Grabagun Digital (NYSE:PEW) Issues Earnings Results, Beats Estimates By $0.03 EPS

Grabagun Digital (NYSE:PEW) announced its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03, FiscalAI reports. Grabagun Digital had a negative net margin of 6.42% and a negative return on equity of 6.10%. The business had revenue of $23.22 million for the quarter.

Here are the key takeaways from Grabagun Digital’s conference call:

• Second-quarter revenue rose 9.4% year over year to $23.2 million, led by 8.5% growth in firearm sales and higher average order values, including a mix shift toward higher-priced products.
• Gross margin expanded to 13.5% from 10.6% a year ago, while gross profit increased 39%, supported by AI-driven pricing optimization, product mix, sourcing improvements, and early PEW Logistics contributions.
• PEW Logistics processed more than $1.9 million in GMV through the second quarter and added Backwoods Suppressors as its third manufacturer; management sees the asset-light platform as a potential source of revenue diversification and longer-term margin expansion.
• Operating expenses increased to $5.7 million from $1.5 million, resulting in a $1.8 million net loss and a $1.7 million adjusted EBITDA loss versus year-ago profit, due largely to public-company costs and investments in growth initiatives.
• The company ended the quarter with $97.5 million in cash and minimal debt, but reduced accounts payable caused quarter-end cash to decline; management characterized the working-capital impact as timing-related. Co-Founder and CFO Justin was also announced as retiring, with Jonathan Terry, formerly of YETI, named as his successor.

Grabagun Digital Stock Performance

Shares of Grabagun Digital stock traded down $0.15 during midday trading on Friday, hitting $2.55. 838,006 shares of the company traded hands, compared to its average volume of 299,825. The business has a fifty day simple moving average of $2.55. The stock has a market capitalization of $75.09 million, a PE ratio of -11.10 and a beta of -0.07. Grabagun Digital has a 12 month low of $2.24 and a 12 month high of $6.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.37 and a current ratio of 6.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PEW. Quadrature Capital Ltd acquired a new stake in shares of Grabagun Digital during the 4th quarter valued at $279,000. XTX Topco Ltd increased its holdings in Grabagun Digital by 195.7% in the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock worth $188,000 after purchasing an additional 41,335 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in Grabagun Digital in the 4th quarter worth about $150,000. Engineers Gate Manager LP bought a new position in Grabagun Digital in the fourth quarter valued at about $32,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Grabagun Digital during the first quarter valued at about $135,000. 4.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grabagun Digital in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Grabagun Digital presently has a consensus rating of “Sell”.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.