Axon Forecasts Fourth-Quarter Revenue of $990 Million to $1.01 Billion

Axon set fourth-quarter revenue guidance at $990 million to $1.01 billion, excluding two federal Dedrone deployments valued at about $100 million because their shipment timing remains uncertain. Axon includes deals in its guidance only when it is confident they will ship during the quarter. The two deployments therefore remain outside the forecast while their timing is uncertain. Higher inventory investment lowered Axon’s expected full-year free cash flow to $350 million to $400 million, down from $450 million.

Source: TokenPost