Financial Data and Key Metrics - Net sales for Q3 2024 were 53.4million,a50.23 for Q3, compared to a loss of 0.21inQ32023,whilenon−GAAPEPSwas0.08, down from 0.13intheprioryear[24]−AdjustedEBITDASforQ3was2.4 million, compared to 3.3millioninQ32023[24]−ThecompanyendedQ3with15.9 million in cash, no debt, and total available capital of approximately 106million[26]BusinessLinePerformance−OutdoorLifestylecategorygrew2.81.8 million in Q3, as part of its share repurchase program [27] - Capital expenditures for fiscal 2024 are expected to be between 6millionand6.5 million, with 3millionto3.5 million being recurring expenses [27] Q&A Session Summary Question: Inventory levels at retailers and confidence in future progress - Inventory levels in the channel were down, except for Outdoor Lifestyle due to the MEAT! load-in and work with Academy [32] - The company is focused on maintaining a tight link between sell-in and sell-through to avoid excess inventory in the channel [41] Question: Appetite for M&A given internal innovation efforts - The company evaluates acquisitions based on where its brands do not have "permission to play" or where it can augment existing innovation plans [35][36] - The company is actively looking for M&A opportunities, with a strong cash position and no debt [45] Question: Sales growth deceleration in Q4 - The expected deceleration in Q4 growth is attributed to the seasonal nature of the business, with Q2 and Q3 typically being stronger quarters [39] Question: Opportunities for higher load-in and new product launches - The company expects new product launches in late April to drive load-ins, along with new distribution opportunities and new retailers coming online [43] Question: Near-term appetite for acquisitions - The company is cautious about M&A in frothy markets but is actively looking for opportunities, with a strong pipeline and clear acquisition targets [45]