Welcome to our dedicated page for Outdoor Holding news (Ticker: POWWP), a resource for investors and traders seeking the latest updates and insights on Outdoor Holding stock.
Outdoor Holding Company reports developments centered on GunBroker.com, its online marketplace for firearms, hunting, shooting and related products. Company news commonly covers marketplace technology, seller tools, licensed-dealer transfer workflows, regulated-commerce infrastructure, earnings updates, investor outreach and capital-allocation actions.
Updates for POWWP also include cash dividend announcements for the 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Recent corporate news reflects Outdoor Holding Company’s transition toward a marketplace-focused operating model following the completed divestiture of its ammunition manufacturing business, along with disclosures on litigation settlements and balance-sheet management.
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AMMO, Inc. (Nasdaq: POWW, POWWP) has announced the extension of its share repurchase program by up to $30 million until February 2024. Previously, approximately $29.7 million was available under the plan. The buybacks will be conducted at the company's discretion in the open market or via negotiated transactions, subject to market conditions. The program aims to enhance shareholder value and may be suspended at any time. AMMO operates GunBroker.com, the largest online marketplace for firearms, emphasizing high-performance ammunition production and responsible gun ownership.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced its participation in the 35th Annual Roth Conference from March 12-14, 2023, held at The Ritz Carlton, Laguna Niguel, California. Management will engage in a fireside chat on March 14, 2023, from 9:00 AM to 9:25 AM Pacific Time, focusing on the firearms and shooting sports sectors. One-on-one meetings with investors and analysts will also be conducted during this event. Established in 2016, AMMO designs performance ammunition for law enforcement, military, and sports shooting. For more details, visit www.ammo-inc.com.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a cash dividend of $0.546875 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid to holders of record as of February 28, 2023, with a payment date set for March 15, 2023. The company operates GunBroker.com, the largest online marketplace for firearms, and is recognized as a leading producer of high-performance ammunition. AMMO aims to innovate within the munitions industry, offering patented products for various applications, including law enforcement and self-defense.
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.