Axon CEO riffs on HQ uncertainty as shares pop amid strong earnings


Axon Enterprise Inc. booked $5 billion in business last year, but its unclear how much longer the company will be doing so from its Scottsdale headquarters.The maker of Tasers, body-worn cameras and a suite of other products for law enforcement and military personnel — from drones to AI tools intended to cut down on paperwork — revealed stellar fourth quarter earnings after the markets closed Feb. 25. That sent its shares skyrocketing in trading on Wednesday, gaining $75.75, or more than 15%, to close at $572.40 in heavy trading. At one point the shares topped $600 for the first time earlier in the day.CEO Rick Smith also addressed Axon’s (Nasdaq: AXON) up-in-the-air plans to build out a $1.3 billion tech-focused, mixed-use headquarters campus in Scottsdale that he says will help the company compete for top talent against blue-chip tech companies. Once complete, the HQ campus would have 1,895 residential units, Axon’s 250,000-square-foot headquarters building, a 435-key hotel and up to seven restaurants, among other features.But progress on the campus has been paused by a referendum petition effort which has clouded Axon’s future in Arizona. Axon is engaged in political efforts to “fix” the issue, Smith said Feb. 25, while also considering alternative U.S. sites in the event a resolution is not identified in the near future that allows work to proceed.“We’re not going to leave this decision open forever,” Smith said on the earnings call. “We will update you again as soon as we have fully vetted our options and come to a final decision. I intend to make that decision together with our board in the coming weeks.”Though the headquarters plan was approved by Scottsdale City Council in November, the project’s propo …

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