Revenues (Tables)

3 Months Ended

Mar. 31, 2023

Revenues.

Summary of Revenue by Product and Service Offering and Geography

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

	Three Months Ended March 31, 2023						Three Months Ended March 31, 2022
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER Devices (Professional)	$	67,472	$	—	$	67,472	$	63,164	$	—	$	63,164
Cartridges		46,800		—		46,800		37,825		—		37,825
Axon Evidence and Cloud Services		7,201		118,314		125,515		3,017		79,939		82,956
Extended Warranties		7,670		14,085		21,755		6,679		9,061		15,740
Axon Body Cameras and Accessories		—		38,797		38,797		—		38,517		38,517
Axon Fleet Systems		—		32,972		32,972		—		13,820		13,820
Other (1) (2)		5,139		4,593		9,732		3,675		729		4,404
Total	$	134,282	$	208,761	$	343,043	$	114,360	$	142,066	$	256,426

(1) TASER segment “Other” includes smaller categories, such as VR hardware, weapons training revenue such as revenue associated with our Master Instructor School, and TASER consumer device sales.

(2) Software and Sensors segment “Other” includes revenue from items including Signal Sidearm, Interview Room and Axon Air.

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

	Three Months Ended March 31,
	2023				2022
United States	$	290,938	85	%	$	214,214	84	%
Other countries		52,105	15			42,212	16
Total	$	343,043	100	%	$	256,426	100	%

Summary of contract with customer, assets and liabilities

The following table presents our contract assets, contract liabilities and certain information related to these balances as of and for the three months ended March 31, 2023 (in thousands):

	March 31, 2023
Contract assets, net	$	271,755
Contract liabilities (deferred revenue)		658,427
Revenue recognized in the period from:
Amounts included in contract liabilities at the beginning of the period		133,707

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

	March 31, 2023						December 31, 2022
	Current		Long-Term		Total		Current		Long-Term		Total
Warranty:
TASER	$	13,333	$	18,198	$	31,531	$	14,207	$	17,618	$	31,825
Software and Sensors		28,105		15,467		43,572		26,229		15,338		41,567
		41,438		33,665		75,103		40,436		32,956		73,392
Hardware:
TASER		46,575		16,896		63,471		49,361		12,640		62,001
Software and Sensors		61,554		106,398		167,952		50,426		109,227		159,653
		108,129		123,294		231,423		99,787		121,867		221,654
Services:
TASER		6,016		9,425		15,441		7,637		9,501		17,138
Software and Sensors		252,478		83,982		336,460		212,177		83,679		295,856
		258,494		93,407		351,901		219,814		93,180		312,994
Total	$	408,061	$	250,366	$	658,427	$	360,037	$	248,003	$	608,040

	March 31, 2023						December 31, 2022
	Current		Long-Term		Total		Current		Long-Term		Total
TASER	$	65,924	$	44,519	$	110,443	$	71,205	$	39,759	$	110,964
Software and Sensors		342,137		205,847		547,984		288,832		208,244		497,076
Total	$	408,061	$	250,366	$	658,427	$	360,037	$	248,003	$	608,040