By Connor Hart

Shares of Axon Enterprise climbed after the company more than doubled its profit and logged higher revenue in the fourth quarter.

The Taser maker additionally guided for better-than-expected sales in 2025.

Shares rose 13%, to $562, in after-hours trading Tuesday. Despite having gained 83% in the past year, the stock has lost roughly one-fifth of its value in the past three months.

The Scottsdale, Ariz., company posted net income of $135.2 million, or $1.67 a share, for its three months ended Dec. 31, compared with $57.1 million, or 75 cents a share, a year earlier.

Adjusted per-share earnings of $2.08 topped the $1.40 that analysts surveyed by FactSet expected.

Revenue increased to $575.1 million from $544.3 million and came in ahead of the $566 million that analysts modeled.

Taser revenue increased 37%, to $221 million, boosted by continued scaling of the company's Taser 10, as well as the growing adoption of the company's virtual-reality training solutions, it said. Sensors sales of $124 million were up 18% from last year.

The company said momentum is strong heading into the new year.

Axon guided for 2025 revenue of $2.55 billion to $2.65 billion, the midpoint of which is above the $2.56 billion that analysts polled by FactSet expect. It forecast adjusted earnings before interest, taxes, depreciation and amortization of $640 million to $670 million, the midpoint of which is also above the $650.5 million that analysts modeled.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 25, 2025 18:29 ET (23:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.