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OUTDOOR HOLDING COMPANY TO CONDUCT SECOND QUARTER EARNINGS CALL ON NOVEMBER 10, 2025 AT 9:00 AM ET
Globenewswire· 2025-10-20 13:00
Core Viewpoint - Outdoor Holding Company, owner of GunBroker.com, will release its financial results for Q2 of the 2026 fiscal year on November 10, 2025 [1]. Group 1: Financial Results Announcement - The financial results will be announced premarket on November 10, 2025 [1]. - A conference call will be held at 9:00 AM ET on the same day to review the financial results and provide updates on corporate developments [2]. - Participants are encouraged to preregister for the call to receive their dial-in number [2][3]. Group 2: Company Overview - Outdoor Holding Company is headquartered in Atlanta, Georgia, and operates subsidiaries that serve outdoor enthusiasts, including GunBroker [4]. - GunBroker.com is the largest online marketplace for firearms, hunting, and related products, facilitating sales through third-party sellers [5]. - The platform promotes responsible ownership of firearms and adheres to federal and state laws regarding the sale of firearms and restricted items [5].
OUTDOOR HOLDING COMPANY RELOCATES CORPORATE HEADQUARTERS TO ATLANTA, GA
Globenewswire· 2025-10-01 10:00
Core Points - Outdoor Holding Company has relocated its corporate headquarters from Scottsdale, Arizona to Atlanta, Georgia to reduce corporate overhead and control indirect costs [1][2] - The relocation is aimed at improving cultural cohesion and corporate efficiencies while striving to grow Adjusted EBITDA over the next 12-18 months [2] - The move will result in a modest headcount reduction, with remaining Arizona-based team members shifting to remote work [2] Company Overview - Outdoor Holding Company is a publicly traded corporation that owns and operates subsidiaries serving outdoor enthusiasts, including GunBroker.com, the largest online marketplace for firearms and related products [3] - GunBroker.com, launched in 1999, serves as a secure platform for third-party sellers to list firearms, ammunition, and related gear, promoting responsible ownership of firearms [4]
Federal Court Confirms GunBroker.com Marketplace Status, Validates IP Protection Policies
Globenewswire· 2025-09-29 10:00
Core Viewpoint - The United States District Court for the Northern District of Georgia has ruled in favor of Outdoor Holding Company, confirming GunBroker.com’s status as an online marketplace and validating its policies to protect third-party intellectual property rights [1][2]. Group 1: Legal Outcome - The court granted summary judgment in a contributory trademark infringement case brought by Microtech Knives, Inc. against GunBroker.com [1][2]. - The ruling concluded that GunBroker.com met its obligations to protect intellectual property once notified of potential infringements [1][2]. Group 2: Company Statements - CEO Steve Urvan expressed satisfaction with the court's recognition of GunBroker.com as an online marketplace, similar to platforms like eBay and Etsy, emphasizing the effectiveness of the company's policies [2]. - The decision is expected to eliminate unnecessary legal costs and distractions, allowing the company to focus on growth as a dedicated online marketplace for firearms and outdoor enthusiasts [2]. Group 3: Company Overview - Outdoor Holding Company, based in Scottsdale, Arizona, operates GunBroker.com, the largest online marketplace for firearms and related products [3]. - GunBroker.com facilitates sales by third-party sellers and adheres to federal and state laws governing the sale of firearms and restricted items [3].
Outdoor Holding Company Regains Full Compliance with Nasdaq Rule Following Successful Annual Stockholder Meeting
Globenewswire· 2025-09-02 20:33
Core Viewpoint - Outdoor Holding Company has regained compliance with Nasdaq Listing Rule 5620(a) following its 2025 Annual Meeting of Stockholders, where all matters presented by the Board of Directors were approved [1][2]. Company Overview - Outdoor Holding Company is a publicly traded corporation based in Scottsdale, Arizona, that owns and operates subsidiaries catering to outdoor enthusiasts, including GunBroker.com, the largest online marketplace for firearms and related products [3]. GunBroker.com Overview - GunBroker.com serves as the largest online marketplace for firearms, hunting, and related products, facilitating sales through third-party sellers while adhering to federal and state laws governing firearm sales [4]. Annual Meeting Highlights - The Annual Meeting resulted in the election of five directors, ratification of the independent accounting firm, approval of a long-term incentive plan, and a proposal for a reverse stock split at a ratio between 1-for-5 and 1-for-10 [6]. - The meeting also included advisory votes on executive compensation and the frequency of future advisory votes [6]. Management's Focus - The management team, led by CEO Steve Urvan, aims to accelerate growth in the core online business and enhance long-term stockholder value, supported by a newly elected board of experienced veterans [2].
Outdoor Holding Company Reports First Quarter Fiscal 2026 Financial Results
GlobeNewswire· 2025-08-08 20:00
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].
Outdoor Holding Company Announces Settlement and Leadership Transition
Globenewswire· 2025-05-28 20:05
Leadership Transition - Steve Urvan has been appointed as the Chief Executive Officer and Chairman of the Board of Outdoor Holding Company, effective May 30, 2025, pending Nasdaq's approval of a settlement transaction [1][2] - Urvan is the founder of GunBroker.com and the largest shareholder of the Company, bringing 22 years of experience in technology and e-commerce [2][3] Strategic Focus - The Company aims to accelerate its strategic focus on growing its profitable e-commerce segment, particularly through GunBroker.com, which is the largest online marketplace for firearms and related products [3][9] - Urvan expressed a commitment to building a winning culture and establishing clear operating principles to guide the Company towards success [2] Litigation Settlement - The Company has settled ongoing litigation with Urvan, which will allow it to focus on enhancing profitability and shareholder value [4] - As part of the settlement, outgoing CEO Jared Smith will resign from the Board, leaving a total of six members, including Urvan [4] Financial Remuneration - Urvan will receive a salary of $1 in his first year as CEO, with bonuses or equity grants to be determined by the Compensation Committee [6] - The settlement also includes financial remuneration for Urvan, details of which are available in the Company's Current Report filed with the SEC [5] Compliance with Nasdaq - The Company has regained compliance with Nasdaq's listing rule regarding timely periodic reporting, having filed Forms 10-Q for the periods ended September 30 and December 31, 2024 [7] - The Company plans to file its annual report on Form 10-K for fiscal year 2025 in a timely manner [7]
Outdoor Holding Company Announces Preferred Stock Dividend
Globenewswire· 2025-05-09 10:00
Group 1 - Outdoor Holding Company announced a cash dividend of $0.546875 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on June 16, 2025, to holders of record as of June 1, 2025 [1] - The company is the owner of GunBroker.com, the largest online marketplace for firearms and shooting sports, and is a leading producer of high-performance ammunition and components [1][2] - GunBroker.com operates as a platform for third-party sellers to list firearms and related products, adhering to federal and state laws regarding the sale of such items [2] Group 2 - Outdoor Holding Company is headquartered in Scottsdale, Arizona, and serves outdoor enthusiasts through its subsidiaries [2] - GunBroker.com promotes responsible ownership of firearms and provides a secure way to buy and sell various outdoor and shooting-related products [2]
AMMO, Inc. Completes Sale of Ammunition Manufacturing Assets to Olin Winchester
Newsfilter· 2025-04-18 18:00
Core Insights - AMMO, Inc. has completed the sale of its ammunition manufacturing assets to Olin Winchester, marking a significant shift towards becoming a tech-enabled e-commerce company focused on GunBroker.com [1][2][3] - The transaction is expected to unlock substantial value and accelerate growth as AMMO transitions to a pure-play e-commerce platform [3][4] - GunBroker.com will serve as the core business and growth engine, with recent enhancements leading to improved customer engagement and conversion rates [4][7] Transaction Details - Olin Winchester acquired AMMO's 185,000-square-foot manufacturing and ballistic testing facility located in Manitowoc, Wisconsin [5] - The sale was unanimously approved by AMMO's Board and M&A Committee after a comprehensive strategic review process that began in February 2024 [6][8] - The transaction involved a competitive sale process with 15 potential buyers and included a fairness opinion from Lake Street Capital Markets [6][8] Future Focus - The company aims to prioritize the profitable, high-margin GunBroker.com marketplace and capitalize on e-commerce growth opportunities in the firearms and shooting sports industries [7][8] - Proceeds from the transaction will be used for general corporate purposes, with potential evaluations for other uses in the future [8] - AMMO is initiating a rebranding process, including a name change to Outdoor Holding Company, to better align with its e-commerce identity [9] Compliance and Updates - AMMO has submitted an updated compliance plan to Nasdaq to address a deficiency notification regarding its listing requirements [10]