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

Grabagun Digital (NYSE:PEW) posted its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03, FiscalAI reports. The company 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 Price Performance

Shares of PEW traded down $0.12 during mid-day trading on Friday, reaching $2.58. 729,429 shares of the company’s stock were exchanged, compared to its average volume of 569,510. The stock’s fifty day simple moving average is $2.55. The stock has a market cap of $75.85 million, a PE ratio of -15.19 and a beta of -0.07. Grabagun Digital has a 52-week low of $2.24 and a 52-week high of $6.76. The company has a quick ratio of 6.37, a current ratio of 6.91 and a debt-to-equity ratio of 0.07.

Institutional Trading of Grabagun Digital

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in Grabagun Digital in the fourth quarter valued at $279,000. Renaissance Technologies LLC acquired a new stake in shares of Grabagun Digital during the first quarter worth about $135,000. XTX Topco Ltd boosted its stake in shares of Grabagun Digital by 195.7% during the fourth quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock worth $188,000 after buying an additional 41,335 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Grabagun Digital during the fourth quarter worth about $32,000. Finally, Bridgeway Capital Management LLC acquired a new position in Grabagun Digital in the 4th quarter valued at about $150,000. Institutional investors and hedge funds own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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