Axon (previously Taser) grows like a weed because it refocuses on physique cams

Taser’s choice to relaunch itself as Axon and provides away hundreds of physique cameras might have been interpreted both as a rising firm trying to develop or a determined one scrambling for buy. Thankfully it seems to be the previous: Axon is rising and the following yr could also be even larger.

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We received’t go an excessive amount of into the weeds, however the firm’s “software program and sensors” phase greater than doubled its revenues, to $21.6 million — that’s the a part of the corporate making physique cameras for police and dealing with the reams of information these cameras produce. Web gross sales general are up 43 p.c, to $79.2 million.

Web earnings was $four.6 million, not precisely blowing the roof off, however the firm has been increase stock and getting ready its techniques for the big “first year free” plan it proposed to any police division final month. As of the top of the quarter, 36 of 68 main cities’ regulation enforcement companies had purchased both Axon cameras or service (or each). That’s a reasonably good set up base, and never one which simply erodes.

Going complete hog on the brand new technology of police gear appears to be paying off for Axon, and the tech could show to be transformative for the regulation enforcement course of because it turns into the usual slightly than the bizarre new exception.

When you’re interested by the remainder of Axon’s financials, the specifics are all right here.

Featured Picture: David McNew/Getty Photographs