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.
AMMO Inc (POWWP) maintains this comprehensive news hub for investors and industry observers tracking developments in precision ammunition manufacturing and specialized firearms commerce. Our curated collection features official press releases, regulatory filings, and verified updates spanning both core business segments.
This resource serves as a centralized repository for monitoring POWWP's operational milestones, including product innovations at its manufacturing facilities and platform enhancements to GunBroker.com. Users will find timely updates on earnings reports, strategic partnerships, quality certifications, and marketplace performance metrics.
The news archive organizes content by key operational categories: ammunition production developments, e-commerce platform updates, leadership announcements, and industry compliance matters. Each entry maintains strict editorial standards to ensure accuracy and relevance for financial analysis.
Bookmark this page for streamlined access to POWWP's latest corporate communications. Regular visitors gain strategic insights into how the company balances traditional manufacturing excellence with digital marketplace innovation in the firearms sector.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported a 40% decrease in net revenues for Q3 fiscal 2023, totaling $38.7 million, compared to $64.7 million in Q3 fiscal 2022. The net loss was ($4.1 million), in stark contrast to a net income of $9.1 million last year. Additionally, Adjusted EBITDA has dropped to $4.8 million from $10.7 million. Despite these challenges attributed to inflation and a declining ammunition market, the company noted a growing user base on GunBroker.com and a 5.7% average take rate. Management has adjusted guidance for fiscal 2023 to $185 million in revenues and $22 million in Adjusted EBITDA.
AMMO, Inc. (Nasdaq: POWW, POWWP) will announce its financial results for Q3 fiscal 2023 on February 14, 2023, after market close. The company, known for GunBroker.com, the largest online firearms marketplace, will hold a conference call at 5:00 p.m. EST on the same day. Investors can join the call via local and international dial-in numbers or through a webcast.
Founded in 2016, AMMO aims to innovate the munitions industry by providing high-performance ammunition and components for various uses, including law enforcement and military. More details are available at ammo-inc.com.
AMMO, Inc. (Nasdaq: POWW, POWWP) has appointed Randy Luth, a veteran in the firearms industry, to its Board of Directors. Luth, who previously served on the board from 2017 to 2021, brings nearly 40 years of experience, including founding LUTH-AR, LLC in 2013. He is recognized for his innovation in the AR-15 market. Luth expressed excitement to rejoin AMMO, noting the company's impressive growth. Chairman and CEO Fred Wagenhals praised Luth’s ability to drive innovation in the industry. AMMO, Inc. produces high-performance ammunition and components, aiming to revolutionize the munitions industry.
AMMO, Inc. (NASDAQ: POWW, POWWP) will participate in the 2023 SHOT Show from January 17-20 in Las Vegas, NV. This event offers opportunities for networking with industry professionals and potential customers. CEO Fred Wagenhals emphasized the importance of the show for developing new relationships and discussing the company's initiatives, including the recent opening of their Wisconsin plant for expanded ammunition production. Attendees can visit AMMO at booth #10351 to learn more about their products and strategies.
AMMO, Inc. (NASDAQ: POWW, POWWP) will attend the 2023 SHOT Show from January 17-23 in Las Vegas, NV. This event is a significant trade show for the firearms and shooting sports industries, drawing professionals from across the globe. CEO Fred Wagenhals highlighted that this opportunity will enhance sales and marketing efforts, fostering commercial relationships. The company aims to showcase its GunBroker.com Marketplace initiatives and increased ammunition manufacturing capacity, especially with the new Wisconsin plant.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced the appointment of Jared Smith as the new Chief Operating Officer & President, effective January 3, 2023. Smith brings extensive experience, having served as General Manager at Fiocchi of America, where he achieved revenue growth from $95 million to over $200 million during his tenure. CEO Fred Wagenhals expressed enthusiasm for Smith's addition, highlighting the strategic growth opportunities in both ammunition production and the GunBroker.com Marketplace.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a cash dividend of $0.5529514 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Record holders as of November 30, 2022, will receive the dividend on December 15, 2022. This payment showcases the company's commitment to returning value to shareholders, reflecting its operational stability in the firearms and ammunition market.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported a 21% decline in net revenues for Q2 FY2023, totaling $48.3 million, compared to $61 million in the previous year. The company recorded a net loss of ($0.8) million and diluted EPS of ($0.01), down from $0.11. Adjusted EBITDA fell to $8.2 million from $24.0 million. The company's new manufacturing facility is now operational, aiming to increase production capacity significantly. Despite a decrease in marketplace revenue of 13%, AMMO plans cost-cutting measures and projects stabilization in commodity pricing, revising guidance for FY2023 revenues to $220-$240 million.
AMMO, Inc. (NASDAQ: POWW, POWWP) has appointed Christos Tsentas and Wayne Walker to its Board of Directors as part of a settlement with the Urvan Group. This agreement leads to the withdrawal of the Urvan Group's slate of nominees and aims to enhance shareholder value. The company will also suspend the separation of its ammunition and marketplace businesses due to market conditions and feedback from shareholders. A CEO succession committee will be formed to plan for future leadership. The company ended its internal investigation involving board members.
AMMO, Inc. (Nasdaq: POWW, POWWP) is the title sponsor of the U.S. Concealed Carry Association’s annual Expo from Nov. 11-13 in Fort Worth, TX, expecting 15,000 attendees. The event features self-defense seminars and product exhibitions, underscoring AMMO's commitment to the firearms industry. Attendees can visit AMMO at booth #919 for new and returning training sessions. Founded in 2016, AMMO designs high-performance ammunition and promotes responsible gun ownership through its marketplace, GunBroker.com.
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