American Outdoor Brands Q1 sales rise 25%
AOUT grew quarterly sales 25%, significantly improved profitability, generated cash, and raised full-year Adjusted EBITDA guidance while maintaining its revenue outlook.
Rhea-AI Filing Summary
American Outdoor Brands, Inc. (AOUT) reported strong first quarter fiscal 2027 results for the period ended July 31, 2026, with net sales of $37.3 million, up 25.4% from $29.7 million a year earlier. Adjusting for approximately $6.0 million of orders that retailers had accelerated into the prior year, net sales still rose about 4.3%.
Gross margin improved to 53.0% from 46.7%, while the GAAP net loss narrowed to $1.5 million, or $(0.12) per diluted share, from a loss of $6.8 million, or $(0.54) per share. Non-GAAP net income was $415,000, or $0.03 per diluted share, versus a non-GAAP net loss of $3.3 million previously. Non-GAAP Adjusted EBITDA turned positive at $1.2 million (3.1% of net sales) compared with $(3.1) million (‑10.5% of net sales) a year ago. The company ended the quarter with $33.3 million in cash and no debt, and affirmed fiscal 2027 net sales guidance of $200–$210 million while raising Adjusted EBITDA guidance to $14.5–$17.5 million.
Positive
- Net sales grew 25.4% year-over-year to $37.3 million, even after prior-year timing shifts, with adjusted growth of 4.3%.
- Gross margin expanded 630 bps to 53.0%, indicating improved pricing, mix, or cost performance.
- GAAP net loss shrank from $6.8 million to $1.5 million, and non-GAAP results moved to a $415,000 profit.
- Adjusted EBITDA turned positive to $1.2 million from a $3.1 million loss in the prior-year quarter.
- The company ended the quarter with $33.3 million in cash and no debt, providing financial flexibility.
- Fiscal 2027 outlook keeps net sales guidance at $200–$210 million and raises Adjusted EBITDA guidance to $14.5–$17.5 million.
Negative
- Despite improvements, the company still reported a GAAP net loss of $1.5 million for the quarter.
Filing Explained
The filing adds an unexplained increase in reported common shares and documents positive operating cash flow during the completed quarter.
The company’s September 3, 2026 Form 8-K records completed results for the three months ended
The higher reported share count changes the ownership base for existing holders, although the filing does not state the associated security terms or explain the count change.
The completed quarter produced net cash provided by operating activities of
Those figures add positive operating-cash-flow evidence while showing more capital held in inventory at the quarter-end balance-sheet date.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Net sales: $37.3 million
Gross margin: 53.0%
GAAP net loss: $1.5 million
+5 more
8 metrics
Net sales
$37.3 million
For the three months ended July 31, 2026; up 25.4% from $29.7 million in 2025
Gross margin
53.0%
For the three months ended July 31, 2026; up from 46.7% a year earlier
GAAP net loss
$1.5 million
Quarter ended July 31, 2026; improved from $6.8 million loss in prior-year quarter
Non-GAAP net income
$415,000
Quarter ended July 31, 2026; versus non-GAAP net loss of $3.3 million a year earlier
Non-GAAP Adjusted EBITDA
$1.2 million
Quarter ended July 31, 2026; 3.1% of net sales vs $(3.1) million, (10.5)% in 2025
Cash and cash equivalents
$33.3 million
As of July 31, 2026; company reported no debt outstanding
Fiscal 2027 net sales guidance
$200–$210 million
Full-year outlook maintained based on management expectations
Fiscal 2027 Adjusted EBITDA guidance
$14.5–$17.5 million
Full-year outlook increased following Q1 fiscal 2027 performance
Key Terms
Adjusted EBITDA, non-GAAP net income, point-of-sale (POS), treasury stock, +2 more
6 terms
Adjusted EBITDA financial
"Quarterly non-GAAP Adjusted EBITDA was $1.2 million, or 3.1% of net sales"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP net income financial
"Quarterly non-GAAP net income was $415,000, or $0.03 per diluted share"
Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.
point-of-sale (POS) market
"Point-of-sale (POS) results also remained positive in both categories"
The point-of-sale (POS) is the place and system where a customer completes a purchase — think of a store’s checkout counter, a restaurant’s payment tablet, or the online checkout page. It includes the hardware and software that accept payments, record sales and update inventory, so it’s where revenue is captured and customer behavior is tracked; investors watch POS performance because it directly affects a company’s sales, cash flow and growth signals.
treasury stock financial
"Treasury stock, at cost (2,829,144 shares on July 31, 2026 and April 30, 2026)"
Treasury stock is shares that a company has bought back from the public and kept in its own control rather than retiring them. Think of it like a company holding its own tickets in a drawer: those shares no longer vote or receive dividends while held, but the company can reissue or retire them later; this reduces the number of shares available to outside investors and can boost per‑share earnings and influence ownership and stock price.
contract exit costs financial
"Contract exit costs 58 ... Non-GAAP Adjusted EBITDA"
safe harbor regulatory
"Certain statements contained in this press release may be deemed to be forward-looking under the safe harbor"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
Earnings Snapshot
Net sales: $37.3 million · Guidance included
Quarter ended July 31, 2026 (first quarter fiscal 2027)
Net sales
$37.3 million
Up 25.4% from $29.7 million in the prior-year quarter
Gross margin
53.0%
Up from 46.7% in the prior-year quarter
GAAP net loss
$1.5 million
Improved from a $6.8 million loss in the prior-year quarter
Non-GAAP net income
$415,000
Versus a non-GAAP net loss of $3.3 million in the prior-year quarter
Non-GAAP Adjusted EBITDA
$1.2 million (3.1% margin)
Improved from $(3.1) million (‑10.5% margin) in the prior-year quarter
Guidance
For fiscal 2027, the company expects net sales of $200–$210 million and increased its Adjusted EBITDA guidance to $14.5–$17.5 million.
FAQ
How did American Outdoor Brands (AOUT) perform in Q1 fiscal 2027?
AOUT reported net sales of $37.3 million, up 25.4% year-over-year, with gross margin of 53.0%. GAAP net loss improved to $1.5 million, and non-GAAP net income was $415,000, reflecting significantly better profitability than the prior-year quarter.
What were AOUT’s Q1 fiscal 2027 profitability metrics, including Adjusted EBITDA?
For Q1 fiscal 2027, AOUT’s GAAP net loss was $1.5 million. Non-GAAP net income was $415,000, or $0.03 per diluted share. Non-GAAP Adjusted EBITDA was $1.2 million, or 3.1% of net sales, versus a loss of $3.1 million a year earlier.
What guidance did American Outdoor Brands (AOUT) provide for fiscal 2027?
AOUT maintained its net sales guidance of $200–$210 million for fiscal 2027 and increased its Adjusted EBITDA guidance to a range of $14.5–$17.5 million, citing confidence following first quarter performance.
What is AOUT’s cash and debt position after Q1 fiscal 2027?
At July 31, 2026, AOUT reported cash and cash equivalents of $33.3 million and no debt. Net cash provided by operating activities was $13.0 million for the quarter, reflecting improved operating performance and working capital movements.
How did AOUT’s margins change year-over-year in Q1 fiscal 2027?
AOUT’s gross margin increased to 53.0% from 46.7% in the prior-year quarter. Adjusted EBITDA margin improved to 3.1% of net sales from (10.5)%, driven by higher sales and more profitable product mix.
What were AOUT’s GAAP versus non-GAAP results in Q1 fiscal 2027?
On a GAAP basis, AOUT had a net loss of $1.5 million, or $(0.12) per diluted share. On a non-GAAP basis, excluding items like acquired intangible amortization and stock compensation, it reported net income of $415,000, or $0.03 per diluted share.
How did AOUT’s working capital items move in Q1 fiscal 2027?
In Q1 fiscal 2027, inventories increased by $8.4 million, while accounts receivable decreased by $3.7 million. Other current assets decreased by $12.6 million, and accounts payable increased by $1.8 million, contributing to $13.0 million of operating cash flow.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________________________________
FORM 8-K
________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 3, 2026
________________________________________________________
(Exact name of Registrant as Specified in Its Charter)
________________________________________________________
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||
Registrant’s Telephone Number, Including Area Code: (800 ) 338-9585
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On September 3, 2026, American Outdoor Brands, Inc. issued a press release reporting its financial results for the three months ended July 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit Number | Description | |||||||
| 99.1 | Press release from the Registrant, dated September 3, 2026, reporting American Outdoor Brand, Inc.’s financial results for the three months ended July 31, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| AMERICAN OUTDOOR BRANDS, INC. | |||||||||||
| Date: | September 3, 2026 | By: | /s/ H. Andrew Fulmer | ||||||||
H. Andrew Fulmer Executive Vice President, Chief Financial Officer, Treasurer, and Secretary | |||||||||||
 | Exhibit 99.1 | ||||
1800 N Route Z | |||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
Contact:
Liz Sharp, VP, Investor Relations
lsharp@aob.com
(573) 303-4620
American Outdoor Brands, Inc. Reports
First Quarter Fiscal 2027 Financial Results
COLUMBIA, Mo., September 3, 2026 – American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an innovation company that provides product solutions for outdoor enthusiasts, today announced financial results for the first quarter fiscal 2027 ended July 31, 2026.
First Quarter Fiscal 2027 Financial Highlights
•Quarterly net sales were $37.3 million, an increase of $7.6 million, or 25.4%, compared with quarterly net sales of $29.7 million for the comparable quarter last year. Adjusted for approximately $6.0 million of orders that were accelerated by retailers from the first quarter of fiscal 2026 into the fourth quarter of fiscal 2025, net sales in the first quarter of fiscal 2027 increased by 4.3%.
•Quarterly gross margin was 53.0%, compared with quarterly gross margin of 46.7% for the comparable quarter last year.
•Quarterly GAAP net loss was $1.5 million, or $(0.12) per diluted share, compared with a GAAP net loss of $6.8 million, or $(0.54) per diluted share for the comparable quarter last year.
•Quarterly non-GAAP net income was $415,000, or $0.03 per diluted share, compared with non-GAAP net loss of $3.3 million, or $(0.26) per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for net income (loss) exclude acquired intangible amortization, stock compensation, and other costs. For a detailed reconciliation, see the schedules that follow in this release.
•Quarterly non-GAAP Adjusted EBITDA was $1.2 million, or 3.1% of net sales, compared with $(3.1) million, or (10.5)% of net sales for the comparable quarter last year. For a detailed reconciliation, see the schedules that follow in this release.
Brian Murphy, President and Chief Executive Officer, said, “We are very pleased with our strong start to fiscal 2027. First quarter net sales increased approximately 25%. As a reminder, the prior-year quarter was impacted by approximately $6 million of orders that retailers accelerated into fiscal 2025. Even after adjusting for that acceleration, first quarter net sales increased approximately 4% – a great result that exceeded our expectations and reflects the continued strength of our brands.
“Importantly, that performance was broad-based, reflecting growth in both our Outdoor Lifestyle and Shooting Sports categories, and supported by increased sales with our largest retail partners. Point-of-sale (POS) results also remained positive in both categories during the quarter, which we believe demonstrates healthy consumer demand across multiple brands in our portfolio. POS increased 6% in Outdoor Lifestyle and 3% in Shooting Sports.
“Innovation remained a key driver of our first quarter performance, with new products representing more than 36% of our net sales. Our Caldwell ClayCopter® platform continued to outperform during the quarter, generating strong retailer and consumer adoption, positive POS results, and significant engagement across social media. That success was further validated by the ClayCopter Surface-to-AirTM being named the 2026 Frank Desomma Innovation of the Year by the Industry Choice Awards in August. This recognition means a
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
great deal to our team because the award is an unbiased evaluation of all products in the shooting sports industry – and Caldwell® came out on top.
“We continued to expand our BUBBA® brand with new product introductions, including the launch of our Pro Series Gen 2 Electric Fillet Knife, which was recognized as Best of Show for the category of Cutlery, Hand Pliers, or Tools at ICAST 2026. A major milestone in the quarter was the consumer launch of SCORETRACKER® LIVE, our digital platform developed with Major League Fishing, that brings real-time scoring technology and the excitement of professional-grade competition to anglers, tournament organizers and fans everywhere. The launch expands BUBBA’s opportunity within the large angling market while adding another important component to its growing ecosystem of connected hardware, software and subscription-based services.
“More broadly, BUBBA® and Caldwell® demonstrate our strategy to build connected ecosystems around key growth brands that deepen consumer engagement and loyalty, extend the value of our innovation beyond individual products, and create multiple avenues for long-term growth. We believe this approach has the potential to extend to other brands in our portfolio over time.”
Andrew Fulmer, Chief Financial Officer, said, “Sales growth in the quarter translated to solid financial performance. Strength in new products helped accelerate margin expansion with gross margins increasing 630 basis points to 53.0% and Adjusted EBITDA improving more than $4.0 million. We also generated meaningful cash flow and ended the quarter with $33.3 million in cash and no debt, further strengthening our financial position.”
Fiscal 2027 Outlook
“Our first quarter performance reinforces our confidence in our expectations for the year. We are maintaining our full-year guidance for net sales of $200 million to $210 million, and we are increasing our Adjusted EBITDA guidance to $14.5 million to $17.5 million. As we enter our seasonally stronger second and third quarters, we remain focused on delivering profitable growth while maintaining the financial flexibility to invest in our business and pursue opportunities that create long-term shareholder value.”
The Company does not provide a quantitative reconciliation of non-GAAP Adjusted EBITDA guidance in reliance on the “unreasonable efforts” exception for forward-looking non-GAAP measures set forth in SEC rules because certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated without unreasonable effort and expense.
Conference Call and Webcast
The Company will host a conference call and webcast today, Thursday, September 3, 2026, to discuss its first quarter fiscal 2027 financial and operational results. Speakers on the conference call will include Brian Murphy, President and Chief Executive Officer, and Andrew Fulmer, Chief Financial Officer. The conference call may include forward-looking statements and a discussion of non-GAAP financial measures. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Those interested in listening to the conference call via telephone may call directly at (833) 630-1956 and ask to join the American Outdoor Brands call. No RSVP is necessary. The conference call audio webcast can also be accessed live on the Company's website at www.aob.com, under the Investor Relations section.
Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
In this press release, certain non-GAAP financial measures, including “non-GAAP net income (loss),” “Adjusted EBITDA,” and net sales adjusted for $6.0 million of orders that were accelerated by retailers from fiscal 2026 into the final weeks of fiscal 2025 are presented. A reconciliation of “non-GAAP net income (loss),” “Adjusted EBITDA,” and other non-GAAP financial measures is contained at the end of this press release. From time to time, the Company considers and uses these non-GAAP financial measures as supplemental measures of
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
operating performance in order to provide the reader with an improved understanding of underlying performance trends. The Company believes it is useful for itself and the reader to review, as applicable, both (1) GAAP measures that include (i) amortization of acquired intangible assets, (ii) stock compensation, (iii) contract exit costs, (iv) income tax adjustments, (v) interest income, (vi) income tax expense, and (vii) depreciation and amortization; and (2) the non-GAAP measures that exclude such information. The Company presents these non-GAAP measures because it considers them an important supplemental measure of its performance and believes the disclosure of such measures provides useful information to investors regarding the Company’s financial condition and results of operations. The Company’s definition of these adjusted financial measures may differ from similarly named measures used by others. The Company believes these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the Company's GAAP measures. The principal limitations of these measures are that they do not reflect the Company's actual expenses and may thus have the effect of inflating its financial measures on a GAAP basis.
About American Outdoor Brands, Inc.
American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT) is an innovation company that provides product solutions for outdoor enthusiasts, including hunting, fishing, camping, shooting, meat processing, outdoor cooking, and personal security and personal defense products. The Company produces innovative, high-quality products under brands including BOG®; BUBBA®; Caldwell®; Crimson Trace®; Frankford Arsenal®; Grilla®; Hooyman®; Imperial®; LaserLyte®; Lockdown®; MEAT! Your Maker®; Old Timer®; Schrade®; Tipton®; Uncle Henry®; and Wheeler®. For more information about all the brands and products from American Outdoor Brands, Inc., visit www.aob.com.
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. All statements other than statements of historical facts contained or incorporated herein by reference in this press release, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, markets, and plans and objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “targets,” “contemplates,” “projects,” “predicts,” “may,” “might,” “plan,” “would,” “should,” “could,” “may,” “can,” “potential,” “continue,” “objective,” or the negative of those terms, or similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. Specific forward-looking statements in this press release include our beliefs that our strategy to build connected ecosystems around key growth brands deepens consumer engagement and loyalty, extends the value of our innovation beyond individual products, and creates multiple avenues for long-term growth, and that approach has the potential to extend to other brands in our portfolio over time; and our estimates and predictions under “Fiscal 2027 Outlook.” We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, potential disruptions in our ability to source the materials necessary for the production of our products, disruptions and delays in the manufacture of our products, and difficulties encountered by retailers and other components of the distribution channel for our products; economic, social, political, legislative, and regulatory factors, such as the impact from changing economic policies, tariffs and supply chain constraints; the potential for product recalls, product liability, and other claims or lawsuits against us; inventory levels, both internally and in the distribution channel, in excess of demand; natural disasters, pandemics, seasonality, news events, political events, and consumer tastes;
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
future investments for capital expenditures; our ability to introduce new products that are successful in the marketplace; interruptions of our arrangements with third-party contract manufacturers and freight carriers that disrupt our ability to fill our customers’ orders; the features, quality, and performance of our products; the success of our strategies and marketing programs; lower levels of consumer spending in general and specific to our products or product categories; liquidity and anticipated cash needs and availability; increases in costs or decreases in availability of finished products, components, and raw materials; the uncertainty around tariff policies and potential recovery of tariffs paid that have been determined to be unlawful, and the potential for increased tariffs on our products, including additional tariffs that may be imposed by the current presidential administration; our ability to maintain or strengthen our brand recognition and reputation; risks associated with the distribution of our products and overall availability of labor; and other factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2026.
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value and share data)
| As of: | |||||||||||
| July 31, 2026 (Unaudited) | April 30, 2026 | ||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 33,275 | $ | 21,436 | |||||||
| Accounts receivable, net of allowance for credit losses of $396 on July 31, 2026 and $419 on April 30, 2026 | 25,498 | 29,233 | |||||||||
| Inventories | 100,313 | 91,889 | |||||||||
| Assets held for sale | 633 | 734 | |||||||||
| Prepaid expenses | 2,671 | 2,268 | |||||||||
| Other current assets | 4,389 | 16,978 | |||||||||
| Income tax receivable | 73 | 156 | |||||||||
| Total current assets | 166,852 | 162,694 | |||||||||
| Property, plant, and equipment, net | 8,815 | 9,327 | |||||||||
| Intangible assets, net | 22,340 | 23,527 | |||||||||
| Right-of-use assets | 30,270 | 30,710 | |||||||||
| Other assets | 341 | 362 | |||||||||
| Total assets | $ | 228,618 | $ | 226,620 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 15,288 | $ | 13,432 | |||||||
| Accrued expenses | 15,444 | 13,212 | |||||||||
| Accrued payroll and incentives | 1,485 | 1,700 | |||||||||
| Lease liabilities, current | 1,602 | 1,569 | |||||||||
| Total current liabilities | 33,819 | 29,913 | |||||||||
| Lease liabilities, net of current portion | 30,403 | 30,814 | |||||||||
| Total liabilities | 64,222 | 60,727 | |||||||||
| Commitments and contingencies | |||||||||||
| Equity: | |||||||||||
| Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding on July 31, 2026 and April 30, 2026 | — | — | |||||||||
| Common stock, $0.001 par value, 100,000,000 shares authorized, 15,444,198 shares issued and 12,615,054 shares outstanding on July 31, 2026 and 15,288,148 shares issued and 12,459,004 shares outstanding on April 30, 2026 | 15 | 15 | |||||||||
| Additional paid in capital | 283,358 | 283,327 | |||||||||
| Retained deficit | (85,436) | (83,908) | |||||||||
| Treasury stock, at cost (2,829,144 shares on July 31, 2026 and April 30, 2026) | (33,541) | (33,541) | |||||||||
| Total equity | 164,396 | 165,893 | |||||||||
| Total liabilities and equity | $ | 228,618 | $ | 226,620 | |||||||
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| For the Three Months Ended July 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| (Unaudited) | |||||||||||
| Net sales | $ | 37,254 | $ | 29,702 | |||||||
| Cost of sales | 17,519 | 15,844 | |||||||||
| Gross profit | 19,735 | 13,858 | |||||||||
| Operating expenses: | |||||||||||
| Research and development | 1,552 | 1,955 | |||||||||
| Selling, marketing, and distribution | 12,278 | 10,520 | |||||||||
| General and administrative | 8,021 | 8,202 | |||||||||
| Total operating expenses | 21,851 | 20,677 | |||||||||
| Operating loss | (2,116) | (6,819) | |||||||||
| Other income, net: | |||||||||||
| Other income, net | 13 | 35 | |||||||||
| Interest income, net | 576 | 7 | |||||||||
| Total other income, net | 589 | 42 | |||||||||
| Loss from operations before income taxes | (1,527) | (6,777) | |||||||||
| Income tax expense | 1 | 52 | |||||||||
| Net loss | $ | (1,528) | $ | (6,829) | |||||||
| Net loss per share: | |||||||||||
| Basic and diluted | $ | (0.12) | $ | (0.54) | |||||||
| Weighted average number of common shares outstanding: | |||||||||||
| Basic and diluted | 12,550 | 12,719 | |||||||||
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| For the Three Months Ended July 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| (Unaudited) | |||||||||||
| Cash flows from operating activities: | |||||||||||
| Net loss | $ | (1,528) | $ | (6,829) | |||||||
| Adjustments to reconcile net loss to net cash provided by/(used in) operating activities: | |||||||||||
| Depreciation and amortization | 2,382 | 3,042 | |||||||||
| Provision for credit losses on accounts receivable | 23 | (329) | |||||||||
| Stock-based compensation expense | 737 | 651 | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Accounts receivable | 3,712 | 17,912 | |||||||||
| Inventories | (8,424) | (21,070) | |||||||||
| Other current assets | 12,589 | 226 | |||||||||
| Accounts payable | 1,771 | 7,234 | |||||||||
| Accrued liabilities | 1,931 | (2,026) | |||||||||
| Other | (154) | (499) | |||||||||
| Net cash provided by/(used in) operating activities | 13,039 | (1,688) | |||||||||
| Cash flows from investing activities: | |||||||||||
| Payments to acquire patents and software | (369) | (70) | |||||||||
| Payments to acquire property and equipment | (125) | (300) | |||||||||
| Net cash used in investing activities | (494) | (370) | |||||||||
| Cash flows from financing activities: | |||||||||||
| Payments to acquire treasury stock | — | (2,524) | |||||||||
| Payment of employee withholding tax related to restricted stock units | (706) | (1,070) | |||||||||
| Net cash used in financing activities | (706) | (3,594) | |||||||||
| Net increase/(decrease) in cash and cash equivalents | 11,839 | (5,652) | |||||||||
| Cash and cash equivalents, beginning of period | 21,436 | 23,423 | |||||||||
| Cash and cash equivalents, end of period | $ | 33,275 | $ | 17,771 | |||||||
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)
| For the Three Months Ended July 31, | ||||||||||||||
| 2026 | 2025 | |||||||||||||
| (Unaudited) | ||||||||||||||
| GAAP and Non-GAAP gross profit | $ | 19,735 | $ | 13,858 | ||||||||||
| GAAP operating expenses | $ | 21,851 | $ | 20,677 | ||||||||||
| Amortization of acquired intangible assets | (1,168) | (1,834) | ||||||||||||
| Stock compensation | (737) | (651) | ||||||||||||
| Other | (161) | — | ||||||||||||
| Non-GAAP operating expenses | $ | 19,785 | $ | 18,192 | ||||||||||
| GAAP operating loss | $ | (2,116) | $ | (6,819) | ||||||||||
| Amortization of acquired intangible assets | 1,168 | 1,834 | ||||||||||||
| Stock compensation | 737 | 651 | ||||||||||||
| Other | 161 | — | ||||||||||||
| Non-GAAP operating loss | $ | (50) | $ | (4,334) | ||||||||||
| GAAP net loss | $ | (1,528) | $ | (6,829) | ||||||||||
| Amortization of acquired intangible assets | 1,168 | 1,834 | ||||||||||||
| Stock compensation | 737 | 651 | ||||||||||||
| Other | 161 | — | ||||||||||||
| Income tax adjustments | (123) | 1,039 | ||||||||||||
| Non-GAAP net income/(loss) | $ | 415 | $ | (3,305) | ||||||||||
| GAAP net loss per share - diluted | $ | (0.12) | $ | (0.54) | ||||||||||
| Amortization of acquired intangible assets | 0.09 | 0.14 | ||||||||||||
| Stock compensation | 0.06 | 0.05 | ||||||||||||
| Other | 0.01 | — | ||||||||||||
| Income tax adjustments | (0.01) | 0.08 | ||||||||||||
| Non-GAAP net income/(loss) per share - diluted | $ | 0.03 | $ | (0.26) | (a) | |||||||||
(a)Non-GAAP net income/(loss) per share does not foot due to rounding.
| 1800 N Route Z | ||||
Columbia, MO 65202 | |||||
(800) 338-9585 | |||||
NASDAQ: AOUT | |||||
AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA
(In thousands)
| For the Three Months Ended July 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| (Unaudited) | |||||||||||
| GAAP net loss | $ | (1,528) | $ | (6,829) | |||||||
| Interest income | (576) | (7) | |||||||||
| Income tax expense | 1 | 52 | |||||||||
| Depreciation and amortization | 2,364 | 3,017 | |||||||||
| Stock compensation | 737 | 651 | |||||||||
| Contract exit costs | 58 | — | |||||||||
| Other | 103 | — | |||||||||
| Non-GAAP Adjusted EBITDA | $ | 1,159 | $ | (3,116) | |||||||