HighGravityDataAxon Enterprise — Feb 25, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001069183-25-000015
Showing in the filing
Adjusted EBITDA dollars
“$640 million to $670 million”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 11
Adjusted EBITDA for FY2025
“$640 million to $670 million”
Adjusted EBITDA dollars for FY2025
“$640 million to $670 million”
Software-only gross margin target for the long term
“80%”
Remainder of future contracted bookings expe… for the long term
“over the following ten years”
Revenue for FY2025
“$2.55 billion to $2.65 billion”
Adjusted EBITDA margin for FY2025
“approximately 25%”
Stock-based compensation expenses for FY2025
“approximately $580 million to $630 million”
Stock-based compensation expense related to … for FY2025
“approximately $325 million”
CapEx for FY2025
“$140 million to $180 million”
Portion of future contracted bookings expect…
“between 20% to 25%”
Moonshot goal to cut gun-related deaths betw… for FY2033
“50%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Axon Cloud & Services accounted for 40% of our total revenue, growing 41% year over year to $230 million as adoption of our premium subscription offerings continued to build. Our momentum is strong heading into a new year. Looking ahead, we expect to deliver 2025 annual revenue in a range of $2.55 billion to $2.65 billion and Adjusted EBITDA of $640 million to $670 million. This reflects approximately 25% annual growth and approximately 25% Adjusted EBITDA margin at the midpoint of our guidance ranges. We recap our leaps in innovation in 2024, analyze our updated total market opportunity and dive into our financial results in more detail below. 5 Big Innovative Leaps in 2024 1) Artificial Intelligence in Policing — We introduced a suite of AI-powered solutions that are transforming public safety by enhancing efficiency, accelerating decision-making, and streamlining workflows. Our AI Era Plan integrates cutting-edge technologies like Draft One—our fastest-growing software solution—contributing to over 100,000 incident reports and saving officers 2.2 million minutes of valuable time through AI-driven incident reporting. Axon is at the forefront of AI-driven public safety, with more major advancements expected in 2025 and beyond. 2) Interoperable Real-Time Crime Center Technology — We strengthened our Real-Time Operations (RTO) platform with the acquisition of Fusus, a global leader in real-time crime center technology. Axon Fusus supports millions of livestreams a year across over 2,000 agencies as it integrates data from diverse sources—CCTV, body c
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.