Axon Enterprise, Inc. (NASDAQ:AAXN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 05:00 pm ET

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Axon Enterprise, Inc. (NASDAQ:AAXN) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Andrea James

Hello everyone. Welcome to Axon's Second Quarter 2020 Earnings Conference Webinar. I'm Andrea James, SVP of Corporate Strategy and Investor Relations. Thank you for joining us over Zoom. We do appreciate that today is a particularly crowded earnings day and our thoughts are with those of you who are dealing with the tropical storm. Today, we have available Axon's CEO, Rick Smith; President, Luke Larson; CFO, Jawad Ahsan; Chief Revenue Officer, Josh Isner; and Chief Product Officer, Jeff Kunins and we feel great bringing you the whole team.

First, we're going to give prepared remarks and then we'll bring our analysts on the camera for questions. Analysts, your lines should be muted and try to keep them muted until it's time to ask the question and a follow-up. If you have a third question, you can let us know via the chat window. We'll circle back around depending on time. Axon's moderators, Mark, Doug and Angel will be unmuting your lines or you can mute them yourselves when we call on you. If you get into trouble, type your question in the chat window, we'll read it out loud. Hope everyone has had a chance to read the Shareholder Letter, which we released after the market closed. You can find it at investor.axon.com. Our remarks today are meant to build upon the information in that letter, which is very robust. If for some reason, there's an Internet outage beyond our control or we lose Zoom connectivity, we'll make every effort to post a copy of our prepared remarks to investor.axon.com this evening.

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, are not guarantees of future performance. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. These risks are discussed in our SEC filings. Okay. Please go ahead, Rick.

Executive
Rick Smith

Thank you, Andrea, and thank you, everyone, for joining us today. During our last quarterly update in May, one of the biggest issues we addressed was how we were managing our business through a pandemic. One quarter later, we have so much more to talk about because we've all watched thousands of people take to the streets demanding police and public safety reform. Our company's reason to exist, our mission, is for exactly moments like right now. Protect Life, we are on a mission to make energy weapons so safe and so effective that we make bullets obsolete. We preserve truth. Body cameras protect officers to bad claims and citizens from bad behavior, increasing transparency and reducing social conflict. We accelerate justice with advanced cloud software and AI that have potential to make the entire justice system more fair and more effective.

When you think of gun violence, social conflict, and a