Outdoor Holding Company
- Open
- 2.26
- Day high
- 2.29
- Day low
- 2.24
- Prev close
- 2.26
- Volume
- 463K
- Mkt cap
- $265M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.1
- P/S
- 5.2
- Yield
- —
- Per share
- —
Outdoor Holding Company (POWW) is a Industrials company listed on NASDAQ. The stock is up 80% over the past year.
Outdoor Holding Company (POWW) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
POWW earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 22, 2026 | $-0.02 | $-0.03 | -50.0% | $14M | +9.4% |
| Aug 8, 2025 | $-0.03 | $0.02 | +166.7% | $12M | +3.0% |
| May 20, 2025 | $-0.01 | $-0.11 | -2100.0% | $29M | -14.3% |
| Jan 2, 2025 | $-0.03 | $-0.10 | -248.9% | $31M | -7.7% |
| Aug 8, 2024 | $-0.03 | $0.01 | +133.3% | $31M | -7.6% |
| Jun 13, 2024 | $-0.00 | $0.01 | +400.3% | $40M | +6.7% |
| Feb 8, 2024 | $0.06 | $0.04 | -33.3% | $36M | +3.4% |
| Nov 9, 2023 | $-0.02 | $-0.07 | -250.0% | $34M | -0.2% |
| Jun 14, 2023 | $-0.12 | $0.03 | +125.1% | $44M | +17.5% |
| Feb 14, 2023 | $0.08 | $0.05 | -37.5% | $39M | -28.6% |
| Nov 14, 2022 | $0.12 | $0.05 | -58.3% | $48M | -24.1% |
| Aug 15, 2022 | $0.30 | $0.09 | -70.0% | $61M | -13.0% |
POWW insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 19, 2026 | Kasowski Paul Josephofficer: CFO | Tax | 6,088 | $1.94 |
| May 19, 2026 | Tsentas Christos Georgedirector | Grant | 15,000 | $1.94 |
| May 19, 2026 | WALKER WAYNE REMELLdirector | Grant | 15,000 | $1.94 |
| May 19, 2026 | Christensen Jordanofficer: Chief Legal Officer | Grant | 45,000 | $1.94 |
| May 19, 2026 | Christensen Jordanofficer: Chief Legal Officer | Tax | 12,584 | $1.94 |
| May 19, 2026 | Urvan Steven F.director, 10 percent owner, officer: Chief Executive Officer | Grant | 15,000 | $1.94 |
| May 19, 2026 | Akhavan Houmandirector | Grant | 15,000 | $1.94 |
| May 19, 2026 | Douglas David J.director | Grant | 15,000 | $1.94 |
| May 19, 2026 | Urvan Steven F.director, 10 percent owner, officer: Chief Executive Officer | Tax | 4,448 | $1.94 |
| May 19, 2026 | Kasowski Paul Josephofficer: CFO | Grant | 25,000 | $1.94 |
| Feb 18, 2026 | Tsentas Christos Georgedirector | Grant | 15,000 | — |
| Feb 18, 2026 | WALKER WAYNE REMELLdirector | Grant | 15,000 | — |
| Feb 18, 2026 | Douglas David J.director | Grant | 15,000 | — |
| Feb 18, 2026 | Kasowski Paul Josephofficer: CFO | Tax | 8,038 | $1.89 |
| Feb 18, 2026 | Kasowski Paul Josephofficer: CFO | Grant | 25,000 | — |
Source: POWW SEC Form 4 filings, latest May 19, 2026. For informational purposes only — not investment advice.
See the full POWW insider & 13F page →Outdoor Holding Company company profile
Overview
AMMO, Inc. (NASDAQ:POWW) is a Scottsdale, Arizona-based company that designs, produces, and markets ammunition and ammunition component products while operating GunBroker.com, one of the largest online marketplaces for firearms and related accessories. Founded and going public in 2017, the company has evolved from primarily an ammunition manufacturer into a dual-segment business combining manufacturing operations with a digital marketplace platform. The company has undergone significant strategic transformation in recent years, transitioning from high-volume commodity ammunition production to higher-margin specialty products while simultaneously developing its online marketplace capabilities.
Business
AMMO operates in two distinct business segments within the broader firearms and shooting sports industry. The Ammunition Segment represents approximately 60% of total revenues and focuses on manufacturing ammunition and brass casings for various applications. The company produces specialty ammunition products including STREAK Visual Ammunition, which allows shooters to see the trajectory of their bullets through pyrotechnic tracers, and Stelth Subsonic ammunition designed for use with suppressed firearms. The segment also manufactures brass casings - the metal shells that hold gunpowder and bullets - which are sold both as components to other ammunition manufacturers and used internally for loaded ammunition production. The Marketplace Segment, representing approximately 40% of revenues, operates GunBroker.com, an online auction and sales platform that facilitates the lawful purchase and sale of firearms, ammunition, and hunting accessories. This platform serves as an intermediary connecting buyers and sellers, similar to eBay but specialized for firearms-related products. GunBroker has over 5 million registered users and facilitates approximately $1.2 billion in annual transaction volume, earning revenue through listing fees, final value fees, and payment processing services. The company serves diverse customer bases including recreational shooters, hunters, law enforcement agencies, military organizations, and individual firearms manufacturers who purchase brass casings as components for their own ammunition production.
Revenue model
AMMO generates revenue through two distinct business models. The ammunition manufacturing segment operates on a traditional product sales model, selling finished ammunition and brass casings directly to distributors, retailers, and end customers. Revenue is generated through unit sales with pricing based on material costs, manufacturing complexity, and market demand. The company has been strategically shifting away from high-volume, low-margin commodity rounds like 9mm pistol ammunition toward higher-margin specialty rifle calibers and premium brass casings, which can command significantly better profit margins. The GunBroker marketplace operates on a transaction fee model, earning revenue through listing fees, final value fees (currently around 5-6% of transaction value), and payment processing services. The platform's "take rate" - the percentage of transaction value captured as revenue - has been gradually increasing as the company adds new services like centralized payment processing and enhanced seller tools. This segment enjoys gross margins exceeding 85% due to its asset-light, technology-driven nature. Several factors significantly impact the company's margins and profitability. Commodity price volatility, particularly for copper and brass, directly affects manufacturing costs since these materials represent major input costs for ammunition production. Production capacity utilization is critical, as the high fixed costs of manufacturing facilities mean that higher volumes dramatically improve unit economics. Product mix substantially influences margins, with specialty rifle ammunition and brass casings generating significantly higher margins than commodity pistol rounds. Regulatory environment and political cycles create demand volatility, as firearms and ammunition purchases often surge during periods of perceived regulatory uncertainty. Competition from larger manufacturers like Federal Premium and Remington can pressure pricing, particularly in commodity segments where AMMO lacks significant differentiation.
Competitive moat
AMMO's competitive positioning reflects a company with limited traditional moats but some emerging advantages in specific niches. The ammunition manufacturing business operates in a highly competitive, largely commoditized industry where established players like Federal Premium, Winchester, and Remington benefit from decades of brand recognition, extensive distribution networks, and significant economies of scale. AMMO's manufacturing operations face constant pricing pressure and lack meaningful differentiation in most product categories. However, the company has developed some defensive characteristics through its strategic focus on specialty ammunition products and brass casing manufacturing. The STREAK visual ammunition and other specialty products serve niche markets where performance characteristics matter more than price, providing some insulation from pure commodity competition. The brass casing business benefits from the technical expertise required for precision manufacturing and the limited number of suppliers serving this market segment. GunBroker.com represents AMMO's strongest competitive asset, functioning as a network effects business where value increases with the number of participants on both sides of the marketplace. With over 5 million registered users and established relationships with thousands of firearms dealers, GunBroker benefits from switching costs and network density that make it difficult for competitors to replicate. The platform's specialization in firearms creates regulatory barriers to entry, as competitors must navigate complex federal and state compliance requirements. The primary competitive threats come from larger ammunition manufacturers with superior cost structures and distribution capabilities, new entrants in the growing online firearms marketplace space, and potential regulatory changes that could impact either business segment. The company's relatively small scale compared to industry leaders limits its ability to compete on price in commodity segments, making continued focus on differentiated products and marketplace growth essential for long-term competitiveness.
Risks & safety
AMMO demonstrates a relatively strong financial position with moderate safety characteristics, though profitability remains inconsistent. • Liquidity and Solvency: Strong cash position of $50.8 million with minimal debt ($14.6 million total liabilities vs $348 million equity). Current ratio of 3.17x indicates solid short-term liquidity. Debt-to-equity ratio of just 4.2% suggests low financial risk. • Cash Flow and Burn: Recent quarters show negative operating cash flow of $0.5 million and negative free cash flow of $2.0 million, indicating current operations are consuming cash. However, the company generated positive operating cash flow of $32.6 million in fiscal 2024, suggesting cyclical rather than structural cash burn. • Valuation Metrics: Trading at 0.56x book value and negative P/E ratios due to current losses. Graham net-net ratio of 0.35 suggests the stock trades below liquidation value. EV/EBITDA metrics are distorted by negative EBITDA in recent quarters. • Other Considerations: Substantial cash reserves provide significant runway even with current burn rates. The company has been actively repurchasing shares, indicating management confidence. However, persistent operating losses and negative EBITDA in recent quarters raise questions about operational efficiency and market positioning.
Recent development
Over the past several years, AMMO has undergone substantial strategic transformation across both business segments. The company relocated its ammunition manufacturing operations from Arizona to a new 185,000 square foot facility in Manitowoc, Wisconsin, designed to increase production capacity from 400 million rounds annually to potentially 1 billion rounds. However, this transition has been accompanied by significant operational challenges, including mechanical failures of rifle case production equipment and inefficiencies that have pressured margins. The ammunition strategy has shifted dramatically away from high-volume, low-margin commodity rounds like 9mm pistol ammunition toward higher-margin specialty products including rifle calibers, premium brass casings, and specialized ammunition lines. The company secured a significant contract with ZRO Delta for 12.7x108 caliber ammunition and has been developing new product lines including the HUNT brand for hunting applications. Management brought in-house tooling design and manufacturing capabilities and engaged a global consulting firm to conduct a comprehensive 30-week operational review of the entire manufacturing process. GunBroker.com has undergone significant platform enhancements aimed at increasing user engagement and transaction values. Key developments include the launch of centralized payment processing through OutdoorPay, implementation of multi-item cart functionality, introduction of the Collector's Elite site for premium sellers, and partnerships with financing providers like Gearfire Capital. The platform has also expanded beyond pure auction functionality toward fixed-price sales and cross-selling of accessories, with management targeting increases in the take rate from current levels of 5-6% to high single digits. The company has also implemented substantial cost-cutting initiatives, identifying up to $15 million in potential savings opportunities while simultaneously investing in technology improvements and operational efficiency programs. Management has been actively repurchasing shares and maintaining strong cash reserves to fund the ongoing transformation initiatives.
POWW company profile · for informational purposes only — not investment advice.
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