Outdoor Holding Company Announces Authorization of Share Repurchase Program

Rhea-AI Summary

Outdoor Holding Company (Nasdaq: POWW) announced that its Board authorized a discretionary share repurchase program to buy back up to $15 million of common stock over the next 12 months.

Repurchases may be executed from time to time at management's discretion via open-market purchases, privately negotiated transactions, or other means, including pursuant to Rule 10b5-1 trading plans. The program is funded from existing cash balances, future operating cash flows, or other legally available funds and does not obligate the company to repurchase any specific number of shares.

The Board said the authorization is intended to provide flexibility for capital allocation while maintaining a strong balance sheet; the program may be modified, suspended, or terminated at any time.

Positive

• Authorization to repurchase up to $15 million in shares
• Repurchase window: 12 months from authorization date
• Repurchases may use existing cash or operating cash flows
• Execution flexibility: open-market, negotiated, or Rule 10b5-1 plans

Negative

• Program is discretionary and may result in no repurchases
• Program may be modified, suspended, or terminated at any time

Key Figures

Share repurchase authorization $15 million Maximum common stock repurchases over next 12 months

Repurchase horizon 12 months Duration of authorized buyback program

Current share price $1.67 Pre-news price level vs 52-week range

52-week high $2.135 Price is below this recent high

52-week low $1.08 Price is above this recent low

Market capitalization $200,259,514 Equity value before buyback announcement

200-day moving average $1.54 Technical trend reference level

Funding sources Cash, operating cash flow, other funds Stated sources for repurchases

Market Reality Check

$23.86 Last Close

Volume Volume 210,863 vs 20-day average 311,771 ahead of the buyback news. low

Technical Price $1.67 is trading above the $1.54 200-day moving average.

Peers on Argus

Peers show mixed moves: from -1.32% (ISSC) and -0.48% (SPAI) to gains of 6.6% (VWAV) and 3.38% (DPRO), suggesting POWW’s buyback news impact is stock-specific rather than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 16	SEC settlement	Positive	+2.0%	Settlement of SEC matter without civil penalty or monetary sanction.
Nov 12	Preferred dividend	Positive	+1.6%	Cash dividend on 8.75% Series A preferred with set record and pay dates.
Nov 10	Earnings results	Positive	+6.1%	Return to profitability, higher adjusted EBITDA, stronger gross margin and cash.
Oct 20	Earnings call notice	Neutral	+0.0%	Announcement of timing and access details for Q2 fiscal 2026 call.
Oct 01	HQ relocation	Neutral	-2.0%	Headquarters move to Atlanta aimed at reducing overhead and redundancies.

Pattern Detected

Recent news with clearly positive implications (profitability, dividend, SEC settlement) has generally been followed by positive price reactions, while a cost-focused HQ move saw a modest negative reaction.

Recent Company History

Over the last few months, Outdoor Holding Company has emphasized cleanup and profitability. On November 10, 2025, it reported a return to profitability with improved gross margins and higher adjusted EBITDA, backed by $65.67M in cash. A preferred dividend announcement on November 12, 2025 and an SEC settlement without monetary penalties on December 16, 2025 further supported a stabilization narrative. The new $15M share repurchase authorization fits this pattern of shareholder-focused capital actions.

Market Pulse Summary

This announcement details a $15M discretionary share repurchase program over the next 12 months, funded from cash, operating cash flow, or other available funds. It follows recent steps toward profitability, capital returns, and regulatory cleanup. The program’s flexibility means actual buybacks will depend on market conditions and liquidity needs. Investors may watch how much of the authorization is utilized, any changes in cash levels, and subsequent disclosures on repurchase activity over time.

Key Terms

share repurchase program financial

"Board of Directors authorized a discretionary share repurchase program pursuant to which"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

open market purchases financial

"including open market purchases, privately negotiated transactions, and other means"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

rule 10b5-1 trading plans regulatory

"including pursuant to one or more Rule 10b5-1 trading plans."

Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.

insider trading policy regulatory

"Repurchases will be conducted in accordance with the Company’s insider trading policy"

A written set of rules that tells employees, executives and board members what information they may not use to buy or sell a company's stock and when trading is allowed. Think of it as a playbook or house rules that prevent people with secret knowledge from getting an unfair advantage; it matters to investors because it helps protect fair markets, preserves trust in management, and reduces the risk of legal penalties that can hurt a company’s value.

AI-generated analysis. Not financial advice.

Atlanta, GA., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Outdoor Holding Company (Nasdaq: POWW, POWWP) (“OHC,” “we,” “us,” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced that its Board of Directors authorized a discretionary share repurchase program pursuant to which the Company may repurchase up to $15 million of its outstanding common stock over the next twelve (12) months. “This authorization reflects the Board’s continued focus on disciplined capital allocation and long-term shareholder value. We believe this program provides us with additional flexibility to deploy capital opportunistically while maintaining a strong balance sheet and preserving our ability to fund operations, continue to invest in the business, and to pursue strategic opportunities as appropriate,” said Steve Urvan, Chairman and Chief Executive Officer of the Company.

Repurchases under the program may be made from time to time, in management’s discretion, through a variety of methods, including open market purchases, privately negotiated transactions, and other means in accordance with federal securities laws, including pursuant to one or more Rule 10b5-1 trading plans.

The timing, volume, and value of any repurchases will be determined based on factors including market conditions, the Company’s liquidity and capital needs, and other factors deemed relevant by management. The program does not obligate the Company to repurchase any particular number of shares and may be modified, suspended, or terminated at any time at the discretion of the Board of Directors or management.

Any repurchases will be funded from the Company’s existing cash balances, future operating cash flows, or other legally available funds. Repurchases will be conducted in accordance with the Company’s insider trading policy and applicable trading window restrictions.

About Outdoor Holding Company

Outdoor Holding Company is the publicly traded parent and operator of GunBroker.com, the largest online marketplace dedicated to firearms, hunting, shooting and related products. Third-party sellers list items on the site and federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed by using licensed firearms dealers as transfer agents. Launched in 1999, the GunBroker.com website is an informative, secure and safe way to buy and sell firearms, ammunition, shooting accessories and outdoor gear online. GunBroker promotes responsible ownership of firearms. For more information, visit: www.gunbroker.com.

Cautionary Statement Concerning Forward-Looking Statements

Statements contained in this press release that are not historical are considered “forward-looking statements” within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, among others, statements about the Company’s intent to repurchase shares of common stock, the Company’s business strategy, plans, objectives, expectations and intentions, and other statements that are not historical facts. Instead, they are based only on Company management’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to, the Company’s ability to maintain and expand its e-commerce business, the Company’s ability to introduce new features on its e-commerce platform that match consumer preferences, the Company’s ability to retain and grow its customer base, the impact of lawsuits, including securities class action lawsuits, stockholder derivative suits and enforcement actions by regulatory authorities, the impact of adverse economic market conditions, including from social and political factors, and the occurrence of any other event, change or other circumstances that could give rise to impacts on operating results. Therefore, investors should not rely on any of these forward-looking statements and should review the risks and uncertainties described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on June 16, 2025, and additional disclosures the Company makes in its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Forward-looking statements are made as of the date of this press release, and except as provided by law, the Company expressly disclaims any obligation or undertaking to any updated forward-looking statements.

Contacts

For investors:
Darrow Associates
Phone: (917) 886-9071
IR@outdoorholding.com

Source: Outdoor Holding Company

FAQ

What did Outdoor Holding Company (POWW) authorize on January 5, 2026?

The Board authorized a discretionary program to repurchase up to $15 million of common stock over the next 12 months.

How will POWW fund the share repurchases authorized on January 5, 2026?

Repurchases will be funded from the company's existing cash balances, future operating cash flows, or other legally available funds.

What methods can POWW use to execute the $15 million repurchase program?

Repurchases may be made via open-market purchases, privately negotiated transactions, or other means, including Rule 10b5-1 trading plans.

Does the January 5, 2026 POWW repurchase program guarantee any minimum share buybacks?

No. The program is discretionary and does not obligate the company to repurchase any particular number of shares.

Can the POWW repurchase program be changed after authorization?

Yes. The program may be modified, suspended, or terminated at any time by the Board or management.