10-K/APeriod: FY2011

AXON ENTERPRISE, INC. Annual Report (Amendment), Year Ended Dec 31, 2011

Filed November 15, 2012For Securities:AXON

Summary

TASER International, Inc. (now Axon Enterprise, Inc.) filed an amendment to its 2011 10-K report, originally filed on March 13, 2012. This amendment primarily relates to the replacement of Exhibit 32, suggesting a correction or addition to certifications regarding financial reporting. As an accelerated filer, the company's 2011 performance is the focus. While specific financial figures aren't detailed in this excerpt, the filing indicates continued operations and compliance with SEC reporting requirements. Investors should note that this amendment primarily addresses procedural or disclosure adjustments rather than signaling a fundamental change in the company's business or financial health based on this limited information. For investors, the key takeaway is that TASER International was actively engaged in its reporting obligations during the 2011 fiscal year. The fact that it is an accelerated filer means it meets certain market capitalization thresholds and has a history of timely filings, which generally implies a degree of financial maturity and transparency. Further investigation into the specific content of Exhibit 32 and the rest of the original 10-K filing would be necessary to fully assess the company's financial performance and strategic direction.

Financial Highlights

49 data points
Beta

Revenue

$89.68M

49.7% Gross Margin

Net Income

-$7.04M

-7.9% Net Margin

EPS (Diluted)

$-0.12

Total Assets

$104.96M

Cash & Equivalents

$21.30M

Free Cash Flow

$15.41M

Financial Statements
Beta
Revenue$89.68M
Cost of Revenue$36.91M
Gross Profit$44.53M
R&D Expenses$9.99M
SG&A Expenses$38.00M
Operating Expenses$55.45M
Operating Income-$10.92M
Net Income-$7.04M
EPS (Basic)$-0.12
EPS (Diluted)$-0.12
Shares Outstanding (Basic)59.44M
Shares Outstanding (Diluted)59.44M

Key Highlights

  • 1TASER International, Inc. filed an Amendment No. 1 to its 2011 Form 10-K, indicating a revision to the original filing.
  • 2The amendment specifically relates to the replacement of Exhibit 32, which typically contains certifications from principal executive and financial officers.
  • 3The company was registered as an 'Accelerated Filer,' suggesting it meets certain size and filing history requirements.
  • 4The aggregate market value of common stock held by non-affiliates as of June 30, 2011, was approximately $264.9 million.
  • 5As of March 1, 2012, the company had approximately 65.3 million shares of common stock outstanding.
  • 6The filing confirms the company's principal executive offices are located in Scottsdale, Arizona.
  • 7The company actively submitted and posted Interactive Data Files required by Rule 405 of Regulation S-T.

Frequently Asked Questions

The primary purpose of this Amendment No. 1 is to replace Exhibit 32 of the original 10-K filing. Exhibit 32 typically contains certifications required by Section 302 of the Sarbanes-Oxley Act, signed by the CEO and CFO, attesting to the accuracy of financial reports. This amendment suggests a correction or update to those certifications.

Being an 'Accelerated Filer' means the company meets certain criteria set by the SEC, including having a public float of at least $75 million and being subject to the reporting requirements for at least 12 calendar months. This classification indicates a certain level of maturity and a history of timely SEC filings.

This excerpt of the amendment does not provide detailed financial performance metrics (like revenue, net income, or specific balance sheet items) for the fiscal year ended December 31, 2011. It focuses on procedural aspects of the filing, particularly regarding exhibit corrections. To understand the financial performance, one would need to review the original 10-K and any other financial statements included within it.

The aggregate market value of common stock held by non-affiliates ($264,945,572 as of June 30, 2011) is a key indicator of the company's size and public float. This figure is often used in determining filer status (like accelerated filer) and provides investors with a sense of the company's valuation in the public market at that time.