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Revenues
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenues

2. Revenues

Nature of Products and Services

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

Three Months Ended March 31, 2020

Three Months Ended March 31, 2019

    

    

Software and

    

    

    

Software and

    

TASER

Sensors

Total

TASER

Sensors

Total

TASER 7

$

15,326

$

$

15,326

$

9,954

$

$

9,954

TASER X26P

 

11,061

 

 

11,061

 

15,872

 

 

15,872

TASER X2

 

14,075

 

 

14,075

 

13,085

 

 

13,085

TASER Pulse and Bolt

 

1,200

 

 

1,200

 

670

 

 

670

Single cartridges

 

26,625

 

 

26,625

 

19,160

 

 

19,160

Axon Body

 

 

12,823

 

12,823

 

 

6,445

 

6,445

Axon Flex

 

 

1,183

 

1,183

 

 

1,224

 

1,224

Axon Fleet

 

 

4,775

 

4,775

 

 

3,516

 

3,516

Axon Dock

 

 

4,951

 

4,951

 

 

3,312

 

3,312

Axon Evidence and cloud services

 

498

 

39,154

 

39,652

 

36

 

27,618

 

27,654

TASER Cam

 

 

927

 

927

 

 

903

 

903

Extended warranties

 

4,977

 

5,458

 

10,435

 

4,316

 

4,930

 

9,246

Other

 

2,133

 

1,996

 

4,129

 

2,298

 

2,471

 

4,769

Total

$

75,895

$

71,267

$

147,162

$

65,391

$

50,419

$

115,810

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

Three Months Ended March 31, 

2020

2019

United States

    

$

117,463

    

80

%  

$

94,333

    

81

%  

Other countries

 

29,699

 

20

 

21,477

 

19

Total

$

147,162

 

100

%  

$

115,810

 

100

%  

Contract Balances

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, 2020 (in thousands):

    

March 31, 2020

Contract assets, net

$

56,252

Contract liabilities (deferred revenue)

 

211,713

Revenue recognized in the period from:

 

  

Amounts included in contract liabilities at the beginning of the period

 

48,465

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

March 31, 2020

December 31, 2019

    

Current

    

Long-Term

    

Total

    

Current

    

Long-Term

    

Total

Warranty:

 

  

 

  

 

  

 

  

 

  

 

  

TASER

$

12,963

$

15,469

$

28,432

$

12,716

$

16,378

$

29,094

Software and Sensors

 

10,886

 

4,447

 

15,333

 

9,852

 

5,156

 

15,008

 

23,849

 

19,916

 

43,765

 

22,568

 

21,534

 

44,102

Hardware:

 

  

 

  

 

  

 

  

 

  

 

  

TASER

 

14,097

 

15,901

 

29,998

 

9,569

 

15,468

 

25,037

Software and Sensors

 

17,142

 

36,062

 

53,204

 

22,235

 

33,759

 

55,994

 

31,239

 

51,963

 

83,202

 

31,804

 

49,227

 

81,031

Services:

 

  

 

  

 

  

 

  

 

  

 

  

TASER

 

588

 

1,293

 

1,881

 

293

 

765

 

1,058

Software and Sensors

 

64,151

 

18,714

 

82,865

 

63,199

 

16,410

 

79,609

$

64,739

$

20,007

$

84,746

$

63,492

$

17,175

$

80,667

Total

$

119,827

$

91,886

$

211,713

$

117,864

$

87,936

$

205,800

March 31, 2020

December 31, 2019

    

Current

    

Long-Term

    

Total

    

Current

    

Long-Term

    

Total

TASER

$

27,648

$

32,663

$

60,311

$

22,578

$

32,611

$

55,189

Software and Sensors

 

92,179

 

59,223

 

151,402

 

95,286

 

55,325

 

150,611

Total

$

119,827

$

91,886

$

211,713

$

117,864

$

87,936

$

205,800

Remaining Performance Obligations

As of March 31, 2020, we had approximately $1.27 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 March 31, 2020. We expect to recognize between 20% - 25% of this balance over the next twelve months, and generally expect the remainder to be recognized over the following five to seven years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.