Axon: Government Agencies "buying nearly everything we offer and signing up for 10-year contracts"
Axon CEO Rick Smith recently bragged about acquiring significant long-term government contracts in a 2022 Q2 earnings call with investors, highlighting a shift in the industry toward securing long, often costly commitments from government agencies.
In this report, IPVM examines the remarks by Rick Smith, CEO of Axon Enterprises, during the company's Q2 earnings call in August 2022.
See IPVM's previous coverage of Axon/Taser:
- FBI Investigating State Senator and Axon
- Bribe Accusations by Multiple US Cities Against Taser
- Shoot Active Shooters from a Drone, Alleges Axon
- Axon CEO's Reddit AMA Speculates About Shooting School Shooters From Drones
Axon/Taser **********
****, (******** *****), ***** ***** *******, ********, ********* cams, *** ******* ********, ********* ** law-enforcement ********* *** ***** ********** ********.
******** *** ** *** *******-******* ********* in *** ********, **** *** **** embroiled ** * ****** ** ******** and *************, **** ************** ** ************* *********** ** *** ****** ** its ******** ** ****** **********.
2022 ** ******** ****
** ****'* ****** *, ****, ************ call, *** **** ***** ********* ******** about *** *******'* ******* **** ****. Smith ****** **** *** ******* **** out ** **** *** *** ******** strong, ********* * ********* ******* ** $286 ******* *** **% ****** **** over ****. ***** **** **** ** was ******* ** ******** ** *** growth ** ***** ********, ** ********** contracts **** ********** ********:
**'** ****** *****-***** ******** ****** *** product *******, *** **'** ****** ********* bythe ******* ****** ** ******** **** *** ****** ****** ********** ** ***** *** ******* ** *** **-**** *********, ********* **** ** *****. It's exciting to see an agency go all in**** ****.[emphasis *****]
*** *** ***** **** ***** ******** are ****** * **** ** **** products, **** ******** *********, **** ** Axon's ********.***, ** **** *******, ******, etc.
***** **** ******** ************ ** ********* profitability ** *** ****** **** ** the ****, ** *** ******* **********'* fiscal **** ****** ** ******* *, meaning ******* ******** **** **** **** money ** *****. ******* ********* *** state ******** **** **** *** **** Smith's ****** ** ****, ******-** ********* for **** ****** *******.
Fort ***** ******: $** *******/ **-**** ********
*** **** ***** ****** ********** ** Texas ****** * **-**** ******** **** Axon ******** **** **** $** *******. The ******** ******** ******, **** **** Camera *******, **-*** ***** *******, ********* room ******* *** ********, ******* *** storage.
********* ** *** *********, *** ******* of *** **-**** ******** *** ** secure **** **** ******* *** **** existing *** ******* ********** *** *********.
Lakeland ******: $*.** *******/**-**** ********
** ****, **** ****** * ** year ******** **** *** ******** ****** Department ** ******* *** $*.** *******.
*** ******** ********:
*** ******, *** **** **** *******, 165 **-*** ****** *******, ** ******* Reality ******** ******** *** * ********* Room ****** *******, *** **** ********** 10-year ********** *** ******** ********, ** well ** ****** ** ****’* ********** digital ******** ******* ******** *** ***** accessory ******** *** ********.
********* ** *** ********, *** **** of ******** **** *** ** ****** cost ** $***,*** ****** **** *** ten-year ******. *** **** **** **** hire *** ********** ********* *** ******* internal ********** ** **** ****** *** program, ******** *** ***** **** ** more **** $* ******* *** ****.
Virginia ***** ****** **********: **-**** ********
** **** ** ****, **** ********* signing * **-**** ******** **** *** Virginia ***** ****** **********. *** ********* covers ********** ****** **** *+(*** *+)******* ******, ***** ******** ***** * weapons, **** * ****-**** *******, *** Axon ******** *** ******* + ********.
NY ***** ******: $** *******/*-**** ********
***** **** *** ******** * ****** of *** **** *********, **** ******** have **** ****** ** **** ** for *** *-**** ************ ****, ** well, ********* ** ****.
*** *** **** ***** ****** *** example, ****** * **** ****, $** million ******** **** **** ** ****. The ******** ******** ** **** ******* with *********** *** ********** ***** ******* services:
*******
*****'* ******** ** ****-***** *** ****-**** government ********* ** *** *********. **** has **** ********* *** ******/********** ****** for **** ******* *** ****-****-****** ***** weapons.
**** ** **** ********* ** ****** in ********* ******* *&* *******, ***** noted, ******** ******* ******** *** ********** in "******* ********." ** ***** ******** meet ******** ******* ************, **** *** lead ** ******* ******* *** **** when ******* **** *** ******* **********.
**** ***** *****’* *** ******* **** in ** *****…