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Outdoor Holding Company reports developments tied to GunBroker.com, its online marketplace for firearms, hunting, shooting and related products. Recent updates center on marketplace technology, seller listing tools, Federal Firearms License transfer workflows, quarterly results, investor communications, preferred stock dividends and common-stock repurchase authorization.
The company has also reported the resolution of legacy legal and regulatory matters and describes its post-divestiture focus as a marketplace-centered business. GunBroker.com listings are posted by third-party sellers, with firearm transactions governed by federal and state law and completed through licensed firearms dealers as transfer agents.
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.