Discontinued — last reported Q4 '23
Software And Sensors — Research And Development Expense
Axon Enterprise, Inc. Software And Sensors — Research And Development Expense increased by 10.6% to $67.71M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 24.9%, from $54.19M to $67.71M. Over 2 years (FY 2021 to FY 2023), Software And Sensors — Research And Development Expense shows an upward trend with a 27.7% CAGR.
Analysis
How to read this metric
An increase typically signals a commitment to long-term growth and product innovation, though it may temporarily compress operating margins. A decrease could indicate a shift toward operational efficiency or a potential reduction in the pace of future product development.
Detailed definition
This metric captures the total expenditures dedicated to the research, design, and development of new software features...
Peer comparison
Comparable to R&D intensity ratios or absolute R&D spending in technology-focused peers, often evaluated relative to segment revenue to determine investment efficiency.
axon_segment_software_and_sensors_research_and_development_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $41.64M | $31.91M | $36.57M | $38.52M | $44.23M | $45.26M | $54.19M | $54.85M | $57.56M | $61.21M | $67.71M |
| QoQ Change | — | -23.4% | +14.6% | +5.3% | +14.8% | +2.3% | +19.7% | +1.2% | +5.0% | +6.3% | +10.6% |
| YoY Change | — | — | — | — | +6.2% | +41.9% | +48.2% | +42.4% | +30.1% | +35.2% | +24.9% |
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Frequently Asked Questions
- What is Axon Enterprise, Inc.'s software and sensors — research and development expense?
- Axon Enterprise, Inc. (AXON) reported software and sensors — research and development expense of $67.71M in Q4 2023.
- How has Axon Enterprise, Inc.'s software and sensors — research and development expense changed year-over-year?
- Axon Enterprise, Inc.'s software and sensors — research and development expense increased by 24.9% year-over-year, from $54.19M to $67.71M.
- What is the long-term trend for Axon Enterprise, Inc.'s software and sensors — research and development expense?
- Over 2 years (2021 to 2023), Axon Enterprise, Inc.'s software and sensors — research and development expense has grown at a 27.7% compound annual growth rate (CAGR), from $147.89M to $241.33M.
- What does software and sensors — research and development expense mean?
- The total costs incurred to research and develop new software and sensor technologies within this business unit.