Axon sees FY23 revenue $1.51B-$1.53B, consensus $1.46B

Previously, Axon had guided to a full year 2023 revenue range of $1.44 billion to $1.46 billion, reflecting approximately 21% to 23% growth year over year. “We are maintaining our expectation for Adjusted EBITDA margin of 20% in 2023. This reflects an increase in implied Adjusted EBITDA dollars to a range of $302 million to $306 million, compared with the prior implied guidance range of $288 million to $292 million. We expect 2023 CapEx to be in the range of $50 million to $65 million, in line with our prior guidance.”