Axon reports Q3 non-GAAP EPS $1.17, consensus $1.54

Reports Q3 revenue $711M, consensus $704.83M. The company said, “Axon (AXON) delivered another record quarter, with revenue growing 31% year over year to $711M- our seventh consecutive quarter of growth above 30% – and GAAP net loss margin of 0.3% supporting Adjusted EBITDA margin of 24.9%. Software & Services revenue increased 41% year over year to $305M, driven by adoption of premium software features and an expanding user base. Annual Recurring Revenue increased 41%, to $1.3B, while net revenue retention remained strong at 124%. Connected Devices revenue rose 24% year over year to $405M, reflecting strength across categories – including TASER revenue of $238M, up 17% year over year; Personal Sensors revenue of $107M, up 20%; and Platform Solutions revenue of $61M, up 71%.