Grabagun Digital (NYSE:PEW) Posts Earnings Results, Beats Expectations By $0.02 EPS

Grabagun Digital (NYSE:PEW) released its earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02, FiscalAI reports. The business had revenue of $25.93 million for the quarter.

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

• Q1 revenue rose 11.1% year over year to $25.9 million, with firearms sales up 10.5% and the company saying it continued to gain share despite a relatively flat industry backdrop.
• Customer engagement remained strong, with lifetime value up 4.2% year over year and repeat purchase behavior holding steady. Mobile was a major growth driver, contributing about 67% of traffic and 64% of revenue.
• PEW Logistics is gaining early traction, with two manufacturers now onboarded and $1.3 million in gross merchandise value processed since launch. Management said the platform carries a much higher gross margin profile than core e-commerce and could become a meaningful growth vector.
• The company ended Q1 with $106.4 million in cash and minimal debt, and it repurchased about $2.4 million of stock during the quarter. Management also said it remains disciplined on M&A and is waiting for the right accretive opportunities.
• Operating expenses increased materially to support public-company costs, growth initiatives, and the buildout of PEW Logistics, which contributed to a $2.0 million adjusted EBITDA loss and a $1.8 million net loss in the quarter.

Grabagun Digital Stock Performance

NYSE:PEW traded down $0.15 during trading hours on Friday, hitting $2.90. 186,163 shares of the company’s stock traded hands, compared to its average volume of 546,312. The stock has a fifty day moving average price of $2.97. The stock has a market cap of $85.26 million, a price-to-earnings ratio of -26.36 and a beta of -0.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.69 and a current ratio of 7.19. Grabagun Digital has a twelve month low of $2.55 and a twelve month high of $21.40.

Hedge Funds Weigh In On Grabagun Digital

Large investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC purchased a new stake in shares of Grabagun Digital in the fourth quarter worth approximately $150,000. Engineers Gate Manager LP acquired a new position in Grabagun Digital in the 4th quarter valued at approximately $32,000. Quadrature Capital Ltd acquired a new position in Grabagun Digital in the 4th quarter valued at approximately $279,000. XTX Topco Ltd lifted its position 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 buying an additional 41,335 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Grabagun Digital in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 4.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PEW shares. Wall Street Zen raised Grabagun Digital from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings began coverage on shares of Grabagun Digital in a research note on Monday, March 16th. They set a “sell (d)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Grabagun Digital currently has an average rating of “Sell”.

About Grabagun Digital

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.