Axon's Q2 Gross Margin Declines on Professional Services, New Products

1. 1Taser maker Axon Enterprise (AXON) reported a decline in Q2 gross margin
2. 2Gross margin came in at 62.9%, down 40bp, while adjusted software and services gross margin fell 3.8 percentage points to 75.1%
3. 3A larger mix of lower-margin professional services and investments in new product expansion weighed on results, sending shares down more than 6% in after-hours trading

Source Reuters · View original ↗

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