Axon Enterprise reported third-quarter revenue of $909 million, a 28% increase year over year, with net income turning positive at $57 million compared to a loss in the prior-year period. The company also announced its largest single investment ever: a $1.2 billion strategic investment in Skydio that increases Axon's ownership stake to 37%. Concurrently, Axon entered into an exclusive public safety distribution partnership with Skydio for the U.S. and Canada. Software & Services revenue accelerated to 43% growth, reaching $437 million, while Adjusted EBITDA rose 33% to $236 million. The company updated its full-year outlook, expecting approximately 30% revenue growth despite excluding about $130 million in delayed Federal Dedrone deployments. Axon Enterprise is a global leader in public safety technology, providing body-worn cameras, less-lethal weapons, and cloud-based software solutions to law enforcement agencies.
