(Reuters) – Axon Enterprise raised its full-year revenue forecast on Tuesday, banking on strong demand for its software products and recently launched TASER 10 policing device, sending its shares up 4.7% in aftermarket trading.
The company now expects full-year 2024 revenue between $2.00 billion and $2.05 billion, compared with its previous forecast of $1.94 billion to $1.99 billion.
Axon, the leading maker of U.S. police body cameras, also reported better-than-expected second-quarter earnings. Its international revenue rose 49% in the second quarter, helped by strong demand for TASER 10.
On an adjusted basis, the Arizona-based company, which also supplies drones to law enforcement authorities in North America, Europe and Australia, earned $1.20 per share, beating an estimate of $1.02 per share, according to LSEG data.
Its overall quarterly revenue was $504 million, compared with the estimate of $478.5 million.
(Reporting by Pratyush Thakur and Arasu Kannagi Basil in Bengaluru; Editing by Pooja Desai)
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