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), 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.
AMMO, Inc. (Nasdaq: POWW), owner of GunBroker.com, announced it will release its Fourth Quarter and Fiscal Year 2024 financial results on June 13, 2024, after market close. A conference call will follow at 5:00 PM ET to discuss the results and provide corporate updates. Participants can preregister for the call online or join via dial-in numbers for domestic and international access. The call will also be webcast live on the company's website.
AMMO, owner of GunBroker, the largest online marketplace for firearms, has partnered with Gearfire Capital to provide Buy Now, Pay Later (BNPL) financing solutions. This collaboration aims to boost sales for firearms retailers by offering flexible financing options to customers. CEO Jared Smith highlighted that this partnership will help retailers compete better by offering tailored financing, while Gearfire's CEO JW Shultz emphasized the potential for expanding customer bases. The new financing programs are expected to be available later in 2024.
AMMO (Nasdaq: POWW, POWWP), based in Scottsdale, Arizona, and the owner of GunBroker.com, has announced a cash dividend for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Shareholders on record as of May 31, 2024, will receive a dividend of $0.55902778 per share. The payment is scheduled for June 17, 2024.
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