User-700991
4 years ago
Earnings going to EXECS and not shareholders
This is why the stock loss
Someone should ask about this
and 687 million in cash for things??? like what
SG&A included $27 million in stock-based compensation expense, including nearly $11 million in "catch up" expense. R&D included $6 million in stock-based compensation expense, including $1 million in "catch up" expense. Excluding stock-based compensation expense, operating expenses declined 1% sequentially.
The "catch up" expense is tied to Axon's CEO Performance Award and eXponential Stock Performance Plan ("XSPP"), for which two additional operational goals became probable of attainment during Q2 2020 due to our strengthened outlook, bringing the total number of operational goals that are statistically probable to eleven.
For more details about Axon's innovative stock-based compensation plans, which were approved by shareholders and align the interests of management and employees with shareholders, please see our online FAQ at investor axon
Cash and cash equivalents and investments totaled $687 million at June 30, 2020, or $676 million after adjusting for an investment payable of $20 million, which net of receivables was $10 million.
Pugetsounder1
4 years ago
As body cameras gain more attention, their uses are expanding well beyond law enforcement: Seattle Times
Weeks of protests in the wake of the killing of George Floyd have placed renewed attention on police body-worn cameras, whose two largest U.S. manufacturers have a significant Seattle presence.
Axon and Motorola Solutions recently branched out to commercial sales even before Floyd’s filmed killing in Minneapolis. Cellphone footage from bystanders put the case in the spotlight, but recordings from police body cameras are expected to be introduced at trial.
Businesses and municipal services large and small — including fire departments, emergency medical technicians, private security firms, department stores and construction crews — have turned increasingly to body-worn devices from a plethora of manufacturers to monitor employees for training, safety and behavioral purposes.
“Frankly, we’ve been really surprised at the level of interest in a broad number of different industry marketplaces that were not on our radar before,’’ said Axon founder Rick Smith, whose 1,500 employees include 245 in a Seattle office that is the company’s second biggest beyond its Scottsdale, Arizona, headquarters.
The idea of body cameras as a nonlethal safety tool to monitor police and modify behavior — with the aim of reducing excessive force by officers and false complaints against them — is also what’s luring the business world.
Axon makes body cameras for the Seattle Police Department and the Minneapolis force, four of whom were charged in Floyd’s killing in May. Within the past six months, it has started selling cameras to larger companies for “industrial use” purposes, one of the bigger ones a pharmaceutical firm where devices are being worn on a trial basis by employees at drug-testing facilities.
“It turns out that any time there is any concern that somebody didn’t follow the right safety protocols, they have to scrap millions of dollars of medication,” Smith said. “But they reported back to us that by having people that are working key processes wear body cameras, they are able to go back and check and verify whether or not a process was followed. They’ve already saved millions of dollars in stuff they didn’t have to scrap.”
Others include a company doing “large truckloads of deliveries” to grocery stores, using cameras to record the physical transfer of goods to reduce theft and loss. “There are times when a client would call up and say, ‘Hey, we’re one palette short of some produce’ or ‘This produce is bad.’ Well, now that they’ve got the video, they’re able to go back and look.”
While cameras like GoPro have made significant inroads among consumers — sky divers, mountain climbers, cyclists and other outdoor enthusiasts — Smith said his commercial clients want something different. The Axon Flex 2, Axon Body 2 and newer Body 3 cameras are less focused on color pixelation and cinematography than a GoPro, but better for evidence gathering given their 12-hour, full-police-shift battery life and delivery of accurate, non-erasable footage — even in low light — and crisp audio along with secure storage options.
The Body 3 also offers livestreaming that activates automatically when a police weapon is drawn or emergency lights activated, and remote map-tracking of the camera-wearer.
“The fact that we do this with police evidence is a strong industry endorsement around the reliability and security of our overall platform,” Smith said. “It appears to really be resonating in a lot of other industries.”
Motorola has made in-vehicle cameras for police since 2004 — becoming the national leader in that realm — before branching out to body camera sales in 2015. It began selling body cameras commercially in the United Kingdom last year and in the United States the first half of this year to customers in retail sales, the railway industry and emergency first responders.
The company’s Seattle office of about 150 employees is a headquarters for its “command center software” business — which includes tools for gathering and storing video evidence obtained from body cameras.
John Kedzierski, Motorola’s senior vice president of video evidence and analytics, said the recent protests and calls for increased body camera use by police “has absolutely made more customers interested” in the product. But Kedzierski said commercial interest had already been piqued, with demand surging once the coronavirus pandemic took hold.
“Unfortunately, with the COVID-19 pandemic, we continue to see cases where customers behave very inappropriately,” Kedzierski said. “You’ve probably read and heard about cases where people engage in coughing and spitting intentionally because they were dissatisfied with something. And so, we’re seeing more demand for cameras in those areas to de-escalate those situations and, if need be, to document them.”
Clients also use the footage to train new employees on real-life situations they may face. Or, to go over how an employee handled a situation to train them to attain better outcomes.
Motorola, like Axon, wouldn’t divulge the names of its U.S. clients because it doesn’t have permission. Motorola clients overseas include the Sainsbury’s department store chain — the U.K.’s second largest — where Kedzierski said employees at about 400 of 1,400 or so locations wear the company’s VT100 camera to record customer interactions.
“Front-line employees that are trying to enforce people wearing masks, or social distancing, inside the store can encounter a customer that doesn’t want to do that,” said Kedzierski, whose company also sells VT100 cameras to the British-based ASDA and Co-op supermarket chains. “And those situations can get escalated. That focus on employee safety has been a key driver in our discussions more than anything else.”
r clarke
6 years ago
Sounds like DGLY and AAXN will have a day in court to decide the patent issue.
Digital Ally's patents cases against Taser, WatchGuard advance after surviving 5 challenges
By James Dornbrook – Reporter, Kansas City Business Journal
Jul 10, 2018, 1:16pm
Digital Ally Inc. successfully defended five challenges to its patents and now has switched to offense, pressing forward with intellectual property lawsuits against two of its largest rivals.
The Lenexa-based manufacturer (Nasdaq: DGLY) filed suit against Taser in January 2016 and WatchGuard Video in May 2016, accusing the law enforcement body camera systems of infringing on technology covered by Digital Ally's patents. The technology automates activation of the camera system when specified triggers — such as turning on emergency lights — occur.
The successful defense of its patents was huge for Digital Ally. Aside from the federal court in Kansas now lifting stays on its patent infringement lawsuits against competitors, it gives Digital Ally a stronger position to land lucrative contracts to equip police forces around the nation. Some cities, such as Phoenix, add language to their requests for proposals that require all technology to be free of claims for "infringement or misappropriation of patent, copyright, trade secret, trademark or other rights arising under the laws of the United States."
That means the body camera systems offered by two of its largest competitors — Taser-maker Axon Enterprises Inc. (Nasdaq: AAXN) and Enforcement Video LLC, which does business as WatchGuard — currently don't qualify for any contract containing that language.
Digital Ally asked for a permanent injunction against Taser and WatchGuard's systems that infringe on its patents, and if that is granted, it could create all kinds of issues for cities that have contracts with those companies.
Digital Ally also is asking the court for a reasonable royalty and compensation to cover damages such as lost profits, costs and expenses.
"This has been a long and trying battle as both Axon and WatchGuard have done everything they can to prevent these cases from moving forward," Digital Ally CEO Stanton Ross said in a Thursday release. "We have remained confident in the judicial system and patient with the process, and we are finally seeing movement towards the finish line. I hope that law enforcement agencies across the country will pay attention to these developments and consider the implications of these lawsuits and a potential injunction when equipping their officers with body cameras from companies that infringe our patents."
https://finance.yahoo.com/m/f2581a30-1c79-33dd-b73e-9438a6486d32/digital-ally%26apos%3Bs-patents.html
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