Welcome to our dedicated page for Outdoor Holding Company news (Ticker: POWWP), a resource for investors and traders seeking the latest updates and insights on Outdoor Holding Company stock.
Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (NASDAQ: POWWP) is a preferred equity security issued by Outdoor Holding Company, the parent and operator of GunBroker.com. This news page aggregates company announcements, earnings releases, regulatory updates and other material events that can affect perceptions of the issuer behind POWWP.
Outdoor Holding Company describes itself as the publicly traded parent of GunBroker.com, which it calls the largest online marketplace dedicated to firearms, hunting, shooting and related products. Recent news has highlighted the company’s transition into a pure-play e-commerce marketplace operator following the sale of its ammunition manufacturing business, as well as corporate restructuring and operational streamlining efforts tied to that shift.
Investors following POWWP can use this news feed to review earnings reports, conference call announcements, preferred stock dividend declarations, share repurchase authorizations, and disclosures about compliance with Nasdaq listing rules. The company’s communications also cover governance developments, such as board changes, auditor transitions and proxy proposals, along with legal and regulatory matters, including the settlement of an SEC investigation and court decisions relating to GunBroker.com’s status as an online marketplace.
Because POWWP represents a preferred interest in Outdoor Holding Company, developments affecting the company’s financial condition, governance, internal controls and marketplace operations are relevant to understanding the context in which the preferred stock exists. This page provides a centralized view of such developments by organizing news releases and related information about Outdoor Holding Company and its GunBroker.com platform.
AMMO, Inc. (Nasdaq: POWW & POWWP) will announce its fiscal Q2 2022 financial results on November 15, 2021, after market close. The company, a key player in high-performance ammunition production and operator of GunBroker.com, will host a conference call for investors at 5:00 p.m. EDT on the same day. Interested participants can join by phone or via a webcast. AMMO aims to innovate within the munitions industry, producing various ammunition types, including patented STREAK™ Visual Ammunition. Investors are encouraged to join the call early and follow the operator's instructions.
AMMO, Inc. (Nasdaq: POWW, POWWP) has raised its Q2 revenue estimate from $51 million to approximately $55 million for the period ending September 30, 2021. This positive adjustment reflects strong transaction activity at its online marketplace, GunBroker.com, which shows robust growth compared to last year. The company's ammunition business is thriving due to high demand and increased manufacturing capacity, including a 15% rise in brass production. AMMO is on track to operationalize a new plant by Summer 2022, enhancing its production capabilities further.
AMMO, Inc. (NASDAQ: POWW & POWWP) announced a new contract with the Irregular Warfare Technical Support Directorate (IWTSD) to design and manufacture signature-on-target rounds (SoT) for U.S. military operations. The SoT ammunition enhances targeting capabilities by allowing visibility of impacted rounds without revealing the shooter's position, increasing survivability and lethality for operators. This contract highlights AMMO’s commitment to supporting critical military needs and advancing its development efforts within the defense sector.
AMMO, Inc. (Nasdaq: POWW, POWWP) announces a quarterly cash dividend of $0.241246528 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on September 15, 2021. Record date for eligibility is August 31, 2021. Founded in 2016, AMMO is a producer of high-performance ammunition and operates GunBroker.com, the largest online marketplace for firearms and related products. The company aims to innovate the munitions industry and promotes various specialized ammunition products.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported record net revenues of $44.5 million for its first fiscal quarter of 2022, a 360% increase year-over-year, driven by strong ammunition sales and the acquisition of GunBroker.com. The company achieved a diluted EPS of $0.08, reversing a loss from the prior year, while adjusted EPS rose to $0.13. With a gross profit margin of 42.7%, net income reached $9.5 million. The company raised its fiscal 2022 revenue outlook to $210 million
and adjusted EBITDA guidance to $70 million.
AMMO, Inc. (Nasdaq: POWW, POWWP) has announced it will release its financial results for the fiscal first quarter of 2022, which ended June 30, 2021, on August 16, 2021, following the market's close. A conference call for investors is scheduled at 5:00 p.m. EDT on the same day. The company is known for its innovative solutions in ammunition manufacturing, focusing on law enforcement, military, and sport shooting sectors.
AMMO, Inc. (Nasdaq: POWW & POWWP) announced an anticipated revenue of at least $51 million for Q2 fiscal 2021, marking a remarkable year-over-year increase of over 400%. This growth is attributed to robust demand across its product range and successful integration of GunBroker.com, a recently acquired online marketplace. CEO Fred Wagenhals expressed confidence in the company's growth strategy and operational momentum.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced expected quarterly revenue of $44 million for Q1 FY2022, marking the company’s first profitable quarter. This reflects a remarkable 354% year-over-year increase. The revenue report is anticipated by August 16, 2021. CEO Fred Wagenhals highlighted the achievements of the operational teams across various states and the integration of GunBroker.com into their business model, aiming to meet growing consumer demand.
AMMO, Inc. (Nasdaq: POWW) announced its plans for a transformative Fiscal 2022, projecting significant increases in revenue and earnings per share. Following its acquisition of GunBroker, the leading online marketplace, AMMO aims to enhance customer experience by introducing additional product offerings. In the earnings call, management emphasized a record-setting gross merchandising volume (GMV) and operational leverage critical for future growth. They project a revenue guidance of $190 million, leveraging innovations in military and consumer ammunition.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported impressive fiscal fourth quarter and annual results for 2021, highlighting a 409% increase in quarterly sales to $24.2 million and a 300% rise in annual sales to $62.5 million. With a gross profit margin of 23%, operating expenses decreased significantly. Adjusted EBITDA grew 296% in Q4 to $4.8 million and 213% annually to $8.1 million. The firm expects strong demand to continue in 2022, guided by $41 million in revenue for Q1, due in part to the new Gunbroker.com acquisition.