Digital Ally Inc. (DGLY)

[Captain_Chaos]

Axon results just to compare management and deliveries


http://www.nasdaq.com/article/axon-enterprise-aaxn-beats-on-q1-earnings-and-revenues-cm787077


Axon Enterprise, Inc. 's AAXN first-quarter 2017 earnings came in at 7 cents per share, beating the Zacks Consensus Estimate of 3 cents by 133.3%. This Scottsdale, AZ-based company's earnings also improved 16.7% year over year. The upside was mainly driven by higher gross profit as well as operating income.

Total Revenue

In the quarter, the company generated revenues of $79.2 million, beating the Zacks Consensus Estimate of $69 million by 14.2%. The reported number also increased 42.7% year over year. The upside can be attributed to higher sales from both TASER Weapon as well as Software and sensors segments.

Revenues from the TASER Weapons segment jumped 25.8% year over year to $57.7 million. Software and sensors segment revenues surged 122.5% to $21.6 million.

Segment bookings declined 17.1% to $60.1 million as of Mar 31, 2017, from $72.5 million in the preceding quarter. However, bookings increased 15.4% year over year in the quarter.

Highlights of the Quarter

The company's gross margin expanded 830 basis points year over year to 61.4% from 53.1% a year ago.

Total operating expenses increased 36.4% year over year to $43.3 million. The increase was primarily driven by higher sales, general and administrative expenses (up 24.3%) and research and development expenses (up 79.9%).

Financials

The company had cash and cash equivalents of $42 million as of Mar 31, 2017, compared with $40.7 million as of Dec 31, 2016. Net cash used by operating activities was $6.6 million in the first quarter compared with cash inflow of $7.1 million in the year-ago period. Free cash flow was $17.4 million versus $5.7 million a year ago.



Read more: http://www.nasdaq.com/article/axon-enterprise-aaxn-beats-on-q1-earnings-and-revenues-cm787077#ixzz4ggI7lNRf