Earnings release
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Axon IR Axon Q2 2021 Revenue of $ 219 Million Up 55 % ; International Revenue Grows 60 % ; Raising Outlook SCOTTSDALE , Ariz . , Aug. 5 , 2021 / PRNewswire / -- Dear Shareholders , We are pleased to report a strong quarter and strengthening outlook globally as we execute against our 2021 strategic priorities of growing our core , scaling new products , unlocking new markets and driving efficiency to fuel growth . Domestic strength was driven by city , county and state highway patrol demand for our TASER and body camera bundles , as well as Axon Fleet , and international strength reflects momentum in Latin America and Asia Pacific , across product lines . Our financial performance is being fueled by increasing global demand for Axon's life - saving technology , including TASER devices , and expanding use cases for body cameras as live - streaming gains traction as a breakthrough in real - time situational awareness . Situation : Shots fired at apartment complex Agency : Midwestern U.S. agency with more than 100 sworn officers Incident : A patrol lieutenant watch commander responded to calls about shots fired at an apartment complex . Officers identified the correct unit in the building , and entered for a welfare check . They discovered bullet holes in the walls and doors and a woman who demanded that the officers leave . They removed her from the scene and discovered two locked bedroom doors . The lieutenant removed his Axon Body 3 , focused it on the locked doors and exited . He pulled up the body camera's live stream on his mobile phone and gave his phone to a SWAT sniper and the assembling quick reaction team , enabling them to surveil the apartment . A sergeant back at the police precinct also live - streamed the camera's view . As the SWAT team began to attempt to negotiate a surrender , they saw via live - stream one of the doors open and an unarmed suspect exited a room . The team quickly moved in and took the suspect into custody . Select highlights Strategic priority : Unlocking New Markets International momentum : Axon's global expansion showed strong momentum in Q2 2021 , with international revenue growing 60 % year over year and international bookings nearly tripling versus Q2 2020. Some highlights : • In July , Axon was awarded a national tender to supply TASER devices acrosstaly , hallmarking a process that began in 2014 and included years of testing , experimentation and regulatory approvals . • Also in Europe , in June , the Dutch National Police became the firstNetherlands agency to equip officers across the country with TASER devices . • We won a large , highly competitive digital evidence management program with an EMEA government for the management of all digital evidence independent of body camera programs . This mirrors the deployment we mentioned last quarter , where the government of Ontario , Canada became the first province to deploy Axon Evidence across public safety agencies . • In May , the São Paulo State Military Police became the first police agency inBrazil to adopt Axon's body camera solution , which is backed by Axon Cloud software , becoming our largest body camera and software deployment in Latin America . The São Paulo State Military Police body camera roll - out followed the state agency's TASER device roll - out at the end of 2020 . • The Toronto Police Service moved to full TASER deployment . • We've been awarded a contract with the Police Service of theCity of Montreal , which is deploying our interview room solution . Strategic priority : Scaling New Products Axon Fleet 3 began shipping June 30 : Built with ethics and privacy in mind , Axon's latest generation in - car video system features our Al - powered automated license plate reader ( ALPR ) service along with real - time situational awareness , including live - streaming , through Axon Respond . We expect Axon Fleet 3 to be a game changer for in - car cameras because we've elevated the simple in - car dash camera to one that can automatically and simultaneously scan plates across multiple lanes of traffic at closing speeds up to 140 mph . Also , we've designed the system to be disruptively affordable to allow for ALPR deployment across an agency's entire fleet of police vehicles instead of just a small number of designated vehicles . We are seeing strong interest in and demand for Axon Fleet 3 and expect ALPR to be a software growth driver . " We are excited to be one of the first agencies to trial the Axon Fleet 3 in - car camera system with ALPR and we are very impressed with the overall value of this advanced integration . Our agency prides itself on being at the forefront of public safety technology , and with the Fleet 3 ALPR technology , our officers will be able to better serve our community . " - Lieutenant Jon Moses of Johns Creek Police Department Axon VR Simulator announced : Public safety officers need more comprehensive training across multiple fronts , including empathy , tactical de - escalation , practical skills , and psychological coping strategies . VR offers an opportunity to help public safety officers better respond and we are making it easy for agencies to procure our services through integrated bundling with our TASER devices , body cameras and other cloud software services . Axon's VR bookings have grown more than eight - fold to nearly $ 8 million in the first half of 2021 . " We are always looking for opportunities to innovate and improve our officers ' abilities to handle various calls for service . Axon's new training platform allows our officers to run through scenarios in the safety of a controlled learning environment . This technology lets us train more efficiently , benefiting the responding officer and our community . " - Phoenix Police Chief Jeri Williams In May , we began taking orders for our new wireless Virtual Reality ( VR ) Simulator Training , which features new content regularly . Axon's VR Simulator also integrates TASER 7 devices and training sidearms , so officers can use real hardware in the virtual world , creating muscle memory and familiar responses in the most critical high - risk situations while leveraging a fully - immersive environment . Phoenix PD plans to be the first agency to adopt Axon's new VR Simulator into its existing training curriculum . The wireless simulator augments Axon's Community Engagement VR Training , first sold in 2018 , and now used by more than 1,000 police agencies in the U.S. anCanada . Modules include schizophrenia , autism , suicidal ideation , hard of hearing , Alzheimer's / dementia , veteran post - traumatic stress injury , peer intervention and domestic violence . Strategic priority : Expanding our Core and Scaling New Products Real - Time Operations grows & evolves : Our software category growth drivers include the decision - making and communication tools that support real - time situational awareness through the sharing of information across myriad media , including voice , messaging , location mapping , and intelligence and evidence sharing . • Respond for Devices gains traction : We have been pleased with the customer feedback on our live - streaming body camera technology and continue to see strong demand for value - added SaaS - driven capabilities , including LTE- and location - based services . " As the world watched our operation to support the removal of controversial statues in Charlottesville , Axon Respond was absolutely phenomenal in allowing us to execute a fluid plan while having every vantage point of the removal process , crowds , exit and entry points and anything else we needed to be aware of , right in front of us at all times . " - Captain Steve Knick , Investigations Division Commander , Charlottesville Police Department Also , we are seeing expanded use cases for our services in dispatching centers and in hostage negotiations . • " The ability to monitor the negotiation live is invaluable . Coordinators can establish real - time updates , formulate assessments of risk and answer verbal cues from the negotiation team in real time . These devices are worth their weight in gold . " --Detective Chief Inspector Jason Herbert , South Wales Police , U.K. ⚫ " When you have real - time [ visibility ] , it's a lot easier for you to make calls on resources and project ahead , versus waiting until people tell you what happened to respond . " --Deputy Chief Jim Hamilton , Grants Pass Department of Public Safety , Ore . ⚫ " With live streaming , dispatchers and supervisors can see what's happening , and having the complete story helps everybody . " --Chief John Wolter , Texas Medical Center Police Department • " The ability to pinpoint officers on a map and share information and advice in real - time has made our SWAT responses 100 % better . " - Officer Robert Benavidez , Las Cruces Police Department , N.M. • Software development update on Dispatching : We are continuing to deploy resources toward improving and modernizing the computer aided dispatch market , and we are now focusing on larger city development partners . Since April 2020 , Axon has powered 100 % of 911 calls in the small city oMaricopa , Ariz . We have learned together that the operational strain of being a development partner on complex new software can be overly taxing for a smaller agency . We are thankful to the City of Maricopa for their contributions to the evolution of our product . This agency may wind down as our development partner later this year and migrate to a more mature traditional CAD solution . Simultaneously , Axon has begun working with a larger development partner as we continue to evolve and grow our software stack . We also continue to work with fire and EMS partners and are building a pipeline of larger dispatching operators with higher call volumes . We are excited about our long - term strategy for our dispatching software , which will be differentiated by the growing number of agencies and dispatchers already using our Respond platform for real - time alerts and live - streaming .