Revenues

6 Months Ended

Jun. 30, 2022

Revenues

Revenues

Note 2 - Revenues

Nature of Products and Services

The following tables present our revenues by primary product and service offering (in thousands):

	Three Months Ended June 30, 2022						Three Months Ended June 30, 2021
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	53,440	$	—	$	53,440	$	28,128		—	$	28,128
TASER X26P		12,339		—		12,339		9,569		—		9,569
TASER X2		4,534		—		4,534		16,145		—		16,145
TASER Consumer devices		1,687		—		1,687		1,701		—		1,701
Cartridges		49,845		—		49,845		46,678		—		46,678
Axon Body		—		27,468		27,468		—		19,927		19,927
Axon Flex		—		621		621		—		1,088		1,088
Axon Fleet		—		15,881		15,881		—		5,247		5,247
Axon Dock		—		5,849		5,849		—		5,509		5,509
Axon Evidence and cloud services		3,720		81,911		85,631		1,702		60,367		62,069
Extended warranties		7,459		12,498		19,957		5,857		8,149		14,006
Other		2,562		5,799		8,361		2,748		5,980		8,728
Total	$	135,586	$	150,027	$	285,613	$	112,528	$	106,267	$	218,795

	Six Months Ended June 30, 2022						Six Months Ended June 30, 2021
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	103,506	$	—	$	103,506	$	62,119		—	$	62,119
TASER X26P		21,818		—		21,818		19,532		—		19,532
TASER X2		8,153		—		8,153		28,923		—		28,923
TASER Pulse		3,383		—		3,383		3,906		—		3,906
Cartridges		87,670		—		87,670		77,096		—		77,096
Axon Body		—		57,176		57,176		—		39,683		39,683
Axon Flex		—		1,950		1,950		—		1,993		1,993
Axon Fleet		—		29,701		29,701		—		9,010		9,010
Axon Dock		—		13,329		13,329		—		12,429		12,429
Axon Evidence and cloud services		6,737		161,850		168,587		3,098		112,661		115,759
Extended warranties		14,138		21,559		35,697		11,503		15,649		27,152
Other		4,541		6,528		11,069		5,350		10,862		16,212
Total	$	249,946	$	292,093	$	542,039	$	211,527	$	202,287	$	413,814

The following table presents our revenues disaggregated by geography (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2022				2021				2022				2021
United States	$	228,446	80	%	$	164,908	75	%	$	442,660	82	%	$	325,294	79	%
Other countries		57,167	20			53,887	25			99,379	18			88,520	21
Total	$	285,613	100	%	$	218,795	100	%	$	542,039	100	%	$	413,814	100	%

Contract Balances

The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the six months ended June 30, 2022 (in thousands):

	June 30, 2022
Contract assets, net	$	224,994
Contract liabilities (deferred revenue)		522,662
Revenue recognized in the period from:
Amounts included in contract liabilities at the beginning of the period		172,675

Contract liabilities (deferred revenue) consisted of the following (in thousands):

	June 30, 2022						December 31, 2021
	Current		Long-Term		Total		Current		Long-Term		Total
Warranty:
TASER	$	16,038	$	18,222	$	34,260	$	21,257	$	4,766	$	26,023
Software and Sensors		19,736		22,078		41,814		23,175		18,137		41,312
		35,774		40,300		76,074		44,432		22,903		67,335
Hardware:
TASER		26,579		20,016		46,595		12,944		28,727		41,671
Software and Sensors		47,149		94,855		142,004		34,862		81,223		116,085
		73,728		114,871		188,599		47,806		109,950		157,756
Services:
TASER		3,102		6,555		9,657		2,701		3,482		6,183
Software and Sensors		140,581		107,751		248,332		170,652		49,386		220,038
		143,683		114,306		257,989		173,353		52,868		226,221
Total	$	253,185	$	269,477	$	522,662	$	265,591	$	185,721	$	451,312

	June 30, 2022						December 31, 2021
	Current		Long-Term		Total		Current		Long-Term		Total
TASER	$	45,719	$	44,793	$	90,512	$	36,902	$	36,975	$	73,877
Software and Sensors		207,466		224,684		432,150		228,689		148,746		377,435
Total	$	253,185	$	269,477	$	522,662	$	265,591	$	185,721	$	451,312

Remaining Performance Obligations

As of June 30, 2022, we had approximately $3.33 billion of remaining performance obligations, which included both recognized contract liabilities as well as amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under Topic 606 as of June 30, 2022. We expect to recognize between 15% - 20% of this balance over the next twelve months, and generally expect the remainder to be recognized over the following ten years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.