Outdoor Holding Company (NASDAQ: POWW) Q4 Earnings: Revenue Beat, Narrower Losses, and Cost Discipline

• Outdoor Holding Company reported quarterly revenue of $13.89 million, beating analyst expectations.
• The company narrowed its net loss attributable to common shareholders to $1.48 million, compared with a $78.28 million loss in the prior-year period.
• While total loss per share was $0.01, loss from continuing operations was $0.03 per share, which missed the analyst consensus estimate of a $0.01 loss.
• Outdoor Holding Company maintains a strong liquidity position, supported by $68.1 million in cash and cash equivalents at fiscal year-end.

Outdoor Holding Company (NASDAQ: POWW) is the publicly traded parent and operator of GunBroker.com, a major online marketplace focused on firearms, hunting, shooting, and related products. Following the sale of its ammunition business in April 2025, the company’s ongoing business is centered on its online marketplace platform. On June 22, 2026, Outdoor Holding Company reported financial results for its fiscal fourth quarter and full year ended March 31, 2026.

The company reported quarterly revenue of $13.89 million, above the analyst consensus estimate of $12.70 million. Revenue increased 10.1% from $12.61 million in the same quarter last year. Gross profit also improved to $12.16 million, while gross margin remained high at 87.6%.

However, the earnings result was mixed. Outdoor Holding Company reported a total loss per share of $0.01, but its loss from continuing operations was $0.03 per share. Benzinga reported that this missed the analyst consensus estimate of a $0.01 loss, and the stock fell more than 2% following the announcement. This reaction suggests investors focused not only on the revenue beat, but also on the continuing-operations loss and near-term profitability questions.

The most notable improvement came from lower operating expenses. Total operating expenses fell to $15.12 million from $37.97 million in the prior-year quarter. This helped narrow the loss from continuing operations to $2.72 million, compared with a $26.96 million loss a year earlier. Net loss attributable to common shareholders also improved significantly, falling to $1.48 million from $78.28 million.

Outdoor Holding Company also reported adjusted EBITDA of $7.7 million, up from $2.9 million in the same period last year. The company said gross merchandise value increased year-over-year to approximately $229 million, reflecting continued activity on the GunBroker.com marketplace.

From a balance sheet perspective, Outdoor Holding Company appears to have meaningful financial flexibility. The company ended the fiscal year with $68.1 million in cash and cash equivalents, up from $30.2 million at the end of fiscal 2025. Management said this liquidity supports platform investment, selective strategic opportunities, and the company’s share repurchase program.

Overall, Outdoor Holding Company’s Q4 results show a business that is improving operationally, with stronger revenue, lower expenses, and a much narrower loss than last year. Still, the EPS miss from continuing operations and the negative market reaction show that investors may want to see more consistent profitability before becoming more confident in the stock.