Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $681 | $863 | $1,190 | $1,563 | $2,083 |
| Gross Profit | $416 | $541 | $729 | $955 | $1,241 |
| Operating Income | -$14 | -$168 | $93 | $155 | $59 |
| Net Income | -$2 | -$60 | $147 | $174 | $377 |
Over the five-year period, Axon Enterprise’s revenue and gross profit have shown robust growth while navigating volatility in operating income. Revenue increased steadily from US$681 million in 2020 to US$2,083 million in 2024, marking a compound increase that outpaces many industry benchmarks. Gross profit followed a similar upward trend, growing from US$416 million to approximately US$1,241 million. Notably, the percentage increases between years are significant; for instance, revenue jumped about 27% from 2020 to 2021 and continued to accelerate thereafter, evidencing strong demand for Axon’s technological solutions in law enforcement and public safety markets. The industry’s focus on advanced security and operational efficiency likely contributed to these gains, aligning with broader trends favoring technology-enhanced public safety. There were marked shifts in operating income and net income during this period. Operating income swung from a slight loss of US$14 million in 2020 to a larger loss of US$168 million in 2021—a decline exceeding 100%—before turning positive in 2022 at US$93 million and reaching a peak of US$155 million in 2023. However, 2024 saw a notable drop in operating income to US$59 million, an over 60% decrease from the previous year. Meanwhile, net income improved significantly, recovering from losses in the early years to record US$377 million in 2024. These swings, particularly exceeding 20% year-over-year in key segments, may reflect evolving cost structures, margin pressures, or strategic investments. Overall, while the dramatic shifts in operating performance call for a closer look, the company’s strong revenue and gross profit growth coupled with improving net income suggest a fundamentally healthy and sustainable financial position.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.