Scottsdale, Arizona, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Outdoor Holding Company (NASDAQ: POWW/POWWP) (“we,” “us,” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced that it successfully held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) on August 29, 2025 and, as a result, regained compliance with Nasdaq Listing Rule 5620(a). At the Annual Meeting, stockholders approved all matters presented for a v ...

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].

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]

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]

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]