Ammo Inc

Outdoor Holding Company reported a return to profitability in its fiscal first quarter of 2027, with net revenue rising 22.1% year over year to $14.5 million and net income from continuing operations improving to $3.6 million from a $5.9 million loss a year earlier. Adjusted EBITDA surged 152% to $7.9 million, while operating cash flow turned positive at $4.4 million compared with a $6.7 million outflow in the prior-year period. Gross merchandise value on GunBroker.com increased 18.1% to $223.7 million, firearm unit sales rose 11.6%, and the new FFL transfer service contributed $0.9 million in revenue, adding 39 basis points to the take rate. Total operating expenses fell 45% to $8.9 million, driven by lower legal and professional fees and corporate restructuring, and cash rose to $68.8 million despite $2 million in share repurchases, an $0.8 million preferred dividend, and a $1 million debt payment. Management cautioned that a temporary demand boost from Virginia-related legislation is not expected to repeat next quarter.

Outdoor Holding Company reported a successful fiscal year driven by a shift to a streamlined pure-play e-commerce model centered on GunBroker.com. Firearms unit sales grew 8.7% in the fourth quarter, outpacing broader market trends, while the take rate declined modestly to 6.06% due to a sales mix shift toward firearms. Management highlighted a $5.4 million reduction in recurring operating expenses and a year-end cash balance of $68.1 million. The company paid $4.4 million to settle legacy litigation and remediated all previously identified material weaknesses in financial reporting. Looking ahead, the company plans to launch AI-driven tools and new revenue streams such as FFL services in fiscal 2027.