(Reuters) – Taser maker Axon Enterprise on Tuesday raised its full-year revenue forecast on strong demand for its software products and newly launched TASER 10.
The company also supplies equipment such as body cameras and drones to law enforcement authorities in North America, Europe and Australia.
Axon’s shares were up 1.2% in aftermarket trading.
The company now expects full-year revenue of about $1.55 billion, compared with its previous forecast of $1.51 billion to $1.53 billion.
Axon’s international revenue jumped 52% in the third quarter on the back of increased presence in Europe following the acquisition of Brussels-based Sky-Hero in June.
On an adjusted basis, Arizona-based Axon earned $1.02 per share, beating estimates of $0.76, according to LSEG data.
The company posted total quarterly revenue of $413.6 million, compared with estimates of $391.1 million in the quarter.
(Reporting by Aishwarya Jain; Editing by Shounak Dasgupta)
