Axon Enterprise (AAXN) Tops Q1 EPS by 28c

Axon Enterprise (NASDAQ: AAXN) reported Q1 EPS of $0.32, $0.28 better than the analyst estimate of $0.04. Revenue for the quarter came in at $101 million versus the consensus estimate of $91.28 million.

We are providing the following updated guidance for the full year ending December 31, 2018:

Raising revenue growth guidance from 16%-18% to 18%-20%;
Operating margin expansion of 300 basis points to 400 basis points over 2017;

Operating margin guidance excludes non-recurring transaction and integration costs related to the VIEVU acquisition, and non-cash stock-based compensation expense associated with CEO Rick Smith\'s 10-year compensation plan, which is subject to shareholder vote at our May 24 annual meeting;

A normalized tax rate of 20% to 25%, which can fluctuate depending on geography of income and the effects of discrete items, including changes in our stock price; and
Capital expenditures in the range of $12 million to $16 million.

For earnings history and earnings-related data on Axon Enterprise (AAXN) click here.

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