Segment Data (Tables)

6 Months Ended

Jun. 30, 2024

Segment Data

Summary of operational information relative to the company's reportable segments

Information relative to our reportable segments was as follows (in thousands):

	Three Months Ended June 30,
	2024		2023
TASER segment net sales	$	196,958	$	154,410
Software and Sensors segment net sales		307,141		220,195
Total consolidated net sales	$	504,099	$	374,605
TASER adjusted gross margin	$	123,983	$	93,989
Software and Sensors adjusted gross margin		191,245		139,810
Consolidated adjusted gross margin	$	315,228	$	233,799
Stock-based compensation expense		8,517		1,678
Amortization of acquired intangible assets		2,976		—
Gross margin	$	303,735	$	232,121
Sales, general and administrative		169,427		119,922
Research and development		101,434		71,940
Interest income, net		9,782		9,663
Other income (loss), net		7,934		(62,031)
Income (loss) before provision for (benefit from) income taxes	$	50,590	$	(12,109)

	Six Months Ended June 30,
	2024		2023
TASER segment net sales	$	375,706	$	288,692
Software and Sensors segment net sales		589,129		428,956
Total consolidated net sales	$	964,835	$	717,648
TASER adjusted gross margin	$	234,454	$	177,818
Software and Sensors adjusted gross margin		372,101		261,403
Consolidated adjusted gross margin	$	606,555	$	439,221
Stock-based compensation expense		38,112		2,998
Amortization of acquired intangible assets		4,662		—
Gross margin	$	563,781	$	436,223
Sales, general and administrative		322,096		236,489
Research and development		192,531		142,867
Interest income, net		20,156		19,329
Other income (loss), net		147,000		(46,421)
Income before provision for income taxes	$	216,310	$	29,775