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  "documentTitle": "Axon Enterprise (formerly TASER) (AAXN)",
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  "presentationDate": "2019-06-19 00:00:00",
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  "notes": "Uses direct excerpts from SEC filings to contrast the 2018 Q3 and 2018 10-K disclosures.",
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      "kind": "callout",
      "text": "Axon Had A $10M Line of Credit Through Sept 2018",
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      "text": "And Now Has A $100m Line of Credit",
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      "text": "With $349.5m of cash and equivalents at year end 2018, why did Axon quietly increase its revolving line of credit from $10m to $100m and absorb additional fees? We also not Axon boosted its funded debt to EBITDA coverage ratio from 2.0x to 2.5x.",
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      "text": "Source: Axon Q3'2018 10-Q / Axon 2018 10-K",
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      "text": "Excerpts from Axon Q3'2018 10-Q and 2018 10-K regarding credit facility terms and covenants.",
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      "kind": "title",
      "text": "Why Increase Line-of-Credit With So Much Cash Already?",
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