Axon Enterprise Forecasts Q4 Revenue Between $990M and $1.01B and Increases Skydio Stake to 37%
Axon Enterprise (AXON) has provided its revenue guidance for the fourth quarter, projecting a range between $990 million and $1.01 billion. Alongside these financial projections, CEO Patrick Smith announced a significant strategic move involving an expanded commercial partnership with drone manufacturer Skydio. The company is investing an additional $1.2 billion into Skydio, which will increase Axon's fully diluted ownership in the firm to 37%. This investment signals Axon's commitment to expanding its technological ecosystem and market presence within the drone and public safety sectors.
Tickers: $AXON
Topics: Commercial Partnership Equity Investment Strategic Expansion
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Part of the story Axon forecasts Q4 revenue of $990M-$1.01B while investing $1.2B in Skydio amid federal Dedrone timing uncertainty (2 articles)