MEDIUMBuilt-inProduct / Revenue mix
CEDs and related products
“10-K Item 1A: 'We derive a significant portion of our revenues from sales of CEDs and related products and services'”
AXON · Concentration risk · 10-K extracted
Axon Enterprise (AXON) concentration risks
Updated
The most significant concentration Axon Enterprise discloses is CEDs and related products, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Axon Enterprise’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
TASER 10 CED raw material suppliers
“10-K Item 1A: 'We also purchase raw materials for TASER 10 CEDs from a limited number of suppliers...Because of the unique requirements of TASER 10 CEDs, we cannot change suppliers easily'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile pairs a product dependency with a supply-side dependency, both at the moderate-share level, and both pointing to risks that are specific to the company's core conducted energy device franchise. On the product side, a significant portion of revenues is derived from sales of conducted energy devices and related products and services — a moderate-share product concentration by disclosed size, structural in character, reflecting the company's deliberate focus on a single product category and the adjacent software and cloud services that surround it. A sustained decline in adoption of this product type, regulatory restrictions, or a reputational event affecting that device category would compress this revenue stream directly. The supply side adds a separate but reinforcing dependency: raw materials for TASER 10 conducted energy devices are purchased from a limited number of suppliers, and because of the unique requirements of this product, switching suppliers is not straightforward. This is a moderate-share dependency by disclosed size; the specialized materials requirements mean supplier continuity is operationally important, and a disruption could delay production or increase costs in a way that cannot be quickly absorbed. Together these two exposures are linked — both trace back to the same core product. A supply disruption would affect the primary revenue driver, and any product-level headwind would directly hit the segment these suppliers support. No customer or geographic concentration is disclosed on top of this profile. The key variables to monitor are procurement stability for TASER 10 materials and broader adoption trends for conducted energy devices in law enforcement.
For the engine’s reasoning on AXON’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Aerospace & Defense
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BA | Boeing Company (The) | 2 | 3 | 0 | 5 |
| AVAV | AeroVironment, Inc. | 1 | 1 | 2 | 4 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON● | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| AIR | AAR Corp. | 0 | 0 | 1 | 1 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.