American Outdoor Brands(AOUT) - 2025 Q3 - Quarterly Report

Financial Performance - Net sales for the three months ended January 31, 2025, were $58.5 million, an increase of$ 5.1 million or 9.5% compared to the same quarter last year, driven primarily by the outdoor lifestyle category[83] - Gross profit for the same period was $26.1 million, representing a gross margin of 44.7%, an increase of 200 basis points year-over-year[83] - Net income for the three months ended January 31, 2025, was$ 169,000, or $0.01 per diluted share, compared to a net loss of$ 2.9 million, or $0.23 per diluted share, for the same quarter last year[83] - For the nine months ended January 31, 2025, total net sales were$ 160.4 million, an increase of $5.6 million or 3.6% compared to the prior year[89] - Gross margin for the nine months ended January 31, 2025, was 46.1%, an increase of 150 basis points year-over-year[89] - Operating income for the three months ended January 31, 2025 was$ 303,000, a $3.2 million increase from a loss of$ 2.9 million in the same period last year, representing a 110.5% improvement[96] - For the nine months ended January 31, 2025, operating income was $799,000, up$ 7.8 million from a loss of $6.99 million in the prior year, marking a 111.4% increase[97] - Net income for the three months ended January 31, 2025 was$ 169,000, compared to a net loss of $2.9 million in the same quarter last year, reflecting a 105.8% increase[101] - For the nine months ended January 31, 2025, net income was$ 915,000, a $7.9 million increase from a net loss of$ 6.9 million in the prior year, indicating a 113.2% improvement[102] Sales Channels - E-commerce channel net sales increased by $2.4 million, or 9.5%, primarily due to higher sales of rugged outdoor and hunting products[86] - Traditional channel net sales rose by$ 2.7 million, or 9.6%, driven by increased sales of rugged outdoor and hunting products[87] - New products accounted for 18.1% of net sales for the three months ended January 31, 2025[88] Expenses - Research and development expenses for the three months ended January 31, 2025, increased by $155,000, primarily due to higher consulting and third-party service expenses[94] - Total operating expenses for the nine months ended January 31, 2025, decreased by$ 2.9 million, or 3.8%, compared to the prior year, primarily due to lower legal and consulting expenses[95] Cash Flow and Investments - Cash used in operating activities for the nine months ended January 31, 2025 was $6.4 million, a decrease of$ 16.2 million compared to cash provided by operating activities of $9.8 million in the same period last year[110] - Cash used in investing activities was$ 3.4 million for the nine months ended January 31, 2025, a decrease of $1.9 million from the prior year[111] - Cash used in financing activities was$ 2.8 million for the nine months ended January 31, 2025, primarily due to the repurchase of 270,587 shares of common stock[112] - The company had $17.1 million in cash equivalents on hand as of January 31, 2025, compared to$ 29.7 million as of April 30, 2024[114] Capital Expenditures - The company expects to spend approximately $4.0 million to$ 4.5 million on capital expenditures in fiscal 2025, a decrease from $6.0 million in fiscal 2024[111] Adjusted EBITDAS - Adjusted EBITDAS for the three months ended January 31, 2025 was$ 4.7 million, up from $2.4 million in the same period last year[106]