Axon Enterprise Inc. (AXON)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	174,227	147,139	-60,018	-1,724	882
Revenue	US$ in thousands	1,576,710	1,185,750	858,072	679,336	528,619
Net profit margin		11.05%	12.41%	-6.99%	-0.25%	0.17%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $174,227K ÷ $1,576,710K
= 11.05%

The net profit margin of Axon Enterprise Inc has fluctuated over the past five years. In 2023, the net profit margin stood at 11.14%, indicating that the company generated 11.14 cents of profit for every dollar of revenue. This represented a decrease from the previous year's margin of 12.37%.

In 2021, the company experienced a significant decrease in profitability, with a negative net profit margin of -6.95%, implying that the company incurred a loss rather than making a profit. The negative margin in 2021 was a reversal from the slightly positive margins seen in 2020 and 2019, which were -0.25% and 0.17% respectively.

Overall, the trend in net profit margin for Axon Enterprise Inc indicates some variability in the company's profitability over the last five years, with a notable improvement from the loss in 2021 to a positive margin in 2022, followed by a slight decline in 2023.