Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock

POWWP

Aerospace & Defense · Industrials

Price

$24.41

-0.01 (-0.03%)

Market Cap

$249.8M

Exchange

NASDAQ Capital Market

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+2.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 114.2M (2022) → 117.1M (2026)

Outdoor Holding Company (ticker root: POWW) is the parent of Ammo, Inc., a U.S.-based manufacturer of ammunition and related products. The company makes rifle, pistol, and shotgun cartridges sold to civilian shooters, law enforcement agencies, and military customers. It also owns GunBroker.com, one of the largest online marketplaces for buying and selling firearms and ammunition in the United States.

The company earns money two ways: selling physical ammunition and collecting fees from transactions on the GunBroker marketplace platform. The marketplace business carries very high gross margins, which explains the 80%+ gross margin figure, while the manufacturing side is more capital-intensive. Operations are primarily U.S.-focused. The preferred stock (POWWP) pays a fixed 8.75% annual dividend and sits ahead of common shareholders in the capital structure. The main risk is that the company is currently operating at a loss, and demand for ammunition can swing sharply depending on political climate, regulatory changes, and consumer sentiment around gun ownership.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+132.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+98.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

26.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$68M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock grew revenue 133% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

87.6%

Premium pricing power — 87.6% gross margin

Operating Margin

-21.3%

Losing money on operations — -21.3%

ROCE

-1.2%

Weak — -1.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+66.4%

Fast-growing sales (+66.4% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-2.7%

Burning cash (-2.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.04

Conservative — low debt load (0.04)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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