Revenues

6 Months Ended

Jun. 30, 2021

Revenues

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 June 30, 2021						Three Months Ended June 30, 2020
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	28,128		—	$	28,128	$	11,588	$	—	$	11,588
TASER X26P		9,569		—		9,569		9,511		—		9,511
TASER X2		16,145		—		16,145		16,832		—		16,832
TASER Pulse		1,701		—		1,701		2,193		—		2,193
Cartridges		46,678		—		46,678		23,772		—		23,772
Axon Body		—		19,927		19,927		—		11,844		11,844
Axon Flex		—		1,088		1,088		—		680		680
Axon Fleet		—		5,247		5,247		—		4,098		4,098
Axon Dock		—		5,509		5,509		—		4,055		4,055
Axon Evidence and cloud services		1,702		60,367		62,069		586		41,891		42,477
Extended warranties		5,857		8,149		14,006		5,098		5,735		10,833
Other		2,748		5,980		8,728		910		2,466		3,376
Total	$	112,528	$	106,267	$	218,795	$	70,490	$	70,769	$	141,259

	Six Months Ended June 30, 2021						Six Months Ended June 30, 2020
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	62,119		—	$	62,119	$	26,914	$	—	$	26,914
TASER X26P		19,532		—		19,532		20,572		—		20,572
TASER X2		28,923		—		28,923		30,907		—		30,907
TASER Pulse		3,906		—		3,906		3,393		—		3,393
Cartridges		77,096		—		77,096		50,397		—		50,397
Axon Body		—		39,683		39,683		—		24,667		24,667
Axon Flex		—		1,993		1,993		—		1,863		1,863
Axon Fleet		—		9,010		9,010		—		8,873		8,873
Axon Dock		—		12,429		12,429		—		9,006		9,006
Axon Evidence and cloud services		3,098		112,661		115,759		1,084		81,045		82,129
Extended warranties		11,503		15,649		27,152		10,075		11,193		21,268
Other		5,350		10,862		16,212		3,043		5,389		8,432
Total	$	211,527	$	202,287	$	413,814	$	146,385	$	142,036	$	288,421

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

	Three Months Ended June 30,								Six Months Ended June 30,
	2021				2020				2021				2020
United States	$	164,908	75	%	$	107,547	76	%	$	325,294	79	%	$	225,010	78	%
Other countries		53,887	25			33,712	24			88,520	21			63,411	22
Total	$	218,795	100	%	$	141,259	100	%	$	413,814	100	%	$	288,421	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, 2021 (in thousands):

	June 30, 2021
Contract assets, net	$	118,252
Contract liabilities (deferred revenue)		300,724
Revenue recognized in the period from:
Amounts included in contract liabilities at the beginning of the period		111,375

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

	June 30, 2021						December 31, 2020
	Current		Long-Term		Total		Current		Long-Term		Total
Warranty:
TASER	$	12,467	$	16,937	$	29,404	$	11,635	$	16,953	$	28,588
Software and Sensors		14,606		5,493		20,099		13,926		5,025		18,951
		27,073		22,430		49,503		25,561		21,978		47,539
Hardware:
TASER		22,408		11,498		33,906		16,314		14,304		30,618
Software and Sensors		30,033		50,081		80,114		25,181		50,981		76,162
		52,441		61,579		114,020		41,495		65,285		106,780
Services:
TASER		1,200		3,455		4,655		996		1,554		2,550
Software and Sensors		106,195		26,351		132,546		95,907		22,405		118,312
		107,395		29,806		137,201		96,903		23,959		120,862
Total	$	186,909	$	113,815	$	300,724	$	163,959	$	111,222	$	275,181

	June 30, 2021						December 31, 2020
	Current		Long-Term		Total		Current		Long-Term		Total
TASER	$	36,075	$	31,890	$	67,965	$	28,945	$	32,811	$	61,756
Software and Sensors		150,834		81,925		232,759		135,014		78,411		213,425
Total	$	186,909	$	113,815	$	300,724	$	163,959	$	111,222	$	275,181

Remaining Performance Obligations

As of June 30, 2021, we had approximately $2.04 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, 2021. 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.