Axon posts lower quarterly gross margin on higher mix of services, new product scaling

Aug 5 : TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a higher mix of less lucrative professional services and investments in scaling new product offerings. Shares of the Scottsdale, Arizona-based company fell more than 6 per cent in aftermarket trading following the results. Here are some details: • Axon manufactures TASER energy weapons, body cameras, drones and real-time surveillance systems for law enforcement agencies. It supplies police body cameras in the U.S. • Adjusted gross margin in Axon's software and services segment fell 3.8 per centage points to 75.1 per cent in the second quarter from a year ago, hurt by its services business.• Under the professional services business, the company supports implementation, configuration and ong