By Mackenzie Tatananni

Axon Enterprise stock climbed in premarket trading Wednesday after the taser maker reported fourth-quarter earnings that topped forecasts and issued strong full-year guidance.

Shares of Axon Enterprise surged 15% to $570.43 after the company posted adjusted earnings of $2.08 a share in the December quarter, topping analysts' calls for $1.40, according to FactSet. Revenue rose to $575.1 million from $544.3 million a year prior and beat the $566 million Wall Street expected.

The weapon and surveillance tech company reported net income of $135.2 million, representing a nearly 137% increase from the $57.1 million reported a year earlier. Taser revenue jumped 37% from the prior year to $221 million. Gains in the quarter were driven by continued scaling of the company's Taser 10 device as well as growing adoption of its virtual-reality training solutions, Axon said.

The company also forecast revenue of between $2.55 billion and $2.65 billion in the current fiscal year. At the midpoint, the range was above the $2.56 billion analysts projected. Axon guided for adjusted earnings before interest, taxes, depreciation and amortization in the range of $640 million to $670 million. Analysts surveyed by FactSet were expecting $650.5 million.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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February 26, 2025 07:40 ET (12:40 GMT)

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