Axon Enterprise (AXON) shares touched all-time highs Friday after the Taser weapon maker reported better-than-expected results and guidance on soaring demand.
The police and military supplier posted third quarter earnings per share of $0.86, four times more than analysts surveyed by Visible Alpha were looking for. Revenue rose 31.7% to $544.3 million, also ahead of estimates.
Shares of Axon Enterprise, up some 25% today, are ahead more than 130% so far this year and were recently around record levels.
Taser sales were up 36.4% to $221.7 million. Sales of software and sensors gained 28.7% to $322.5 million, boosted by a 35.9% increase for its Axon Cloud Services products. The company said it is adding new products that use artificial intelligence, with CEO Rick Smith citing “not just a single product, but a commitment to continuous innovation for our customers.”
Axon now sees full-year revenue of $2.07 billion compared to its previous outlook …