Outdoor Holding Company Stock Price, News & Analysis

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.

AMMO Inc (Nasdaq: POWW, POWWP), owner of GunBroker.com and producer of high-performance ammunition, has declared a cash dividend for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Shareholders of record as of December 2, 2024, will receive $0.55902778 per share, with the payment scheduled for December 16, 2024.

AMMO, Inc. (Nasdaq: POWW) has appointed Paul Kasowski as its new Chief Financial Officer, effective immediately. Kasowski, who previously served as the company's Chief Compliance and Transformation Officer, succeeds Rob Wiley, who resigned at the Board's request. The Board believes Kasowski's experience will support efforts to create long-term value and mature as a public company.

Additionally, AMMO has disclosed that a Special Sub-Committee of the Board has initiated an independent investigation into the company's internal control over financial reporting for fiscal years 2020 through 2023. The investigation is in its early stages, and the company does not plan to comment further until its completion.

AMMO, Inc. (Nasdaq: POWW, POWWP), owner of GunBroker.com and a leading 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 August 31, 2024 will receive a dividend of $0.55902778 per share, payable on September 16, 2024. This announcement demonstrates AMMO's commitment to providing returns to its preferred stockholders and reflects the company's financial stability in the firearms and shooting sports industry.

AMMO, Inc. (Nasdaq: POWW) reported its fiscal Q1 2025 financial results. Net revenues were $31.0 million, down from $34.3 million in the prior year. Gross profit margin decreased to 31.6% from 40.9%. Adjusted EBITDA was $2.0 million, a significant drop from $6.6 million. The company reported a net loss of $7.1 million, compared to $1.1 million in the same period last year. Diluted EPS was $(0.07) versus $(0.02) in Q1 FY2024, while adjusted EPS was $0.01 compared to $0.05. GunBroker.com, AMMO's online marketplace, generated $12.3 million in revenue with new user growth averaging 25,000 per month and an increased take rate of 6.2%. The company is building ammunition inventories for new premium rifle hunting segments and foresees further increase in take rates with their Gearfire financing solution. Additionally, AMMO repurchased 580,000 shares in the quarter, contributing to a strong financial position with $134 million in current assets.

AMMO, Inc. (Nasdaq: POWW, POWWP), owner of GunBroker.com and a leading producer of high-performance ammunition, has announced its fiscal first quarter 2025 earnings call. The call is scheduled for August 8, 2024, at 5:00 PM ET, following the release of financial results after market close on the same day. The earnings period covers the quarter ended June 30, 2024.

Management will provide financial results and corporate updates, followed by a Q&A session. Participants can pre-register for the call or dial in directly. A live webcast will also be available through the company's website.

AMMO Inc. (Nasdaq: POWW), owner of GunBroker.com, reported its Fourth Quarter and Fiscal Year 2024 results, ending March 31, 2024.

Key highlights include:

Fiscal Year 2024: Net revenues of $145.1 million, a 24.2% decrease; Gross profit margin of 29.4%; Adjusted EBITDA of $15.4 million, down from $26.4 million; Net loss of $15.6 million, compared to $4.6 million last year; Diluted EPS of ($0.16), down from ($0.07).

Fourth Quarter 2024: Net revenues of $40.4 million, a 7.5% decrease; Gross profit margin of 23.3%; Adjusted EBITDA of $2.2 million, down from $3.8 million; Net loss of $5.3 million, compared to $2.9 million last year; Diluted EPS of ($0.05), down from ($0.04).

GunBroker.com recorded new user growth of 30,000 per month in FY2024, with a revenue of $53.9 million.

CEO Jared Smith highlighted progress in rifle ammunition and casing sales and improvements in GunBroker's capabilities, forecasting a stronger Fiscal 2025.