secwatch.observer — SEC 8-K summary
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Issuer:     Outdoor Holding Co (POWW)
CIK:        0001015383
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001493152-23-027353
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015383/000149315223027353/0001493152-23-027353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015383/000149315223027353/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027353

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