---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027353"
form_type: "8-K"
ticker: "POWW"
cik: "0001015383"
company_name: "Outdoor Holding Co"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:08:04.441186+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AMMO reports Q1 net loss of $1.1M, revenue down 44% to $34.3M, gross margin improves to 40.9%

## Summary
- Net loss of $1.1M ($0.02 diluted EPS) vs net income of $3.3M ($0.02 EPS) in prior year period; adjusted EPS of $0.05 vs $0.07.
- Revenue fell to $34.3M from $60.8M, driven by softer US commercial ammunition market; casing sales rose to $6.2M from $3.3M.
- Gross margin expanded to 40.9% from 29.8% due to higher-mix of brass sales and marketplace; marketplace revenue $13.9M with take rate 5.8%.
- Adjusted EBITDA of $6.6M vs $10.6M; nonrecurring legal expenses of $2.8M included as addback.
- Cash from operations $13.0M; ended with $47.5M cash; repurchased ~739K shares in quarter, total over 1.0M.

## SEC filing metadata
- accession: 0001493152-23-027353
- form_type: 8-K
- ticker: POWW
- cik: 0001015383
- company_name: Outdoor Holding Co
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015383/000149315223027353/0001493152-23-027353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015383/000149315223027353/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027353
- JSON: https://secwatch.observer/filing/0001493152-23-027353.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027353.txt

## Key facts
- Earnings Releases
  Outdoor Holding Co reported financial results for first quarter of fiscal 2024, ended June 30, 2023.
  - Period: first quarter of fiscal 2024, ended June 30, 2023
  - Result: reported results
  source text: On August 9, 2023, Ammo, Inc. (the "Company") reported its financial results for the fiscal quarterly period ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000149315223027353/0001493152-23-027353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.