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.
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.
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.
AMMO, Inc. (NASDAQ: POWW) announced a contract with the U.S. Department of Defense’s Irregular Warfare Technical Support Directorate to design and manufacture Ballistically Matched Multi-Purpose Rounds (BM-MPR). These rounds enhance snipers' capabilities by allowing them to switch ammunition types without re-zeroing their weapons, thus improving performance against various targets. The project underscores AMMO's commitment to supporting military needs and highlights its innovation in ammunition technology.
AMMO, Inc. (Nasdaq: POWW) announced an earnings conference call scheduled for June 29, 2021, at 5:00 p.m. EDT. The company confirmed a remarkable 2021 fiscal year revenue guidance of $62 million, marking an impressive 319% increase from $14.8 million in 2020. For the fiscal fourth quarter, revenue is projected at $24 million, representing a 400% increase compared to $4.8 million for the same quarter last year.
AMMO, Inc. (Nasdaq: POWW) has been added to the preliminary list of member additions to the Russell 2000® and Russell Microcap® Indexes, effective June 28, 2021. This annual reconstitution captures the largest 4,000 US stocks, enhancing AMMO's liquidity and visibility among institutional investors. With $10.6 trillion in assets benchmarked against these indexes, this inclusion is expected to increase AMMO's appeal in the investment community and supports its long-term shareholder value strategy, according to CEO Fred Wagenhals.
AMMO, Inc. (Nasdaq: POWW) has announced a groundbreaking ceremony for its new manufacturing facility in Manitowoc, WI, scheduled for June 21, 2021. The new plant will significantly enhance AMMO's production capabilities, tripling its footprint and increasing its workforce by over 100 employees over the next 1-3 years. CEO Fred Wagenhals emphasized the company's commitment to advancing technology and meeting consumer demand while fostering revenue growth and benefiting shareholders. The ceremony will be attended by senior management and local government leaders.