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) 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.
AMMO, Inc. (Nasdaq: POWW) has announced a sponsorship deal with Richard Childress Racing to sponsor the No. 23 Chevrolet driven by Ty Dillon in the upcoming NASCAR Xfinity Series race on May 29 at Charlotte Motor Speedway. CEO Fred Wagenhals emphasized the strategic alignment between AMMO and NASCAR enthusiasts. Dillon expressed enthusiasm for the opportunity, highlighting the team's strong performance aspirations. This partnership aims to elevate AMMO's brand visibility within the sporting community while supporting their shared values of patriotism and the 2nd Amendment.
AMMO, Inc. (Nasdaq: POWW) announced its first profitable quarter with revenue of $41 million for Q1 of the fiscal year 2022, ending June 30, 2021. The achievement marks significant growth and operational scale for the company since its inception. CEO Fred Wagenhals highlighted ongoing efforts in product refinement and capacity expansion, which are expected to drive continued revenue growth and shareholder value. AMMO also plans to report its fiscal 2021 results on or before June 29, with a call scheduled for updates.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant financial growth for Q1 2021. Interest income surged 206% to $546,842, while earnings from operations fell to $12,984 due to $200,000 in officer bonuses. Shareholder equity rose by 37% to $13.3M, and net asset value per share increased 41% to $1.24. The Company aims to expand its loan offerings, leveraging third-party financing opportunities, notably with gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). Risks include competition and market changes affecting loan rates.
AMMO, Inc. (Nasdaq: POWW) announced a seven-figure international ammunition deal expected to yield a gross profit margin of approximately 50%. This transaction will contribute to an anticipated $30 million in international revenue for the year, part of the previously projected $190 million total revenue. CEO Fred Wagenhals noted a rise in international market activity post-COVID, enhancing their capacity to meet demand.
AMMO, Inc. (Nasdaq: POWW) has provided an updated revenue guidance for its fiscal year ending March 31, 2022, forecasting $190 million, marking a significant 206% growth. The company also anticipates an Adjusted EBITDA exceeding $65 million and expects to achieve positive net income for the first time in fiscal year 2022, largely driven by the recent acquisition of GunBroker.com. This integration is set to enhance product offerings and operational efficiencies, benefiting shareholders.
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