Axon Enterprise, Inc. (NASDAQ:AAXN) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 05:00 pm ET


Axon Enterprise, Inc. (NASDAQ:AAXN) Q3 2019 Earnings Conference Call - Final Transcript


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Good afternoon. My name is Robert, and I will be your conference operator today. At this time, I would like to welcome everyone to the Axon Q3 2019 Earnings Call. [Operator Instructions]

I will now turn the call over to Andrea James, VP of Investor Relations and Corporate Strategy. You may begin your conference.

Andrea James

Thank you, Robert. Hello, everyone. Welcome to Axon's third quarter 2019 earnings conference webcast. Here in the room in our Scottsdale headquarters, we have Axon CEO, Rick Smith; President, Luke Larson; CFO, Jawad Ahsan; Chief Revenue Officer, Josh Isner; and a new comer, Chief Product Officer, Jeff Kunins.

I hope you all had a chance to read our shareholder letter, which was released after the market closed. You can find it at Management's remarks today are meant to build upon the information in that letter.

During this call we will discuss our business outlook and make forward-looking statements. Any forward-looking statements made today are pursuant to and within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These comments are based on our predictions and expectations as of today, and are not guarantees of future performance. All forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially. These risks are discussed in our SEC filings.

You can go ahead Rick.

Rick Smith

Hey everybody. Welcome to the call. We are having a pretty good day here and I appreciate you taking the time to join us. We're pleased with our financial performance and our product execution in the quarter. We achieved several of our 2019 objectives in rapid succession in Q3, which we outlined in detail in our shareholder letter. The achievements we unlocked since our last update support our vision of creating the best-in-class technology ecosystem for public safety. We want to empower patrol officers to be more efficient, more effective, and the ultimate end result will be fewer tragedies, greater transparency and safer communities.

Over the past year, our Board of Directors and myself, and the rest of the executive team undertook an extensive talent search for a Chief Product Officer. I'm incredibly pleased to welcome Jeff Kunins to the Company. It's been rewarding to work alongside someone with more than 25 years of high impact product experience, most recently as a VP on Amazon Alexa team, and watching leverage that talent to work on solving problems for our customers and public safety. Jeff is already adding value to our long-term strategy discussions. He will be a key partner in helping us to scale across the more diverse range of products we're now aggressively delivering for customers.

Those of you who have been with us for a while know that we get very close to our customers. We spend a lot of time listening to what they want in designing products to make their lives easier. So as we do with all of our new talent, we've put Jeff through a substantial on-boarding