin
3.8%
11.9% a year earlier
FY2010FY2017
Net income
$5 million
-69.9% on the year
FY2010FY2017
Diluted EPS
$0.10
-68.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
344
268
198
+28.2%
Cost of revenue
137
97.7
69.2
+39.9%
Gross profit
207
171
129
+21.4%
Gross margin
60.2%
63.6%
65.0%
Research and development
55.4
30.6
23.6
+80.9%
Selling, general and administrative
139
108
69.7
+28.3%
Operating income
13.0
31.9
35.3
-59.1%
Operating margin
3.8%
11.9%
17.9%
Pre-tax income
15.8
31.5
35.4
-50.0%
Income tax
10.6
14.2
15.4
-25.7%
Effective tax rate
67.0%
45.1%
43.6%
Net income
5.2
17.3
19.9
-69.9%
Net margin
1.5%
6.4%
10.1%
Diluted EPS
$0.10
$0.32
$0.36
-68.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
18.5
21.1
46.4
-12.5%
Capital expenditure
10.4
5.0
6.0
+110.2%
Free cash flow
8.1
16.2
40.4
-50.1%
Free cash flow margin
2.3%
6.0%
20.4%
Cash from investing
19.1
-3.0
-36.0
Cash from financing
-3.8
-34.6
0.6
Depreciation and amortisation
8.0
3.7
3.3
+119.8%
Share-based compensation
15.6
9.4
7.3
+66.6%
Buybacks
0.0
33.7
7.6
Diluted shares, weighted
54m
54m
55m
+0.7%
Shares outstanding at period end
53m
52m
54m
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
167
151
157
+11.0%
Debt
0.0
0.0
0.1
Other liabilities
171
127
72.8
+34.1%
Total liabilities and equity
338
278
230
+21.6%
Fixed assets
31.2
24.0
21.8
+29.9%
Goodwill
14.9
10.4
9.6
+43.0%
Intangible assets
18.8
15.2
7.6
+23.7%
Investments
6.9
48.6
58.8
-85.9%
Cash and equivalents
75.1
40.7
59.5
+84.8%
Inventory
45.5
34.8
15.8
+30.5%
Other assets
146
104
56.8
+39.7%
Total assets
338
278
230
+21.6%
10-K for the year ended 31 December 2017, filed 27 February 2019: the filing.