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 extended its non-binding letter of intent with IA Tech LLC concerning the acquisition of GunBroker.com, the leading online auction marketplace for firearms and related products. The parties continue to finalize due diligence and documentation, aiming for a closing date in mid to late April 2021. This acquisition is seen as a strategic move to enhance AMMO's market presence and product offerings.
AMMO, Inc. (Nasdaq: POWW) announced the successful shipment of its patented armor piercing and military-grade ammunition to a European ally under a US State Department export license. This shipment includes products like the .338 Lapua Magnum and .50 BMG Armor Piercing rounds. CEO Fred Wagenhals expressed optimism about expanding international opportunities post-COVID, emphasizing the safety and performance of their products. AMMO aims to support law enforcement and military branches globally, showcasing its innovative approach in the munitions industry.
AMMO, Inc. (Nasdaq: POWW) announced the acquisition of a new high precision ammunition loading line for its Manitowoc, WI plant. This line is designed to produce high precision cartridges that meet the stringent manufacturing standards of the U.S. military for sniper ammunition, while also catering to civilian long-range shooters. CEO Fred Wagenhals highlighted the strategic importance of this purchase to meet growing demand in both military and civilian markets. The company aims to enhance its capacity, building on a history of steady increases over the past 18 months.
AMMO, Inc. (Nasdaq: POWW) has successfully closed its underwritten public offering of 23 million shares at a price of $5.00 per share, raising gross proceeds of $115 million. This offering included the exercise of an over-allotment option for an additional 3 million shares. The funds will be allocated for general corporate purposes, including debt reduction, capital expenditures, and potential acquisitions. The company aims to enhance production capacity and build a new plant, reinforcing its strategic vision.
AMMO, Inc. (Nasdaq: POWW) has announced a public offering of 20,000,000 shares of common stock priced at $5.00 each, with expected gross proceeds of approximately $100 million. The offering is set to close on March 16, 2021, contingent on customary conditions. A 30-day option for underwriters to purchase an additional 3,000,000 shares exists. Funds raised will be allocated for general corporate purposes, including debt reduction and potential acquisitions.
AMMO, Inc. (Nasdaq: POWW) announced plans for an underwritten public offering of new shares of its common stock, with underwriters potentially acquiring an additional 15% of shares sold. Proceeds will be utilized for general corporate purposes, including debt reduction, capital expenditures, and potential acquisitions. Roth Capital Partners and Alexander Capital are managing the offering, which is subject to market conditions. The shares are offered under an effective shelf registration statement.
AMMO, Inc. (Nasdaq: POWW) has signed a Commercial Distribution Agreement with BIO AMMO, S.L., granting exclusive rights to distribute BIO AMMO's patented biodegradable shotgun shells in the U.S. This innovative product includes 12-gauge lead and steel cartridges aimed at the hunting and sporting markets, and is already sold in 20 countries. The biodegradable technology has been certified by TÜV AUSTRIA, and AMMO plans to expand its eco-friendly offerings with new biodegradable ammunition in development.
AMMO, Inc. (Nasdaq: POWW) anticipates reporting $120 million in annual revenue for the fiscal year ending March 31, 2022, with an expected Adjusted EBITDA surpassing $20 million. The company forecasts triple-digit growth in both revenue and Adjusted EBITDA in the upcoming fiscal year, driven by scaling operations and increased production capabilities. CEO Fred Wagenhals emphasized the company's efforts to tackle a growing backlog, which is expected to further enhance financial metrics.
AMMO, Inc. (Nasdaq: POWW) announced positive financial indicators during its Q3 earnings call on February 16, 2021. The company reported a positive Adjusted EBITDA of $2.4 million for the quarter, contributing to a nine-month total of $3.3 million. Despite a net loss of $1.9 million, excluding non-cash expenses, AMMO achieved a net income of approximately $500,000. The gross margin for Q3 reached around 20%, an 88% increase compared to the prior quarter. AMMO expects transformative growth in FY2022, driven by a pending acquisition and operational efficiencies.
AMMO, Inc. (Nasdaq: POWW) announced its fiscal third quarter results for 2021, reporting sales of $16.6 million, a remarkable 500% increase year-over-year. For the nine-month period, sales reached $38.3 million, up 282%. Gross profit margins improved to approximately 20%, a 163% increase. Adjusted EBITDA for the quarter grew to $2.4 million, reflecting a 295% increase. Despite a net loss of $1.9 million for the quarter, AMMO anticipates continued growth with guidance of $20 million for Q4 and $58 million for the fiscal year ending March 31, 2021.