Axon Enterprise, Inc. (NASDAQ: AXON), a leading provider of law enforcement technology solutions, saw its shares surge 13.36% in the after-hours trading session on Tuesday, following the company's impressive fourth-quarter results and optimistic guidance for fiscal 2025.

For the quarter ended December 31, 2024, Axon reported revenue of $575.1 million, up a remarkable 33% year-over-year, surpassing Wall Street's consensus estimate of $566.1 million. The stellar performance was driven by robust demand for the company's innovative cloud software, TASER devices, and AI-powered solutions.

Adjusted earnings per share skyrocketed 85% to $2.08, crushing analysts' expectations of $1.40 per share. This marks Axon's third consecutive year of delivering over 30% annual revenue growth, underscoring the company's strong product-market fit and ability to expand its customer base.

The key growth driver was Axon's high-margin Axon Cloud & Services segment, which saw revenue soar 41% to $230.3 million. This segment benefited from robust demand for the Axon Evidence digital evidence management platform and strong adoption of premium AI-powered offerings like DraftOne. TASER device sales also remained robust, jumping 37% on the back of the TASER 10 launch and virtual reality training solutions.

Looking ahead, Axon issued an upbeat guidance for fiscal 2025, projecting revenue in the range of $2.55 billion to $2.65 billion, representing approximately 25% growth at the midpoint. The company expects to maintain an impressive adjusted EBITDA margin of around 25% as it continues investing heavily in areas like AI, autonomous systems, and enterprise security integration.