Outdoor Holding Company Reports First Quarter Fiscal 2026 Financial Results

Core Viewpoint - Outdoor Holding Company is undergoing a strategic transformation focused on operational efficiency and growth in its e-commerce marketplace, GunBroker.com, following the sale of its ammunition division and corporate rebranding [4][30][33]. Financial Highlights - Net revenues for the first quarter of fiscal 2026 were $11.9 million, a slight decrease from $12.3 million in the prior year [5][6]. - Gross margin improved to 87.2%, up from 85.8% year-over-year, driven by better platform monetization and a higher mix of high-margin seller services [5][6]. - Operating expenses decreased by $0.4 million year-over-year, reflecting cost-reduction initiatives [5][6]. - The net loss from continuing operations narrowed to $5.9 million, compared to a net loss of $12.0 million in the prior year [6][8]. - Adjusted EBITDA was $3.1 million, down from $4.1 million in the previous year [6][8]. Operational Highlights - The company has seen an increase in active marketplace listings and registered user accounts, reaching 8.5 million [6][13]. - Platform upgrades included improvements in search functionality, seller programs, and buyer personalization algorithms, contributing to higher average order values [7][38]. - The company is focused on enhancing user experience and engagement to drive growth [39][42]. Strategic Initiatives - The company aims to launch universal payment processing to enhance transaction efficiency and increase gross merchandise value (GMV) [39]. - A disciplined capital allocation strategy is in place, focusing on organic growth and operational efficiency [9][30]. - The company expects to achieve a run rate of $25 million in Adjusted EBITDA within 18 months, even with flat revenue [37].