Axon (NASDAQ:AXON) shares gained more than 4% intra-day today after the company delivered third-quarter financial figures that surpassed expectations.

The company reported robust earnings of $1.02 per share, outperforming the analyst predictions of $0.76. Axon’s revenue for the quarter was impressive as well, with a total of $414 million. This not only represents a 33% increase from the previous year but also exceeds the Street forecast of $391.2 million.

Breaking it down by segment, Axon’s Taser division achieved net sales of $162.6 million, which is a 12% increase year-over-year, slightly ahead of the projected $162 million. The Software and Sensors division experienced remarkable growth, with net sales hitting $251.0 million, up 50% from the previous year and topping the estimates of $230 million.

For the full 2023-year, Axon anticipates its revenue to hit the target of $1.55 billion, which climbs above the analysts’ estimate of $1.53 billion.

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