AMMO reports Q2 FY2023 net loss; revenue down 21% YoY; lowers full-year guidance

Outdoor Holding Co

2022-Q2 EPS reported $0.01 revenue$109,044,585

Net revenues $48.3M, down 21% YoY; net loss ($0.8M) vs income $14.1M; diluted EPS ($0.01).
Adjusted EBITDA $8.2M vs $24.0M; adjusted EPS $0.05 vs $0.17.
GunBroker.com revenue $14.6M; take rate 5.3% (up from 5.0% in FY2022).
FY2023 guidance reduced: revenue $220M-$240M, EBITDA $30M-$40M, adjusted EBITDA $50M-$60M.
Proxy contest resolved; implementing $5M annualized cost reductions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Outdoor Holding Co reported second quarter of fiscal 2023, ended September 30, 2022 results: revenue approximately $48.3M, net income Net loss of ($0.8) million, EPS Diluted EPS of ($0.01). Guidance reaffirmed.

Period: second quarter of fiscal 2023, ended September 30, 2022
Revenue: approximately $48.3M
Net income: Net loss of ($0.8) million
EPS: Diluted EPS of ($0.01)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

to our most recent year-end with $414M in total assets, $40M in Liabilities and $374M in shareholders equity. Total revenues for the second fiscal quarter were approximately $48.3M in comparison to approximately $61M in the prior year quarter - this was a decrease of 21% from the prior year quarter. This decrease is in line with the industry decline of our

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Outdoor Holding Co updated its 2023 Fiscal Year guidance (lowered).

Period: 2023 Fiscal Year
Guidance: lowered
Result: guidance update

Exact text from the filing

We are reducing our guidance for our 2023 Fiscal Year to revenues in the range of $220 million to $240 million, EBITDA in the range of $30 million to $40 million and Adjusted EBITDA in the range of $50 million to $60 million.

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Source: SEC EDGAR

accession 0001493152-22-032046

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