The company’s fiscal fourth quarter, which concluded March 31, reflects the impact of recent cost-cutting measures and the resolution of lingering legal disputes. Chief Executive Steve Urvan credited these internal refinements alongside strategic investments in GunBroker.com, the company’s online hub for firearms and outdoor gear.
In section Market Quotes
Outdoor Holding Trims Losses as GunBroker Platform Gains Traction
A sharp pivot in profitability saw Outdoor Holding trim its quarterly loss to $1.48 million, down from a staggering $78.3 million deficit during the same period last year. The hunting-products firm clawed back ground as revenue rose 10% to $13.9 million, fueled by a resurgence in its core digital marketplace.
Engagement across the platform remained robust, with firearm unit sales climbing 8.7% compared to the previous year. This performance bolstered the company’s total gross merchandise value, which reached approximately $229 million. Following the disclosure, shares edged up 1.9% to $2.18 in premarket activity, signaling investor confidence in the firm’s leaner operational structure.
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