Revenues (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021						Year Ended December 31, 2020
			Software and						Software and
	TASER		Sensors		Total		TASER		Sensors		Total
TASER 7	$	135,906	$	—	$	135,906	$	107,506	$	—	$	107,506
TASER X26P		40,629		—		40,629		41,724		—		41,724
TASER X2		58,081		—		58,081		60,107		—		60,107
TASER Consumer devices		7,132		—		7,132		9,407		—		9,407
Cartridges		152,842		—		152,842		115,193		—		115,193
Axon Body		—		75,484		75,484		—		57,150		57,150
Axon Flex		—		4,155		4,155		—		4,082		4,082
Axon Fleet		—		24,319		24,319		—		20,108		20,108
Axon Dock		—		24,441		24,441		—		19,723		19,723
Axon Evidence and cloud services		9,159		246,005		255,164		2,935		176,797		179,732
Extended warranties		24,125		33,686		57,811		20,754		24,408		45,162
Other		9,053		18,364		27,417		8,926		12,183		21,109
Total	$	436,927	$	426,454	$	863,381	$	366,552	$	314,451	$	681,003

	Year Ended December 31, 2019
			Software and
	TASER		Sensors		Total
TASER 7	$	56,652	$	—	$	56,652
TASER X26P		52,524		—		52,524
TASER X2		55,920		—		55,920
TASER Consumer devices		4,089		—		4,089
Cartridges		85,987		—		85,987
Axon Body		—		44,039		44,039
Axon Flex		—		5,928		5,928
Axon Fleet		—		16,182		16,182
Axon Dock		—		20,449		20,449
Axon Evidence and cloud services		704		130,265		130,969
Extended warranties		18,074		19,188		37,262
Other		7,711		13,148		20,859
Total	$	281,661	$	249,199	$	530,860

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

	Year Ended December 31,
	2021				2020				2019
United States	$	686,914	80	%	$	535,079	79	%	$	446,100	84	%
Other Countries		176,467	20			145,924	21			84,760	16
Total	$	863,381	100.0	%	$	681,003	100.0	%	$	530,860	100.0	%

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, 2021 (in thousands):

	Year Ended December 31,
	2021		2020		2019
Contract assets, net	$	210,174	$	84,044	$	47,746
Contract liabilities (deferred revenue)		451,312		275,181		205,800
Revenue recognized in the period from:
Amounts included in contract liabilities at the beginning of the period		177,812		135,513		101,768

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

	December 31, 2021						December 31, 2020
	Current		Long-Term		Total		Current		Long-Term		Total
Warranty:
TASER	$	21,257	$	4,766	$	26,023	$	11,635	$	16,953	$	28,588
Software and Sensors		23,175		18,137		41,312		13,926		5,025		18,951
		44,432		22,903		67,335		25,561		21,978		47,539
Hardware:
TASER		12,944		28,727		41,671		16,314		14,304		30,618
Software and Sensors		34,862		81,223		116,085		25,181		50,981		76,162
		47,806		109,950		157,756		41,495		65,285		106,780
Services:
TASER		2,701		3,482		6,183		996		1,554		2,550
Software and Sensors		170,652		49,386		220,038		95,907		22,405		118,312
		173,353		52,868		226,221		96,903		23,959		120,862
Total	$	265,591	$	185,721	$	451,312	$	163,959	$	111,222	$	275,181

	December 31, 2021						December 31, 2020
	Current		Long-Term		Total		Current		Long-Term		Total
TASER	$	36,902	$	36,975	$	73,877	$	28,945	$	32,811	$	61,756
Software and Sensors		228,689		148,746		377,435		135,014		78,411		213,425
Total	$	265,591	$	185,721	$	451,312	$	163,959	$	111,222	$	275,181

Capitalized Contract Cost

As of December 31, 2021, our assets for costs to obtain contracts were as follows (in thousands):

	December 31, 2021		December 31, 2020
Current deferred commissions (1)	$	19,962	$	13,316
Deferred commissions, net of current portion (2)		54,028		32,455
	$	73,990	$	45,771

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

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