Axon Enterprise Inc. (AXON)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	955,382	897,174	835,159	777,001	728,638	658,020	609,330	573,296	540,910	547,155	500,828	451,076	416,331	367,665	349,594	326,977	307,286	279,992	265,456	263,039
Revenue (ttm)	US$ in thousands	1,569,959	1,468,095	1,366,248	1,277,256	1,187,386	1,070,477	990,712	923,894	862,707	871,660	806,113	728,577	680,248	626,197	590,674	561,872	530,795	473,735	447,652	434,421
Gross profit margin		60.85%	61.11%	61.13%	60.83%	61.36%	61.47%	61.50%	62.05%	62.70%	62.77%	62.13%	61.91%	61.20%	58.71%	59.19%	58.19%	57.89%	59.10%	59.30%	60.55%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $955,382K ÷ $1,569,959K
= 60.85%

Axon Enterprise Inc has maintained a relatively stable gross profit margin over the past eight quarters, ranging from 60.87% to 61.45%. The company's gross profit margin peaked at 61.99% in Q1 2022, before experiencing a slight decline in subsequent quarters. Overall, the consistency in the gross profit margin indicates that Axon Enterprise Inc has been effectively managing its production costs and pricing strategies to generate profits from its sales. This sustained performance suggests the company's operations are efficient and that it has been able to maintain a healthy level of profitability.