Axon Enterprise, Inc. (AXON) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 8, 2022 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Hello, everyone. Welcome to our Q3 2022 earnings. Thank you so much for joining us and our executive team today. We hope that you've had a chance to read our shareholder letter at investor.axon.com. Our prepared remarks today are meant to build on the information in that robust letter. .

During this call, we will discuss our business outlook and make forward-looking statements. Any forward-looking statements made today are pursuant to and within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These comments are based on our predictions and expectations as of today and are not guarantees of future performance.

All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and we discuss these risks in our SEC filings. And before we turn the call over to Rick, we will do our investor video.

[Audio/Video Presentation]

Rick Smith

Thank you, Andrea and Angel. Our year-to-date results are pretty exciting with revenue growth of 32% in the first 9 months. So what's the secret sauce that's driving this revenue growth Josh and Brenda will provide color on the details, and we also outline them for you in our shareholder letter. But at the highest level, we provide products that solve real-world problems. Our solutions work -- we make our customers happy, we keep them safe and the public benefits. So we benefit and our shareholders benefit. I've been spending a lot of time with customers and communities on our Moonshot goal because helping the public to dream with us deepens our relationships and answers about the broader questions about why we invest in the areas that we do.

It also paves the path for us to keep innovating in areas that will make a difference. We have been really heartened by the buy-in we've seen on the Moonshot, bringing together groups that you don't normally see alongside each other. These include the fraternal order of police, the African American Mayors Association, the major county shares of America, the national organization of Black Law Enforcement executives and the National Policing Institute to name just a few. A common reaction I've been getting about our moonshine is well, this all sounds great, but how are you going to do this? Look, we don't have all the specific answers just yet. Just like when Jack Kennedy challenged the nation to put a human on the moon, not all the tech existed yet. But we have a good idea of where Axon can invest to move the needle.