Financial Performance - Net revenues increased by 7% year-over-year to $13.39 million, up from $12.52 million[6] - Gross profit rose to $11.66 million, maintaining a gross profit margin of approximately 87%[6] - Net income before discontinued operations was $1.46 million, compared to a net loss of $(21.18) million in the prior year, marking the second consecutive quarter of profitability[6] - Adjusted EBITDA increased to $6.55 million from $4.26 million in the same period last year[6] - Total net revenues for the nine months ended December 31, 2025, were $37,236,005, a slight increase from $36,786,879 in the same period of 2024, representing a growth of approximately 1.2%[26] - Gross profit for the nine months ended December 31, 2025, was $32,439,767, compared to $31,901,007 for the same period in 2024, indicating an increase of about 1.7%[26] - Net income attributable to common stockholders for the nine months ended December 31, 2025, was $1,464,625, compared to a loss of $55,656,281 in the same period of 2024[26] - Basic income per share of common stock for the nine months ended December 31, 2025, was $0.01, compared to a loss of $0.34 in the same period of 2024[26] - The company reported a gross profit margin of approximately 86.9% for the nine months ended December 31, 2025, compared to 86.5% for the same period in 2024[26] Operating Expenses and Cash Flow - Operating expenses decreased by $21.76 million year-over-year, reflecting cost discipline and resolved legal disputes[6] - Operating expenses for the nine months ended December 31, 2025, totaled $35,777,635, a decrease from $64,672,926 in the same period of 2024, indicating a reduction of about 44.8%[26] - Generated over $4 million in cash from operations during the quarter, ending with $69.9 million in cash and cash equivalents[9] - Cash and cash equivalents increased significantly to $69,857,730 as of December 31, 2025, from $30,227,796 as of March 31, 2025, marking an increase of approximately 131.3%[24] Growth and Market Performance - Total gross merchandise value (GMV) increased by 6.4% to $215.8 million, with firearm sales up by 8% despite a 4% decline in adjusted NICS checks[7] - The company is focused on sustainable growth through operational efficiency and digital innovation, with key priorities including increasing GMV and enhancing seller offerings[10] Corporate Restructuring - The relocation of headquarters from Arizona to Georgia is part of ongoing corporate restructuring and operational streamlining initiatives[6] - Total current assets increased to $82,518,544 as of December 31, 2025, from $72,148,138 as of March 31, 2025, reflecting a growth of approximately 14.5%[24] - Total liabilities decreased to $34,385,362 as of December 31, 2025, down from $75,303,066 as of March 31, 2025, a reduction of about 54.4%[24] - Total shareholders' equity increased to $237,267,909 as of December 31, 2025, from $222,026,563 as of March 31, 2025, representing a growth of approximately 6.8%[24] Product and Service Enhancements - Continued enhancements to GunBroker.com included improved seller tools and user experience features[6][8]
AMMO(POWWP) - 2026 Q3 - Quarterly Results