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Revenues (Tables)

12 Months Ended

Dec. 31, 2023

Revenues.

Summary of Revenue by Product and Service Offering and Geography

The following table presents our revenues by primary product and service offering (in thousands):


		Year Ended December 31, 2023									Year Ended December 31, 2022
					Software and									Software and
		TASER			Sensors			Total			TASER			Sensors			Total
TASER Devices (Professional)		$	333,923			—			333,923		$	282,698		$	—		$	282,698
Cartridges			193,285			—			193,285			181,686			—			181,686
Axon Evidence and Cloud Services			34,775			566,183			600,958			18,752			371,889			390,641
Extended Warranties			31,689			62,577			94,266			29,008			49,765			78,773
Axon Body Cameras and Accessories			—			183,023			183,023			—			157,281			157,281
Axon Fleet Systems			—			118,129			118,129			—			63,017			63,017
Other ^{(1) (2)}			18,933			20,874			39,807			19,422			16,417			35,839
Total		$	612,605		$	950,786		$	1,563,391		$	531,566		$	658,369		$	1,189,935


		Year Ended December 31, 2021
					Software and
		TASER			Sensors			Total
TASER Devices (Professional)		$	234,616		$	—		$	234,616
Cartridges			152,842			—			152,842
Axon Evidence and Cloud Services			9,159			246,005			255,164
Extended Warranties			24,125			33,686			57,811
Axon Body Cameras and Accessories			—			104,080			104,080
Axon Fleet Systems			—			24,319			24,319
Other ^{(1) (2)}			16,185			18,364			34,549
Total		$	436,927		$	426,454		$	863,381

⁽¹⁾ TASER segment “Other” includes smaller categories, such as Virtual Reality hardware, CED 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):


		Year Ended December 31,
		2023					2022					2021
United States		$	1,338,208		86	%	$	987,975		83	%	$	686,914		80	%
Other Countries			225,183		14			201,960		17			176,467		20
Total		$	1,563,391		100	%	$	1,189,935		100	%	$	863,381		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 year ended December 31, 2023 (in thousands):


		Year Ended December 31,
		2023			2022			2021
Contract assets, net		$	353,489		$	242,072		$	210,174
Contract liabilities (deferred revenue)			773,543			608,040			451,312
Revenue recognized in the period from:
Amounts included in contract liabilities at the beginning of the period			363,341			261,271			177,812

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


		December 31, 2023									December 31, 2022
		Current			Long-Term			Total			Current			Long-Term			Total
Warranty:
TASER		$	14,773		$	18,828		$	33,601		$	14,207		$	17,618		$	31,825
Software and Sensors			33,940			16,036			49,976			26,229			15,338			41,567
			48,713			34,864			83,577			40,436			32,956			73,392
Hardware:
TASER			42,464			29,689			72,153			49,361			12,640			62,001
Software and Sensors			62,635			117,024			179,659			50,426			109,227			159,653
			105,099			146,713			251,812			99,787			121,867			221,654
Services:
TASER			7,939			3,983			11,922			7,637			9,501			17,138
Software and Sensors			329,940			96,292			426,232			212,177			83,679			295,856
			337,879			100,275			438,154			219,814			93,180			312,994
Total		$	491,691		$	281,852		$	773,543		$	360,037		$	248,003		$	608,040


		December 31, 2023									December 31, 2022
		Current			Long-Term			Total			Current			Long-Term			Total
TASER		$	65,176		$	52,500		$	117,676		$	71,205		$	39,759		$	110,964
Software and Sensors			426,515			229,352			655,867			288,832			208,244			497,076
Total		$	491,691		$	281,852		$	773,543		$	360,037		$	248,003		$	608,040

Capitalized Contract Cost

As of December 31, 2023, our assets for costs to obtain contracts were as follows (in thousands):


		December 31, 2023			December 31, 2022
Current deferred commissions ⁽¹⁾		$	46,335		$	29,405
Deferred commissions, net of current portion ⁽²⁾			119,401			93,213
		$	165,736		$	122,618

(1)	Current deferred commissions are included within prepaid expenses and other current assets on the consolidated balance sheets.

(2)	Deferred commissions, net of current portion, are included in other assets on the consolidated balance sheets.