Tue, May 20, 8:39 PM (31 days ago)
**Outdoor Holding Company (POWW) Q2 2024 Financial Summary** **Financial Health and Performance:** - **Revenue:** $31.4 million (Q2 2024) vs. $34.4 million (Q2 2023), an 8.6% decrease. - **Gross Profit:** $7.2 million (Q2 2024) vs. $8.3 million (Q2 2023). - **Operating Expenses:** $19.7 million (Q2 2024) vs. $17.3 million (Q2 2023), a 13.8% increase. - **Net Loss:** $12.4 million (Q2 2024) vs. $7.7 million (Q2 2023). - **Cash and Cash Equivalents:** $33.5 million (Q2 2024) vs. $55.6 million (Q1 2024). **Profit Margins:** - **Gross Margin:** 23.0% (Q2 2024) vs. 24.1% (Q2 2023). - **Operating Margin:** -39.7% (Q2 2024) vs. -26.2% (Q2 2023). **Cash Flow:** - **Operating Cash Flow:** -$9.9 million (Q2 2024) vs. $18.2 million (Q2 2023). - **Investing Cash Flow:** -$2.8 million (Q2 2024) vs. -$2.6 million (Q2 2023). - **Financing Cash Flow:** -$9.3 million (Q2 2024) vs. -$5.6 million (Q2 2023). **Earnings Changes:** - **EPS (Basic):** -$0.11 (Q2 2024) vs. -$0.07 (Q2 2023). - **EPS (Diluted):** -$0.11 (Q2 2024) vs. -$0.07 (Q2 2023). **Quarterly Performance Discussion:** - **Revenue Decline:** Due to decreased market demand and changes in sales mix. - **Operating Expenses Increase:** Primarily due to legal fees and professional services. - **Cash Flow Decrease:** Due to increased operating expenses and investments in manufacturing. **Trends and Uncertainties:** - **Market Demand:** Fluctuations in market demand for ammunition and casings. - **Legal and Regulatory:** Ongoing litigation and regulatory uncertainties. - **Operational:** Focus on higher margin products and cost management. **Future Operations Impact:** - **Strategic Shift:** Focus on higher margin brass casing production and sales. - **Cost Management:** Efforts to reduce operating expenses and improve efficiency. - **Legal and Regulatory:** Continued vigilance in managing legal and regulatory risks.