Aug 4 (Reuters) -
TASER maker Axon Enterprise ( AXON ) raised its full-year
revenue forecast on Monday, betting on continued demand for its
software products and security devices.
Shares of Axon were up 3.5% in aftermarket trading.
The Arizona-based company - known for its law
enforcement technology, including TASER energy weapons,
body-worn cameras, and digital evidence management systems - has
benefited from rising corporate spending on executive security
and increased federal investment in immigration enforcement.
Axon now expects 2025 revenue to be between $2.65 billion
and $2.73 billion, up from its earlier forecast of $2.60 billion
to $2.70 billion. Analysts on average expect $2.66 billion,
according to data compiled by LSEG.
For the quarter ended June 30, Axon reported adjusted
earnings of $2.12 per share, well above analysts' average
estimate of $1.46.
Quarterly revenue came in at $668.54 million, compared with
expectations of $631.56 million.