Axon Enterprise Intrinsic Stock Value – Axon Enterprise Beats Expectations in Q3 2023 with Record Earnings and Revenue

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Axon Enterprise ($NASDAQ:AXON), a leading global public safety technology provider, recently reported record earnings and revenue for its third quarter of 2023. The company surpassed market expectations for both revenue and earnings, providing a positive outlook for the future of the business. Axon Enterprise, formerly known as TASER International, provides a variety of public safety solutions, including body cameras, cloud-based evidence management services, and software and analytics tools for law enforcement agencies. The company has seen tremendous success in recent quarters due to its innovative products and strong sales of its body camera products.

The company’s strong financial results reflect its ability to successfully develop and deliver innovative products aimed at improving public safety. Going forward, Axon Enterprise looks well positioned to continue its strong growth as it looks to expand its product line and further increase its market share.

Earnings

AXON ENTERPRISE, in its earning report of FY2023 Q3 as of September 30 2021, achieved record earnings and revenue with a total revenue of 231.99M USD and net income of 48.52M USD. In comparison to the previous year, total revenue saw a 25.6% decrease and net income saw a 300.0% increase. This marks a significant growth for AXON ENTERPRISE, who’s total revenue has grown from 231.99M USD to 413.6M USD within the span of 3 years.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Axon Enterprise. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Axon Enterprise. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Axon Enterprise. More…

Key Ratios Snapshot

Some of the financial key ratios for Axon Enterprise are shown below. More…

Share Price

The stock opened at $250.0 and closed at $253.1, an increase of 2.0% from the prior day’s closing price of 248.1. This was driven by a strong performance in their core business as well as increased demand for their new products. Much of this jump was due to the success of their new product lines, which saw increased demand both domestically and overseas.

Overall, Axon Enterprise had a strong quarter, exceeding market expectations and driving increased growth. This bodes well for the future of the company, which is poised to continue its success in the coming quarters. Live Quote…

Analysis – Axon Enterprise Intrinsic Stock Value

GoodWhale has conducted an extensive analysis of AXON ENTERPRISE‘s well-being. Our proprietary Valuation Line determined the intrinsic value of AXON ENTERPRISE’s stock to be approximately $214.2. However, the current price of AXON ENTERPRISE’s stock is $253.1, a fair price that is overvalued by 18.1%. This means that investors may be able to benefit from buying AXON ENTERPRISE’s stock at a discounted price in the near future. More…

Peers

Its competitors include Shi Corp, Ultra Electronics Holdings PLC, and Shenzhen TVT Digital Technology Co Ltd.

– Shi Corp ($OTCPK:SHCC)

Shi Corp is a publicly traded company with a market capitalization of 1.39k as of 2022. The company has a Return on Equity of -0.64%. Shi Corp is engaged in the business of providing technology solutions and services. The company’s products and services include enterprise software, cloud computing, big data, and analytics.

– Ultra Electronics Holdings PLC ($SZSE:002835)

Shenzhen TVT Digital Technology Co Ltd has a market cap of 2.64B as of 2022, a Return on Equity of 8.41%. The company operates in the field of digital technology, providing products and services related to digital television, set-top boxes, and other digital products and services. It is headquartered in Shenzhen, China.

Summary

Investors in Axon Enterprise, Inc. (NASDAQ: AAXN) were cheered as the company reported its third quarter 2023 earnings results, which beat both EPS and revenue estimates. The company attributed its strong performance to increasing demand for its body-worn cameras, software and services. With its strong fundamentals and positive outlook, investors can consider Axon Enterprise as an attractive investment option.