By Connor Hart
Outdoor Holding narrowed its loss in its fiscal fourth quarter, as revenue grew and recent actions that the company took to improve profitability began to pay off.
The hunting-products company on Monday reported a loss of $1.48 million, or 1 cent a share, for its three months ended March 31. That compares with a loss of $78.3 million, or 67 cents a share, a year earlier.
Net revenue climbed 10% to $13.9 million.
Chief Executive Steve Urvan said Outdoor Holding has benefited from improvements it has across the business, such as reducing costs, resolving legal disputes and investing in its GunBroker.com platform.
The platform--an online marketplace dedicated to firearms, hunting, shooting and related products--delivered solid performance in the recent quarter, Outdoor Holding said, citing continued engagement from both buyers and sellers.
Firearm unit sales increased 8.7% from last year. Total gross merchandise value grew by 10%, to about $229 million.
Shares rose 1.9% to $2.18 in premarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 22, 2026 08:31 ET (12:31 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments