Operating Metrics (Unaudited)
2018 | 2017 | 2016 | |||||||||||||||||||||||||||
Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | |||||||||||||||||||||
Axon & Evidence.com Bookings (millions) | $ | 97.5 | $ | 71.2 | $ | 78.0 | $ | 81.9 | $ | 60.1 | $ | 72.5 | $ | 57.5 | $ | 72.0 | $ | 52.1 | |||||||||||
Sequential % Change | 37 | % | -9 | % | -5 | % | 36 | % | -17 | % | 26 | % | -20 | % | 38 | % | 17 | % | |||||||||||
Software & Sensors Annual recurring Revenue (millions) (1) | $ | 83.3 | $ | 70.0 | $ | 63.7 | $ | 54.7 | $ | 46.2 | $ | 40.2 | $ | 32.0 | $ | 21.1 | $ | 18.1 | |||||||||||
Future Contracted Revenue (millions) (2) | $ | 536.0 | $ | 494.2 | $ | 446.4 | $ | 390.0 | $ | 350.8 | $ | 302.0 | $ | 262.8 | $ | 202.3 | |||||||||||||
Sequential % Change | n/a | 8 | % | 11 | % | 14 | % | 11 | % | 16 | % | 15 | % | 30 | % | 27 | % | ||||||||||||
Software & Sensors Backlog (3) | $ | 570.0 | |||||||||||||||||||||||||||
Sequential % Change | n/a | ||||||||||||||||||||||||||||
Multiple Year Contract % (4) | 93 | % | 97 | % | 98 | % | 97 | % | 94 | % | 88 | % | 89 | % | 95 | % | 95 | % | |||||||||||
Weapons Op Inc % | 30 | % | 32 | % | 30 | % | 33 | % | 35 | % | 36 | % | 38 | % | 33 | % | 34 | % | |||||||||||
Evidence.com new seats booked | 25,400 | 14,100 | 18,400 | 20,600 | 16,400 | 21,400 | 15,600 | 20,200 | 15,800 | ||||||||||||||||||||
Evidence.com cumulative seats booked | 226,900 | 201,500 | 187,400 | 169,000 | 148,400 | 132,000 | 110,600 | 95,000 | 74,800 | ||||||||||||||||||||
(1) Monthly recurring license, integration, warranty and storage revenue annualized. | |||||||||||||||||||||||||||||
(2) Cumulative bookings for Axon and Evidence.com minus cumulative recognized revenue related solely to Axon and Evidence.com | |||||||||||||||||||||||||||||
(3) This metric replaces our previous disclosure of Future Contracted Revenue and represents recognized contract liabilities as well as amounts that will be invoiced and recognized in future periods. Backlog is limited only to arrangements that meet definition of a contract under Topic 606 as of March 31, 2018. | |||||||||||||||||||||||||||||
(4) For orders booked with Evidence.com seats, the % that signed multiple year contracts. |