10-Q Filing

American Outdoor Brands, Inc. CIK: 1808997 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-018247`
Period End Date	20220731
Filing Date	20220908
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	aout-20220731_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 36 Cash Flow Statement 62 Stockholders Equity 19

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$137.00K	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$129.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.47M	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $137 on July 31, 2022 and $129 on April 30, 2022	`AccountsReceivableNetCurrent`	$23.92M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $137 on July 31, 2022 and $129 on April 30, 2022	`AccountsReceivableNetCurrent`	$28.88M	USD	Point-in-time
Inventories	`InventoryNet`	$121.68M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$120.64M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.75M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.07M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$173.85M	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	14.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$179.81M	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	14.24M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.45M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$10.36M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$10.62M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.40M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$63.19M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	836,964.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	836,964.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$60.67M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$25.42M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$23.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$336.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$369.00K	USD	Point-in-time
Total assets	`Assets`	$277.84M	USD	Point-in-time
Total assets	`Assets`	$270.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.56M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.63M	USD	Point-in-time
Accrued payroll and incentives	`EmployeeRelatedLiabilitiesCurrent`	$2.98M	USD	Point-in-time
Accrued payroll and incentives	`EmployeeRelatedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$1.62M	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$1.80M	USD	Point-in-time
Accrued profit sharing	`DeferredCompensationCashBasedArrangementsLiabilityCurrent`	$998.00K	USD	Point-in-time
Accrued profit sharing	`DeferredCompensationCashBasedArrangementsLiabilityCurrent`	$820.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.00M	USD	Point-in-time
Notes and loans payable, net of current portion	`LongTermNotesAndLoans`	$19.55M	USD	Point-in-time
Notes and loans payable, net of current portion	`LongTermNotesAndLoans`	$24.70M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$24.74M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$23.08M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$31.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$31.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$72.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$74.81M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,291,791 shares issued and 13,454,827 shares outstanding on July 31, 2022 and 14,240,290 shares issued and 19,403,326 outstanding on April 30, 2022	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,291,791 shares issued and 13,454,827 shares outstanding on July 31, 2022 and 14,240,290 shares issued and 19,403,326 outstanding on April 30, 2022	`CommonStockValue`	$14.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$268.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$268.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-50.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-56.05M	USD	Point-in-time
Treasury stock, at cost (836,964 shares on July 31, 2022 and April 30, 2022)	`TreasuryStockValue`	$15.03M	USD	Point-in-time
Treasury stock, at cost (836,964 shares on July 31, 2022 and April 30, 2022)	`TreasuryStockValue`	$15.03M	USD	Point-in-time
Total equity	`StockholdersEquity`	$279.90M	USD	Point-in-time
Total equity	`StockholdersEquity`	$197.80M	USD	Point-in-time
Total equity	`StockholdersEquity`	$283.81M	USD	Point-in-time
Total equity	`StockholdersEquity`	$203.03M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$270.67M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$277.84M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$60.77M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$24.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$31.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.52M	USD	1 Quarter
Selling, marketing, and distribution	`SellingAndMarketingExpense`	$11.78M	USD	1 Quarter
Selling, marketing, and distribution	`SellingAndMarketingExpense`	$13.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.60M	USD	1 Quarter
Operating (loss)/income	`OperatingIncomeLoss`	$4.22M	USD	1 Quarter
Operating (loss)/income	`OperatingIncomeLoss`	$-5.56M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$129.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$241.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-46.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-186.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$83.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$55.00K	USD	1 Quarter
(Loss)/income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.31M	USD	1 Quarter
(Loss)/income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$849.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$189.00K	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$-5.70M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$3.46M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.42	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.30M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (loss)/income	`ProfitLoss`	$3.46M	USD	1 Quarter
Net (loss)/income	`ProfitLoss`	$-5.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.16M	USD	1 Quarter
Loss on sale/disposition of assets	`GainLossOnDispositionOfAssets1`	$-127.00K	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$7.00K	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$23.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-110.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$714.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$752.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.94M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.95M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.04M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.92M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.26M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$869.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$159.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$277.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.23M	USD	1 Quarter
Accrued payroll and incentives	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.53M	USD	1 Quarter
Accrued payroll and incentives	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$195.00K	USD	1 Quarter
Right of use assets	`IncreaseDecreaseInRightOfUseAssets`	$-403.00K	USD	1 Quarter
Right of use assets	`IncreaseDecreaseInRightOfUseAssets`	$-426.00K	USD	1 Quarter
Accrued profit sharing	`IncreaseDecreaseInAccruedProfitSharing`	$-178.00K	USD	1 Quarter
Accrued profit sharing	`IncreaseDecreaseInAccruedProfitSharing`	$248.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.78M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.48M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-39.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$33.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-443.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-481.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-151.00K	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.17M	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.07M	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$449.00K	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$1.39M	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$537.00K	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$218.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.61M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-986.00K	USD	1 Quarter
Payments on notes and loans payable	`RepaymentsOfLongTermDebt`	$5.17M	USD	1 Quarter
Cash paid for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$88.00K	USD	1 Quarter
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.00K	USD	1 Quarter
Payment of employee withholding tax related to restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$252.00K	USD	1 Quarter
Payment of employee withholding tax related to restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$312.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-307.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.51M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.46M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.05M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.34M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$60.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.34M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$60.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.47M	USD	Point-in-time
Interest	`InterestPaidNet`	$38.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$161.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$32.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$85.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$279.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$197.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$283.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$203.03M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.45M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.40M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-5.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.46M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$752.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$714.00K	USD	1 Quarter
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.00K	USD	1 Quarter
Issuance of common stock under restricted stock unit awards, net of tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$312.00K	USD	1 Quarter
Issuance of common stock under restricted stock unit awards, net of tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$252.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$279.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$197.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$283.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$203.03M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.45M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.40M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.