R&D Spending: A Tale of Two Innovators

In the competitive landscape of innovation, research and development (R&D) spending is a key indicator of a company's commitment to future growth. Over the past decade, Axon Enterprise, Inc. and ITT Inc. have demonstrated contrasting strategies in their R&D investments.

Axon Enterprise, Inc.

From 2014 to 2023, Axon Enterprise, Inc. has shown a remarkable increase in R&D spending, growing by over 1,900%. Starting at just 15% of ITT's R&D expenses in 2014, Axon has surged ahead, reaching nearly three times ITT's spending by 2023. This aggressive investment reflects Axon's dedication to innovation in public safety technology.

ITT Inc.

Conversely, ITT Inc.'s R&D spending has remained relatively stable, with a modest 34% increase over the same period. This steady approach suggests a focus on maintaining existing technologies while cautiously exploring new opportunities.

In this showdown, Axon's bold strategy highlights its ambition to lead the future of innovation.