Outdoor Holding Company
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Range $2.75 – $2.75
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About the company
Outdoor Holding Company specializes in digital commerce, primarily operating an internet-based marketplace. A central component of its operations is the GunBroker e-commerce platform, a bidding website that facilitates the legitimate trade of firearms, ammunition, and various hunting and shooting accessories. Beyond its core marketplace, the firm also undertakes banner advertising campaigns.
- CEO
- Steven F. Urvan
- IPO
- 2017
- Employees
- 63
- HQ
- Atlanta, GA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $266.60M
- P/E
- 90.00
- Fwd P/E
- 45.90
- PEG
- 0.16
- P/S
- 4.96
- P/B
- 1.13
- EV/EBITDA
- 10.01
- Div Yield
- 0.00%
- Gross Margin
- 79.77%
- Op Margin
- 6.58%
- Net Margin
- 10.66%
- ROE
- 2.43%
- ROIC
- 1.40%
Latest fiscal year · YoY change
- Revenue
- $51.13M+3.5%
- Gross Profit
- $30.20M-29.6%
- Op Income
- $-820,056
- Net Income
- $-3,537,641+97.3%
- EPS
- $-0.06+95.1%
- OCF Growth
- +114.7%
- FCF Growth
- +89.6%
- 52W High
- $2.67
- 52W Low
- $1.37
- 50D MA
- $2.23
- 200D MA
- $2.00
- Beta
- 1.02
- RSI (14)
- 53
- Avg Volume
- 793.08K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Outdoor Holding posted a strong first quarter with 22.1% revenue growth, sharply higher profitability and positive operating cash flow, while management said the business is now operating from a leaner, more stable base.· August 10, 2026
- Net revenues rose 22.1% to $14.5 million, GMV increased 18.1% to $223.7 million, and adjusted EBITDA jumped 152% to $7.9 million.
- Net income from continuing operations improved from a $5.9 million loss to income of $3.6 million; diluted EPS was $0.02 versus a $0.06 loss last year.
- Gross margin was 84.5% versus 87.2% a year ago, with the decline tied mainly to launch and implementation costs for FFL transfer services.
- Operating expenses fell 45% to $8.9 million as litigation, investigation and restructuring-related costs rolled off.
- Management said Virginia pulled some demand forward, but excluding Virginia GMV still rose about $23 million year over year, and they expect FFL transfer revenue to remain meaningful going forward.
Net revenues were $14.5 million, up 22.1% from $11.9 million last year. GMV increased 18.1% to $223.7 million, average order value rose $33 to $477, conversion improved to 1.76%, and first-party engaged sessions grew 2.9%. Gross profit was $12.2 million, up 18.5%, while gross margin was 84.5% compared with 87.2% last year. Net income from continuing operations was $3.6 million versus a $5.9 million loss, and net income to common shareholders was $2.8 million, or $0.02 per diluted share, versus a $0.06 loss. Adjusted EBITDA was $7.9 million versus $3.1 million a year ago, and operating cash flow was positive $4.4 million versus a $6.7 million use of cash. For the quarter, take rate was 6.47% versus 6.26%, with FFL fees contributing 39 basis points; legacy take rate was 6.08%. Operating expenses were $8.9 million, down from $16.3 million. Cash increased by $0.7 million to $68.8 million after $2 million of share repurchases, $0.8 million in preferred dividends and a $1 million related-party note payment. Management did not provide formal forward revenue or EPS guidance, but said FFL transfer services should continue to provide meaningful revenue and profitability, margin should stabilize above 85% as implementation costs roll off, and the company will keep investing in AI, universal payments and other platform enhancements while remaining opportunistic on buybacks.
Steve Urvan framed the quarter as evidence that the company has moved beyond stabilization and into a phase of continuous improvement and disciplined growth. He emphasized that the business is becoming more productive through better conversion, higher average order value, new monetization layers like FFL transfers, and technology initiatives including AI tools and universal payments. His tone was confident but measured, repeatedly noting that the company is not extrapolating one quarter and that some demand, especially in Virginia, was pulled forward.
Paul Kasowski highlighted the mechanics behind the quarter: $14.5 million of revenue, $12.2 million of gross profit, 84.5% gross margin, $8.9 million of operating expenses, and $7.9 million of adjusted EBITDA. He said revenue growth came mainly from higher marketplace volume and $0.9 million of FFL transfer fees, while margins were pressured by early implementation costs for the new service that are not expected to recur. He also pointed to stronger cash generation, with $4.4 million of operating cash flow and cash rising to $68.8 million despite buybacks, preferred dividends and the note payment, and noted that $12 million remains under the $15 million repurchase authorization.
Analysts focused on the outlook for FFL transfer revenue, NFA item demand, near-term marketplace trends after the Virginia pull-forward, and the rollout of AI initiatives. Management said FFL revenue will move with firearm transaction counts, implementation costs have largely ended, and the service should now generate meaningful revenue and profitability; they also said FFL contributed 39 basis points to take rate. On NFA items, Paul said they were up quite a bit quarter over quarter, and on July trends management said the business saw the expected summer slowdown plus some Virginia-related normalization, while confirming that the customer service AI tool is now live, though too early to measure its impact.
The positive case from this call is that the core marketplace appears to be growing on more durable drivers than just Virginia, with improved conversion, AOV, and firearm unit sales outpacing adjusted NICS. Management also showed that the business can now convert growth into cash, with adjusted EBITDA reaching $7.9 million, operating cash flow turning positive, and the balance sheet strengthening to $68.8 million in cash.
The main risks are that some of the quarter’s growth was pulled forward by Virginia legislation, summer seasonality slowed July, and management does not expect the same Virginia demand effect to repeat in the second quarter. Gross margin also fell to 84.5% because of FFL implementation costs, and management acknowledged that new services may carry lower margins even if they are profitable overall.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 74.3%
- Shares Outstanding
- 116.16M
- Float Shares
- 86.27M
of shares held by institutions
134 13F filers
Buy/sell ratio 2.67. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 5.53M | ▲ 168.62K |
| Two Sigma Advisers, LP | 121.10K | ▲ 75.90K |
| Avantax Advisory Services, Inc. | 71.19K | ▼ 225 |
| Watts Gwilliam & Co., LLC | 40.18K | 0 |
| Cannell Capital LLC | 35.31K | ▲ 35.31K |
| Beacon Pointe Advisors, LLC | 24.00K | 0 |
| Cubist Systematic Strategies, LLC | 11.28K | ▲ 11.28K |
| Cwm, LLC | 9.33K | ▲ 8.19K |
| California State Teachers Retirement System | 5.85K | ▲ 518 |
| Sunbelt Securities, Inc. | 12 | ▲ 12 |
Held by 89 ETFs
Biggest fund positions in POWW by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 17, 26 | Tsentas Christos George | other | 15,000 |
| Aug 17, 26 | Akhavan Houman | other | 15,000 |
| Aug 17, 26 | Urvan Steven F. | other | 0 |
| Aug 17, 26 | Urvan Steven F. | other | 15,000 |
| Aug 17, 26 | Urvan Steven F. | other | 4,448 |
| Aug 17, 26 | Christensen Jordan | other | 45,000 |
| Aug 17, 26 | Christensen Jordan | other | 12,577 |
| Aug 17, 26 | WALKER WAYNE REMELL | other | 15,000 |
| Aug 17, 26 | Douglas David J. | other | 15,000 |
| Aug 17, 26 | Kasowski Paul Joseph | other | 25,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our POWW coverage
Recent articles, reports, and earnings notes.
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Outdoor Holding Company Announces Preferred Stock Dividend
globenewswire.com · Aug 13
Outdoor Holding Company (POWW) Q1 2027 Earnings Call Transcript
seekingalpha.com · Aug 10
Outdoor Q1 Earnings Call Highlights
marketbeat.com · Aug 10
Outdoor Holding Company (POWW) Q1 Earnings and Revenues Surpass Estimates
zacks.com · Aug 10
Outdoor Holding Company Reports First Quarter Fiscal 2027 Financial Results
globenewswire.com · Aug 10
New Defense-Themed ETF AMMO Joins VistaShares' Trio of Thematic Funds
247wallst.com · Jul 22
Outdoor Holding: Operational MOAT Leads To EBITDA Growth
seekingalpha.com · Jul 22
OUTDOOR HOLDING COMPANY TO CONDUCT FIRST QUARTER EARNINGS CALL ON AUGUST 10, 2026 AT 9:00 AM ET
globenewswire.com · Jul 20
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
