04:35 PM EDT, 05/06/2024 (MT Newswires) -- Axon Enterprise ( AXON ) reported Q1 non-GAAP earnings Monday of $1.15 per diluted share, up from $0.88 a year earlier.

Analysts surveyed by Capital IQ expected $0.95.

Net sales in the quarter ended March 31 rose to $460.7 million from $343 million a year earlier.

Analysts surveyed by Capital IQ expected nearly $441.6 million.

The company boosted 2024 revenue guidance to $1.94 billion to $1.99 billion from $1.88 billion to $1.94 billion. Analysts surveyed by Capital IQ expect $1.93 billion.

Separately, Axon agreed to acquire airspace security company Dedrone for an undisclosed amount.

The transaction is expected to close in H2, Axon said Monday.

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