American Outdoor Brands(US:AOUT)2025-09-04 20:30PART I - FINANCIAL INFORMATION This section presents the unaudited financial statements and management's discussion and analysis for the first fiscal quarter, along with market risk and controls disclosures Item 1. Financial Statements (Unaudited) Presents unaudited condensed consolidated financial statements, including balance sheets, operations, equity, cash flows, and notes Condensed Consolidated Balance Sheets This table presents the condensed consolidated balance sheets, detailing assets, liabilities, and equity as of July 31, 2025, and April 30, 2025 ASSETS (in thousands) | ASSETS (in thousands) | July 31, 2025 | April 30, 2025 | | :-------------------- | :------------ | :------------- | | Cash and cash equivalents | $17,771 | $23,423 | | Accounts receivable, net | $21,754 | $39,337 | | Inventories | $125,787 | $104,717 | | Total current assets | $169,795 | $171,590 | | Property, plant, and equipment, net | $10,623 | $11,231 | | Intangible assets, net | $29,471 | $31,411 | | Total assets | $241,911 | $246,355 | LIABILITIES AND EQUITY (in thousands) | LIABILITIES AND EQUITY (in thousands) | July 31, 2025 | April 30, 2025 | | :---------------------------------- | :------------ | :------------- | | Accounts payable | $23,051 | $15,717 | | Accrued expenses | $16,841 | $13,872 | | Accrued payroll and incentives | $876 | $5,871 | | Total current liabilities | $42,192 | $36,796 | | Total liabilities | $74,073 | $68,745 | | Total equity | $167,838 | $177,610 | | Total liabilities and equity | $241,911 | $246,355 | Condensed Consolidated Statements of Operations This table presents the condensed consolidated statements of operations, detailing net sales, expenses, and net loss for the three months ended July 31, 2025 and 2024 (in thousands, except per share data) | (in thousands, except per share data) | For the Three Months ended July 31, 2025 | For the Three Months ended July 31, 2024 | | :------------------------------------ | :--------------------------------------- | :--------------------------------------- | | Net sales | $29,702 | $41,643 | | Cost of sales | $15,844 | $22,717 | | Gross profit | $13,858 | $18,926 | | Total operating expenses | $20,677 | $21,500 | | Operating loss | $(6,819) | $(2,574) | | Net loss | $(6,829) | $(2,365) |\ | Net loss per share: Basic and diluted | $(0.54) | $(0.18) | Condensed Consolidated Statements of Stockholders' Equity This table presents the condensed consolidated statements of stockholders' equity, showing changes in common stock, additional paid-in capital, retained earnings, and treasury stock (in thousands) | (in thousands) | Balance at April 30, 2025 | Net loss | Stock-based compensation | Issuance of common stock under restricted stock unit awards, net of tax | Repurchase of treasury stock | Balance at July 31, 2025 | | :------------- | :------------------------ | :------- | :----------------------- | :------------------------------------------------------ | :--------------------------- | :----------------------- | | Common Stock (Shares) | 14,974 | — | — | 197 | — | 15,171 | | Common Stock (Amount) | $15 | — | — | — | — | $15 | | Additional Paid-In Capital | $280,711 | — | $651 | $(1,070) | — | $280,292 | | Retained (Deficit)/Earnings | $(74,700) | $(6,829) | — | — | — | $(81,529) | | Treasury Stock (Shares) | 2,278 | — | — | — | 240 | 2,518 | | Treasury Stock (Amount) | $(28,416) | — | — | — | $(2,524) | $(30,940) | | Total Equity | $177,610 | $(6,829) | $651 | $(1,070) | $(2,524) | $167,838 | Condensed Consolidated Statements of Cash Flows This table presents the condensed consolidated statements of cash flows, detailing cash movements from operating, investing, and financing activities (in thousands) | (in thousands) | For the Three Months Ended July 31, 2025 | For the Three Months Ended July 31, 2024 | | :------------- | :--------------------------------------- | :--------------------------------------- | | Net cash used in operating activities | $(1,688) | $(4,352) | | Net cash used in investing activities | $(370) | $(1,105) | | Net cash used in financing activities | $(3,594) | $(778) | | Net decrease in cash and cash equivalents | $(5,652) | $(6,235) | | Cash and cash equivalents, beginning of period | $23,423 | $29,698 | | Cash and cash equivalents, end of period | $17,771 | $23,463 | Notes to Condensed Consolidated Financial Statements (Unaudited) Provides detailed notes on accounting policies, asset breakdowns, debt, equity, and other financial disclosures (1) Organization This note describes American Outdoor Brands, Inc. as a leading provider of outdoor lifestyle and shooting sports products, organized into four distinct brand lanes - American Outdoor Brands, Inc. is a leading provider of outdoor lifestyle products and shooting sports accessories, encompassing hunting, fishing, meat processing, outdoor cooking, camping, shooting, and personal security and defense products 23 - The company organizes its product development, customer service, and marketing teams into four brand lanes: Adventurer, Harvester, Marksman, and Defender, each focusing on distinct consumer verticals 2427 (2) Basis of Presentation This note outlines revenue recognition policies, disaggregates net sales by channel, geography, and product category, and discusses the impact of recent accounting pronouncements - Revenue is recognized when control of ownership transfers to the customer, typically on shipment or delivery, based on contractual terms 28 Net Sales Disaggregation (in thousands) | Net Sales Disaggregation (in thousands) | 2025 | 2024 | $ Change | % Change | | :------------------------------------ | :----------- | :----------- | :----------- | :----------- | | e-commerce channels net sales | $10,691 | $16,501 | $(5,810) | (35.2%) | | Traditional channels net sales | $19,011 | $25,142 | $(6,131) | (24.4%) | | Total net sales | $29,702 | $41,643 | $(11,941) | (28.7%) | Geographic Net Sales (in thousands) | Geographic Net Sales (in thousands) | 2025 | 2024 | $ Change | % Change | | :------------------------------------ | :----------- | :----------- | :----------- | :----------- | | Domestic net sales | $27,849 | $37,213 | $(9,364) | (25.2%) | | International net sales | $1,853 | $4,430 | $(2,577) | (58.2%) | | Total net sales | $29,702 | $41,643 | $(11,941) | (28.7%) | Product Category Net Sales (in thousands) | Product Category Net Sales (in thousands) | 2025 | 2024 | $ Change | % Change | | :---------------------------------------- | :----------- | :----------- | :----------- | :----------- | | Shooting sports net sales | $13,983 | $