Online firearms firm Ammo's Q2 revenue flat, beats expectations

Overview

• Ammo fiscal Q2 revenue flat yr/yr at $11.98 mln, beating analyst expectations

• Net income from continuing operations reaches $1.40 mln, first profit after net losses

• Adjusted EBITDA for fiscal Q2 improves to $4.91 mln from $3.95 mln

Outlook

• Company expects legal and professional service expenses to gradually decline

• Company focuses on operational efficiency, margin expansion, and digital innovation

• Company prioritizes initiatives to enhance platform monetization and user experience

Result Drivers

• OPERATIONAL STREAMLINING - Co attributes improved results to streamlining operations and reducing costs

• PLATFORM ENHANCEMENTS - Upgrades to GunBroker.com increased user engagement and monetization

• TRANSITION TO E-COMMERCE - Co completed transition to pure-play e-commerce model, focusing on GunBroker.com

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the recreational products peer group is "buy"

• Wall Street's median 12-month price target for Outdoor Holding Company is $1.70, about 4.1% above its November 7 closing price of $1.63

Press Release: ID:nGNX8NqLsw

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)