10-Q Filing

American Outdoor Brands, Inc. CIK: 1808997 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-047004`
Period End Date	20230731
Filing Date	20230907
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	aout-20230731_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 36 Cash Flow Statement 59 Stockholders Equity 19

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$125.00K	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$131.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.95M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $131 on July 31, 2023 and $125 on April 30, 2023	`AccountsReceivableNetCurrent`	$23.57M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $131 on July 31, 2023 and $125 on April 30, 2023	`AccountsReceivableNetCurrent`	$26.85M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$99.73M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$104.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.84M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.21M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.25M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$156.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$157.62M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.54M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.45M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$9.10M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.06M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$9.49M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.23M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	1.21M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$49.23M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$52.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	1.48M	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.20M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$23.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$260.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$579.00K	USD	Point-in-time
Total assets	`Assets`	$243.59M	USD	Point-in-time
Total assets	`Assets`	$239.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.74M	USD	Point-in-time
Accrued payroll and incentives	`EmployeeRelatedLiabilitiesCurrent`	$1.81M	USD	Point-in-time
Accrued payroll and incentives	`EmployeeRelatedLiabilitiesCurrent`	$2.87M	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$918.00K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$904.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.00M	USD	Point-in-time
Notes and loans payable	`LongTermNotesAndLoans`	$4.62M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$23.83M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$24.06M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$34.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$18.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$51.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.03M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`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, 14,542,812 shares issued and 13,060,823 shares outstanding on July 31, 2023 and 14,447,149 shares issued and 13,233,151 outstanding on April 30, 2023	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,542,812 shares issued and 13,060,823 shares outstanding on July 31, 2023 and 14,447,149 shares issued and 13,233,151 outstanding on April 30, 2023	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$272.78M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$273.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-62.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-66.49M	USD	Point-in-time
Treasury stock, at cost (1,481,989 shares on July 31, 2023 and 1,213,998 shares on April 30, 2023)	`TreasuryStockValue`	$20.83M	USD	Point-in-time
Treasury stock, at cost (1,481,989 shares on July 31, 2023 and 1,213,998 shares on April 30, 2023)	`TreasuryStockValue`	$18.56M	USD	Point-in-time
Total equity	`StockholdersEquity`	$191.86M	USD	Point-in-time
Total equity	`StockholdersEquity`	$186.12M	USD	Point-in-time
Total equity	`StockholdersEquity`	$203.03M	USD	Point-in-time
Total equity	`StockholdersEquity`	$197.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$243.59M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$239.15M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.68M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.45M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$24.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$23.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	1 Quarter
Selling, marketing, and distribution	`SellingAndMarketingExpense`	$12.05M	USD	1 Quarter
Selling, marketing, and distribution	`SellingAndMarketingExpense`	$11.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.08M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.56M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$39.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$241.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-186.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-12.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$55.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$27.00K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.51M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.06M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$55.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$189.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.11M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.42	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.19M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.19M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.97M	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$7.00K	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$6.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$932.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$714.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.27M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.95M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.04M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.18M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$78.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.26M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$159.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$41.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.12M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$277.00K	USD	1 Quarter
Accrued payroll, incentives, and profit sharing	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.06M	USD	1 Quarter
Accrued payroll, incentives, and profit sharing	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$17.00K	USD	1 Quarter
Right of use assets	`IncreaseDecreaseInRightOfUseAssets`	$-426.00K	USD	1 Quarter
Right of use assets	`IncreaseDecreaseInRightOfUseAssets`	$-297.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.78M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.06M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$33.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-34.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-233.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-481.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-16.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.07M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.17M	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$267.00K	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$1.39M	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$569.00K	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`	$-836.00K	USD	1 Quarter
Payments on notes and loans payable	`RepaymentsOfLongTermDebt`	$5.17M	USD	1 Quarter
Payments on notes and loans payable	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Payments to acquire treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.27M	USD	1 Quarter
Cash paid for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$88.00K	USD	1 Quarter
Payment of employee withholding tax related to restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$300.00K	USD	1 Quarter
Payment of employee withholding tax related to restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$252.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.51M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.57M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.24M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.05M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$19.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.95M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.71M	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`	$19.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.95M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.71M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$17.47M	USD	Point-in-time
Interest	`InterestPaidNet`	$161.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$117.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$13.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$32.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$191.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$186.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$203.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$197.80M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.06M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.23M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-5.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.11M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$932.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$714.00K	USD	1 Quarter
Issuance of common stock under restricted stock unit awards, net of tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$300.00K	USD	1 Quarter
Issuance of common stock under restricted stock unit awards, net of tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$252.00K	USD	1 Quarter
Repurchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.27M	USD	1 Quarter
Balance	`StockholdersEquity`	$191.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$186.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$203.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$197.80M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.06M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	13.23M	shares	Point-in-time

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