Discontinued — last reported Q4 '22
Services — Contract With Customer Liability Noncurrent
Axon Enterprise, Inc. Services — Contract With Customer Liability Noncurrent decreased by 0.6% to $109.66M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 14.0%, from $96.18M to $109.66M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates strong long-term customer commitment and a robust multi-year revenue backlog, while a decrease may signal potential churn or shorter contract renewals.
Detailed definition
This metric tracks the portion of deferred revenue from service contracts that is expected to be recognized as income be...
Peer comparison
Comparable to long-term deferred revenue or non-current unearned revenue reported by enterprise software and service firms.
axon_segment_services_contract_with_customer_liability_noncurrentHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $52.87M | $48.89M | $114.31M | $127.75M | $93.18M | $93.41M | $96.14M | $96.18M | $100.28M | $107.68M | $110.36M | $109.66M |
| QoQ Change | — | -7.5% | +133.8% | +11.8% | -27.1% | +0.2% | +2.9% | +0.0% | +4.3% | +7.4% | +2.5% | -0.6% |
| YoY Change | — | — | — | — | +76.3% | +91.1% | -15.9% | -24.7% | +7.6% | +15.3% | +14.8% | +14.0% |
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Frequently Asked Questions
- What is Axon Enterprise, Inc.'s services — contract with customer liability noncurrent?
- Axon Enterprise, Inc. (AAXN) reported services — contract with customer liability noncurrent of $109.66M in Q3 2024.
- How has Axon Enterprise, Inc.'s services — contract with customer liability noncurrent changed year-over-year?
- Axon Enterprise, Inc.'s services — contract with customer liability noncurrent increased by 14.0% year-over-year, from $96.18M to $109.66M.
- What does services — contract with customer liability noncurrent mean?
- The amount of revenue from service contracts expected to be earned after the next year.