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Axon Enterprise invests $1.2 billion in Skydio and sees 28% Q3 revenue growth

The Motley Fool +2 · ·by G4L

AXON
AXON Axon Enterprise Inc
$302.54 -0.21%
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  1. 1Axon Enterprise announced a $1.2 billion investment in Skydio this quarter.
  2. 2Axon Enterprise adjusted its annual revenue growth forecast to 30% due to the postponement of three large federal deployments.
  3. 3Axon Enterprise recorded Q3 revenue of $9.09 million, a 28% increase from the previous year.

So what's the key point?

Axon Enterprise invested $1.2 billion in Skydio. The annual revenue growth forecast was adjusted to 30%.

Source The Motley Fool +2 · View original ↗

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