Outdoor Holding Company reported Q3 2024 results for POWWP (875 Series A Cumulative Redeemable Perpetual Preferred Stock) with revenue of $36.0 million and gross profit of $10.9 million, achieving a gross margin of approximately 30.3%. The quarter recorded an operating loss of $2.58 million and a net loss of $1.64 million, but delivered meaningful operating cash flow of $10.17 million and a free cash flow of $7.22 million. EBITDA stood at $2.84 million, underscoring earnings resilience despite negative operating income driven by amortization and related costs. The balance sheet shows a sizable asset base, led by substantial intangibles and goodwill, and a robust liquidity position with cash and equivalents of roughly $54.68 million and net debt of about -$41.24 million, reflecting substantial cash versus debt at quarter-end.
YoY revenue declined by 6.99% while QoQ revenue rose 4.75%, indicating modest near-term demand stabilization but ongoing profitability headwinds. The company’s quarterly performance is dominated by heavy non-cash charges (depreciation & amortization) and interest expense, which compress operating income and net income even as cash generation remains strong. With current assets of about $129.0 million and current liabilities of $26.6 million, the liquidity profile is substantial (current ratio ~4.85, quick ratio ~3.00).
Management commentary is not available in the provided transcript, limiting the ability to quote point-in-time guidance or strategic remarks. Nevertheless, the quarter reinforces a mostly balance-sheet-driven strength: substantial cash reserves, limited leverage, and a sizable equity base supported by intangibles. Investors should monitor revenue trajectory, margin progression, and any shifts in regulatory or competitive dynamics affecting the online firearms marketplace ecosystem that underpins Outdoor Holding’s cash-generating engines.