Welcome to our dedicated page for Outdoor Holding Company news (Ticker: POWW), a resource for investors and traders seeking the latest updates and insights on Outdoor Holding Company stock.
Outdoor Holding Company (NASDAQ: POWW, POWWP) is the publicly traded parent and operator of GunBroker.com, which it describes as the largest online marketplace dedicated to firearms, hunting, shooting and related products. News about Outdoor Holding Company frequently centers on the performance and evolution of this pure-play e-commerce marketplace, as well as on corporate governance, capital allocation and regulatory developments.
Investors following POWW news can expect regular earnings announcements and related conference call details, where management discusses financial results, operational highlights and progress on its marketplace-focused strategy. Recent releases have covered quarterly results, the company’s transition to an asset-light, marketplace-only model after the sale of its ammunition manufacturing business, and updates on cost discipline, platform enhancements and marketplace metrics.
Company news also includes disclosures about share repurchase authorizations, preferred stock dividends on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, and matters related to Nasdaq listing compliance. Governance and regulatory items, such as the settlement of an SEC investigation and the engagement of an outside compliance consultant, are communicated through press releases and associated SEC filings and can be tracked through this news feed.
Operational and legal developments affecting GunBroker.com are another key focus of Outdoor Holding Company news. The company has reported on court decisions confirming GunBroker.com’s status as an online marketplace and validating its intellectual property protection policies, as well as on corporate actions like relocating its headquarters to Atlanta, Georgia to align with its primary operating site. For investors, analysts and observers interested in the firearms and outdoor e-commerce space, the POWW news page provides a centralized view of these financial, legal and operational updates.
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.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant growth for Q2 2021, with interest income soaring by 144% to $675,549 compared to Q2 2020. Earnings from operations surged 515% to $425,393. Shareholder equity increased by 22% to $14.2M since December 2020. The company expanded its loan portfolio from $2.8M to $10.9M within six months. CEO Douglas M. Polinsky highlighted the opportunity for growth through financing buyers on gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). The company is also pursuing other financing avenues.
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.
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