AMMO reports Q3 revenue down 40% to $38.7M, net loss of $4.1M; cuts FY2023 guidance

Outdoor Holding Co

2023-Q3 EPS reported -$0.03 revenue$147,756,079

Net revenues $38.7M, down 40% YoY; net loss of $4.1M vs prior-year net income of $9.1M.
Diluted EPS $(0.04) vs $0.07; updated adjusted EPS $0.05 vs $0.08.
FY2023 guidance cut: revenue $185M, adjusted EBITDA $22M (new calc), EBITDA $17M.
GunBroker.com marketplace revenue $15.4M; new users 40k/month; take rate 5.7% up from 5.4%.
Cost of revenues $26.2M, gross margin $12.5M vs $22.5M; margin compression due to higher costs.

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 third quarter of fiscal 2023, ended December 31, 2023 results: revenue $38.7 million, net income ($4.1) million, EPS ($0.04). Guidance lowered.

Period: third quarter of fiscal 2023, ended December 31, 2023
Revenue: $38.7 million
Net income: ($4.1) million
EPS: ($0.04)
Guidance: lowered
Result: reported results

Exact text from the filing

today reported results for its third quarter of fiscal 2023, ended December 31, 2023. Third Quarter Fiscal 2023 vs. Third Quarter Fiscal 2022 ● Net Revenues decreased 40% to $38.7 million. ● Gross profit margin of approximately 32.3%. ● Historical Adjusted EBITDA of $7.9 million compared to $20.1million. ● Updated Adjusted EBITDA of $4.8 million compared to

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Source: SEC EDGAR

accession 0001493152-23-004886

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