Axon Enterprise (AXON) FY2018 results: revenue $420 million, up 22.2% on the year
Axon Enterprise, Inc. (AXON) reported revenue of $420 million for fiscal 2018, the year ended 31 December 2018, up 22.2% on the year before. Net income was $29 million, up 460.9%, and diluted earnings per share $0.50. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$420 million
+22.2% on the year
FY2011FY2018
Operating margin
5.9%
3.8% a year earlier
FY2011FY2018
Net income
$29 million
+460.9% on the year
FY2011FY2018
Diluted EPS
$0.50
+400.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
420
344
268
+22.2%
Cost of revenue
161
137
97.7
+18.1%
Gross profit
259
207
171
+24.9%
Gross margin
61.6%
60.2%
63.6%
Research and development
76.9
55.4
30.6
+38.8%
Selling, general and administrative
157
139
108
+13.1%
Operating income
24.8
13.0
31.9
+90.7%
Operating margin
5.9%
3.8%
11.9%
Pre-tax income
28.1
15.8
31.5
+78.3%
Income tax
-1.1
10.6
14.2
Effective tax rate
-3.9%
67.0%
45.1%
Net income
29.2
5.2
17.3
+460.9%
Net margin
7.0%
1.5%
6.4%
Diluted EPS
$0.50
$0.10
$0.32
+400.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
63.9
18.5
21.1
+245.5%
Capital expenditure
11.1
10.4
5.0
+6.9%
Free cash flow
52.7
8.1
16.2
+553.4%
Free cash flow margin
12.6%
2.3%
6.0%
Cash from investing
-9.9
19.1
-3.0
Cash from financing
219
-3.8
-34.6
Depreciation and amortisation
10.6
8.0
3.7
+32.0%
Share-based compensation
21.9
15.6
9.4
+40.2%
Buybacks
0.0
0.0
33.7
Diluted shares, weighted
58m
54m
54m
+7.5%
Shares outstanding at period end
59m
53m
52m
+11.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
467
167
151
+179.1%
Debt
0.0
0.0
0.0
Other liabilities
252
171
127
+47.8%
Total liabilities and equity
720
338
278
+112.8%
Fixed assets
37.9
31.2
24.0
+21.6%
Goodwill
25.0
14.9
10.4
+67.4%
Intangible assets
15.9
18.8
15.2
-15.3%
Investments
0.0
6.9
48.6
Cash and equivalents
349
75.1
40.7
+365.3%
Inventory
33.8
45.5
34.8
-25.7%
Other assets
258
146
104
+76.7%
Total assets
720
338
278
+112.8%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.