American Outdoor Brands Inc. (AOUT) shares lost 9.27% in after-hours on Thursday, July 15, 2021, and closed at $32.60 per share. Earlier in the morning session, AOUT’s stock gained 5.99% to close Thursday’s session at $35.93. AOUT shares have moved up 10.08% in the past week. Over the past three months, the stock has gained 33.57%, while over the past six months, it has declined 80.92%. The company has a current market of $486.49 million and its outstanding shares stood at 14.00 million.

Let’s see why AOUT faced negativity in the after-market session and have a brief look at its recent news.

Latest financial results announcement

On July 15, 2021, American Outdoor Brands, Inc reported its financial results for the fourth quarter and full-year fiscal 2021 ended April 30, 2021.

Q4 2021 financial highlights

• American Outdoor Brands reported net sales of $64.5 million in Q4 2021 compared to 43.1 million for Q4 2020.
• The gross margin was 44.4% in Q4 2021 which was the same in Q4 2020.
• Net income was $1.2 million, or $0.09per diluted share in Q4 2021, compared with a net loss of $90.7 million, or $6.49 per diluted share, inQ4 2020.
• Adjusted EBITDA was $7.0 million in Q4 2021 compared to $3.1 million in Q4 2020.

FY2021 financial highlights

• American Outdoor Brands net sales were $276.7 million in FY 2021 compared to net sales of $167.4 million in FY 2020.
• The gross margin was 45.8% in FY 2021 compared with 42.4% in FY2020.
• The company reported a net income of $18.4 million, or $1.29per diluted share in FY 2021, compared with a net loss of $96.2 million, or $6.88 per diluted share in FY 2020.
• Adjusted EBITDA was $47.3 million in FY 2021 compared to $12.3 million in FY 2020.

New appointment

On May 4, 2021, American Outdoor Brands, Inc appointed Curtis Smith as Chief Marketing Officer. In this newly created role, Smith will lead the company’s Marketing, Brand Management, Creative, e-commerce, and Customer Service, teams.

Q3 2021 financial results announcement

OnMarch 17, 2021, American Outdoor Brands, Inc released its financial results for the third quarter fiscal 2021 ended January 31, 2021.

Q3 2021 financial highlights

• Net sales were $82.6 million in Q3 2021 compared to $43.3 million for the comparable quarter last year.
• In Q3 2021, the gross margin was 45.2% compared to 44.1% in Q3 2020.
• The company had a net income of $8.0 million, or $0.56per diluted share in Q3 2021 compared with a net loss of $147,000, or $0.01per diluted share in Q3 2020.
• Adjusted EBITDAS was $15.8 million in Q3 2021 compared to 3.4 million in Q3 2020.

Conclusion

The company announced its financial results which we have discussed above. Though the results are much better in comparison AOUT stock price declined in the after-hours which is a bit strange. Let’s see how AOUT stock ends the weekly trading on Friday?