Discontinued — last reported Q3 '23
Business Segments · Research And Development Expense
Softwareand Sensors — Research And Development Expense
Axon Enterprise, Inc. Softwareand Sensors — Research And Development Expense increased by 6.3% to $61.21M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 35.2%, from $45.26M to $61.21M.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ3 2023
Rolls up toR&D
How to read this metric
An increase reflects a strategic focus on future innovation, while a significant decrease might signal a reduction in long-term growth investment.
Detailed definition
This metric tracks the investment made by the Software and Sensors segment into the creation of new products, software f...
Peer comparison
Comparable to segment-level R&D expenses in technology and software development firms.
Metric ID:
axon_segment_softwareand_sensors_research_and_development_expenseHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $41.64M | $31.91M | $38.52M | $44.23M | $45.26M | $54.85M | $57.56M | $61.21M |
| QoQ Change | — | -23.4% | +20.7% | +14.8% | +2.3% | +21.2% | +5.0% | +6.3% |
| YoY Change | — | — | — | +6.2% | +41.9% | +42.4% | +30.1% | +35.2% |
Range$31.91M – $61.21M
CAGR+24.6%
Avg YoY Growth+31.2%
Median YoY Growth+35.2%
Current Streak6 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Axon Enterprise, Inc.'s softwareand sensors — research and development expense?
- Axon Enterprise, Inc. (AAXN) reported softwareand sensors — research and development expense of $61.21M in Q3 2023.
- How has Axon Enterprise, Inc.'s softwareand sensors — research and development expense changed year-over-year?
- Axon Enterprise, Inc.'s softwareand sensors — research and development expense increased by 35.2% year-over-year, from $45.26M to $61.21M.
- What does softwareand sensors — research and development expense mean?
- The amount spent on research and development specifically for the Software and Sensors segment.