Welcome to our dedicated page for Outdoor Holding Company news (Ticker: POWW), a resource for investors and traders seeking the latest updates and insights on Outdoor Holding Company stock.
Outdoor Holding Company (NASDAQ: POWW, POWWP) is the publicly traded parent and operator of GunBroker.com, which it describes as the largest online marketplace dedicated to firearms, hunting, shooting and related products. News about Outdoor Holding Company frequently centers on the performance and evolution of this pure-play e-commerce marketplace, as well as on corporate governance, capital allocation and regulatory developments.
Investors following POWW news can expect regular earnings announcements and related conference call details, where management discusses financial results, operational highlights and progress on its marketplace-focused strategy. Recent releases have covered quarterly results, the company’s transition to an asset-light, marketplace-only model after the sale of its ammunition manufacturing business, and updates on cost discipline, platform enhancements and marketplace metrics.
Company news also includes disclosures about share repurchase authorizations, preferred stock dividends on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, and matters related to Nasdaq listing compliance. Governance and regulatory items, such as the settlement of an SEC investigation and the engagement of an outside compliance consultant, are communicated through press releases and associated SEC filings and can be tracked through this news feed.
Operational and legal developments affecting GunBroker.com are another key focus of Outdoor Holding Company news. The company has reported on court decisions confirming GunBroker.com’s status as an online marketplace and validating its intellectual property protection policies, as well as on corporate actions like relocating its headquarters to Atlanta, Georgia to align with its primary operating site. For investors, analysts and observers interested in the firearms and outdoor e-commerce space, the POWW news page provides a centralized view of these financial, legal and operational updates.
AMMO, Inc. (Nasdaq: POWW) has announced a sponsorship deal with Richard Childress Racing to sponsor the No. 23 Chevrolet driven by Ty Dillon in the upcoming NASCAR Xfinity Series race on May 29 at Charlotte Motor Speedway. CEO Fred Wagenhals emphasized the strategic alignment between AMMO and NASCAR enthusiasts. Dillon expressed enthusiasm for the opportunity, highlighting the team's strong performance aspirations. This partnership aims to elevate AMMO's brand visibility within the sporting community while supporting their shared values of patriotism and the 2nd Amendment.
AMMO, Inc. (Nasdaq: POWW) announced its first profitable quarter with revenue of $41 million for Q1 of the fiscal year 2022, ending June 30, 2021. The achievement marks significant growth and operational scale for the company since its inception. CEO Fred Wagenhals highlighted ongoing efforts in product refinement and capacity expansion, which are expected to drive continued revenue growth and shareholder value. AMMO also plans to report its fiscal 2021 results on or before June 29, with a call scheduled for updates.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant financial growth for Q1 2021. Interest income surged 206% to $546,842, while earnings from operations fell to $12,984 due to $200,000 in officer bonuses. Shareholder equity rose by 37% to $13.3M, and net asset value per share increased 41% to $1.24. The Company aims to expand its loan offerings, leveraging third-party financing opportunities, notably with gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). Risks include competition and market changes affecting loan rates.
AMMO, Inc. (Nasdaq: POWW) announced a seven-figure international ammunition deal expected to yield a gross profit margin of approximately 50%. This transaction will contribute to an anticipated $30 million in international revenue for the year, part of the previously projected $190 million total revenue. CEO Fred Wagenhals noted a rise in international market activity post-COVID, enhancing their capacity to meet demand.
AMMO, Inc. (Nasdaq: POWW) has provided an updated revenue guidance for its fiscal year ending March 31, 2022, forecasting $190 million, marking a significant 206% growth. The company also anticipates an Adjusted EBITDA exceeding $65 million and expects to achieve positive net income for the first time in fiscal year 2022, largely driven by the recent acquisition of GunBroker.com. This integration is set to enhance product offerings and operational efficiencies, benefiting shareholders.
AMMO, Inc. (Nasdaq: POWW) has announced a non-binding Letter of Intent with Mill City Ventures III, Ltd., to offer short-term consumer financing options on GunBroker.com. CEO Fred Wagenhals expects a potential 30% increase in average order volume and a 20% rise in repeat user metrics from this initiative. The partnership aims to improve user access and revenue, benefiting both companies financially. Final terms of the financing agreement are expected to be finalized in Q2 2021, though success isn't guaranteed.
AMMO, Inc. (Nasdaq: POWW) has successfully completed the acquisition of GunBroker.com in a deal valued at approximately $240 million. This acquisition transforms GunBroker.com into a wholly owned subsidiary of AMMO, enhancing its operational capabilities in the online auction marketplace for firearms and related products. AMMO expects the integration to diversify its revenue streams and leverage GunBroker.com’s established platform for future growth. The company will provide updated financial guidance on May 11, 2021.
AMMO, Inc. (Nasdaq: POWW) announces its participation in the Emerging Growth Conference on April 14, 2021, at 11:15 AM ET. This online event allows shareholders and the investment community to interact with the company directly. Registration is available through the provided link. An archived webcast will also be accessible for those unable to join live. The Emerging Growth Conference focuses on companies with strong management and innovative products, catering to a wide range of investors. AMMO, founded in 2016, specializes in ammunition for military, law enforcement, and sports.
AMMO, Inc. (Nasdaq: POWW) anticipates reporting $27 million in quarterly revenue for Q1 of FY 2022, marking an impressive 178% growth compared to the previous year. CEO Fred Wagenhals expressed satisfaction with the strong revenue growth and highlighted ongoing efforts to enhance product offerings and capacity to meet market demand. The company plans to update its guidance related to the GunBroker.com transaction, indicating potential impacts on Q1 results. AMMO specializes in various ammunition products for multiple sectors, including law enforcement and military.
AMMO, Inc. (Nasdaq: POWW) has raised its revenue guidance for fiscal year 2021 to $62 million, representing a substantial growth of 319% year-over-year. The fiscal fourth quarter revenue guidance increased by 400% to $24 million, compared to $4.8 million in Q4 2020. For fiscal year 2022, the projected revenue is $120 million, marking an anticipated 94% increase from fiscal year 2021. CEO Fred Wagenhals highlights strong domestic demand and additional growth from military orders, underpinning this optimistic guidance.