Taser’s choice to relaunch itself as Axon and provides away 1000’s of physique cameras may have been interpreted both as a rising firm trying to develop or a determined one scrambling for buy. Luckily it seems to be the previous: Axon is rising and the following yr could also be even larger.
With AI investments, Taser could use its body camera division for predictive policing
Taser rebrands as Axon and offers free body cameras to any police department
Police complaints drop 93 percent after deploying body cameras
We received’t go an excessive amount of into the weeds, however the firm’s “software program and sensors” phase greater than doubled its revenues, to $21.6 million — that’s the a part of the corporate making physique cameras for police and dealing with the reams of knowledge these cameras produce. Web gross sales general are up 43 p.c, to $79.2 million.
Web revenue was $four.6 million, not precisely blowing the roof off, however the firm has been increase stock and getting ready its techniques for the big “first year free” plan it proposed to any police division final month. As of the top of the quarter, 36 of 68 main cities’ regulation enforcement companies had purchased both Axon cameras or Proof.com service (or each). That’s a fairly good set up base, and never one which simply erodes.
Going complete hog on the brand new era of police gear appears to be paying off for Axon, and the tech could show to be transformative for the regulation enforcement course of because it turns into the usual fairly than the bizarre new exception.
For those who’re interested by the remainder of Axon’s financials, the specifics are all right here.
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