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) announced the successful closing of an over-allotment option for 1,284,643 additional shares, raising approximately $2.7 million. Additionally, CEO Fred Wagenhals converted $2.1 million of a $3.5 million loan into equity, receiving 1 million shares. The loan conversion reduces the principal to $1.4 million, reflecting Wagenhals's commitment to the company's growth and shareholder value. The offering and conversion align with AMMO's strategy for financial stability and expansion in the ammunition sector.
AMMO, Inc. (NASDAQ: POWW) announces a positive outlook amid a booming ammunition market projected to grow from $20.8 billion in 2020 to $24.9 billion by 2025. The company reports $135 million in open orders, including a recent $5 million purchase order for its patented STREAK™ Visual Ammunition. With record firearm purchases, driven by various socio-political factors, AMMO aims for significant revenue growth by enhancing its production capacity. The company's unique offerings are designed to improve user experience across multiple sectors, including law enforcement and military.
AMMO, Inc. (NASDAQ: POWW) reported a record sales increase of $55 million for fiscal year 2021, marking a 272% year-over-year growth. The company achieved a backlog of $135 million in orders, the largest in its history. In Q2 2021, total revenue surged 307% to $12 million, with ammunition revenue up 564%. Guidance for Q3 forecasts $15 million in revenue, a 435% increase. Additionally, AMMO completed an $18 million public offering, enhancing its capital position as it aims for growth in the competitive ammunition market.
AMMO, Inc. (Nasdaq: POWW) announced the closing of its underwritten public offering of 8,564,285 shares at $2.10 per share, resulting in gross proceeds of approximately $17.98 million. The offering proceeds will support capital expenditures, product research and development, sales and marketing enhancements, and general corporate purposes. The company recently uplisted to Nasdaq on December 1, 2020, which CEO Fred Wagenhals believes will help disrupt the ammunition industry and increase shareholder value.
AMMO, Inc. (Nasdaq: POWW) announced a public offering of 8,564,285 shares at $2.10 each, aiming to raise $18 million before expenses. The offering is expected to close on December 3, 2020, and includes an option for underwriters to purchase an additional 1,284,643 shares. The funds will support product development, enhance sales and marketing, and provide working capital. Additionally, AMMO's stock began trading on Nasdaq on December 1, 2020, enhancing visibility and liquidity.
AMMO, Inc. (OTCQB: POWW) anticipates a fiscal second quarter 2021 revenue of approximately $12.0 million, marking a 306% increase year-over-year from $3.0 million in Q2 2020, and a 24% sequential rise from $9.7 million in Q1 2021. The company has increased its revenue guidance for FY 2021 from $42 million to approximately $50 million. The surge in revenue is attributed to robust commercial demand and record orders across various channels. AMMO is on track for positive adjusted EBITDA, focusing on cost management while increasing sales of higher-margin products.
AMMO, Inc. (OTCQB: POWW) announced a record backlog of $80.1 million in booked orders as of August 31, 2020. This marks the highest backlog in the company's history, driven by demand across all sectors including commercial, export, military, and law enforcement. CEO Fred Wagenhals noted a 72% year-over-year increase in federal background checks for firearm purchases, indicating sustained consumer demand. AMMO also projects achieving positive adjusted EBITDA by the fiscal second quarter, supported by ongoing production expansions and careful expense management.