Outdoor Holding Company Stock Price, News & Analysis

Outdoor Holding Company (Nasdaq: POWW) reported Q1 fiscal 2026 results, marking its first quarter after divesting its ammunition division to focus on GunBroker.com marketplace operations. The company posted net revenues of $11.9 million, slightly down from $12.3 million year-over-year, while improving gross margin to 87.2% from 85.8%.

Key operational highlights include reduced net loss from continuing operations to ($5.9) million from ($12.0) million, and Adjusted EBITDA of $3.1 million. The company maintains a strong liquidity position with over $63 million in cash. GunBroker.com's performance showed resilience with increased average order value to $444 and growth in registered users to 8.5 million. The company has also restored Nasdaq compliance and completed its corporate rebranding from AMMO, Inc.

Outdoor Holding Company (NASDAQ: POWW) announced a significant leadership transition with Steve Urvan, founder of GunBroker.com and the company's largest shareholder, appointed as Chairman and CEO effective May 30, 2025. This appointment follows the company's recent divestiture of its ammunition manufacturing division and settles ongoing litigation with Urvan. In a notable move, Urvan will take a $1 salary for his first year, with future compensation tied to performance. The company also announced it has regained compliance with Nasdaq's listing requirements regarding timely periodic reporting. As part of the settlement, current CEO Jared Smith will resign from the Board, which will consist of five independent members plus Urvan. Former Executive Chairman Fred Wagenhals expressed support for the transition, emphasizing the company's strategic focus on growing its profitable e-commerce segment through GunBroker.com, the largest online marketplace for firearms and hunting products.

Outdoor Holding Company (POWW), owner of GunBroker.com and a major ammunition producer, has declared a dividend for its Series A Preferred Stock holders. Shareholders of record as of June 1, 2025 will receive a cash dividend of $0.546875 per share of the 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend payment is scheduled for June 16, 2025.

AMMO Inc (NASDAQ: POWW) has completed the sale of its ammunition manufacturing assets to Olin Winchester, marking a strategic shift to become a pure-play e-commerce company focused on GunBroker.com, the largest online marketplace for firearms and hunting products.

The transaction included the sale of AMMO's 185,000-square-foot manufacturing facility in Manitowoc, Wisconsin. The decision followed a comprehensive strategic review process starting February 2024, involving 15 potential buyers and receiving a fairness opinion from Lake Street Capital Markets.

The company will rebrand as Outdoor Holding Company to reflect its e-commerce focus. Recent GunBroker.com initiatives have improved customer engagement through enhanced checkout experience and expanded outdoor gear offerings. The company is currently working to regain compliance with Nasdaq listing requirements, having submitted an updated compliance plan by March 6, 2025.

AMMO Inc (Nasdaq: POWW) received a deficiency notification from Nasdaq on February 19, 2025, due to failing to timely file its Q4 2024 Form 10-Q. The delay stems from two key issues: (1) the Audit Committee's determination that certain historical financial statements require restatement, and (2) an ongoing independent investigation by a Special Committee-appointed law firm.

The company has until March 6, 2025 to submit an updated compliance plan to Nasdaq. If accepted, AMMO could receive up to 180 calendar days (until May 19, 2025) to regain compliance. Failure to meet compliance requirements could result in delisting, though the company maintains appeal rights. Currently, the notification does not immediately affect POWW's Nasdaq listing status.

AMMO Inc (Nasdaq: POWW, POWWP), owner of GunBroker.com and producer of high-performance ammunition, has announced a cash dividend for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Shareholders of record as of March 1, 2025, will receive a dividend of $0.546875 per share, payable on March 17, 2025. GunBroker.com is noted as the largest online marketplace serving the firearms and shooting sports industries.

AMMO Inc. (POWW) has announced the sale of its ammunition manufacturing assets to Olin Winchester for $75 million in cash. The transaction includes the 185,000 square foot production facility and ballistic range in Manitowoc, Wisconsin. The deal, unanimously approved by AMMO's Board of Directors, is expected to close in Q2 2025.

The company will transition to focus exclusively on its profitable GunBroker.com marketplace, the largest online platform for firearms and hunting products. This strategic move aims to streamline operations and strengthen cash flow. The company plans to undergo rebranding and a corporate name change upon closing.

Additionally, AMMO disclosed that a Special Committee investigation regarding certain disclosure and accounting matters for fiscal years 2020-2023 is in its final stages. The company expects to provide updates on historical financial statements in Q1 2025, which were previously deemed unreliable.

Olin (NYSE: OLN) has announced a definitive agreement to acquire AMMO, Inc.'s (NASDAQ: POWW) small caliber ammunition manufacturing assets for $75 million. The acquisition includes AMMO's brass shellcase capabilities and their 185,000 square foot production facility in Manitowoc, Wisconsin, built in 2022.

The assets will be integrated into Olin's Winchester Ammunition business, with expected synergies of $40 million once fully integrated. The acquisition is projected to generate $15-20 million of incremental adjusted EBITDA in the first year. By the third year, Olin expects to have paid less than two times adjusted EBITDA.

The transaction, funded through available liquidity, is expected to close in Q2 2025. The Manitowoc facility will complement Winchester's existing production capabilities, enabling greater specialization and broader participation across high-margin specialty calibers.

AMMO Inc (Nasdaq: POWW) received a deficiency notification from Nasdaq on November 20, 2024, for failing to timely file its Q3 2024 Form 10-Q. The delay is due to an ongoing independent investigation by a law firm retained by a Special Committee of the Board. The company has until January 21, 2025, to submit a compliance plan to Nasdaq. If accepted, AMMO could receive up to 180 days (until May 19, 2025) to regain compliance. Failure to comply could result in delisting, though the notice currently has no immediate effect on AMMO's Nasdaq listing.