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

Grabagun Digital (NYSE:PEW) issued its earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02, FiscalAI reports. The company had revenue of $25.93 million during 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 Down 5.5%

NYSE PEW traded down $0.18 on Wednesday, hitting $3.11. The stock had a trading volume of 500,287 shares, compared to its average volume of 281,216. Grabagun Digital has a one year low of $2.55 and a one year high of $21.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.69 and a current ratio of 7.19. The stock has a market cap of $91.43 million, a PE ratio of -28.27 and a beta of -0.08. The firm’s 50-day simple moving average is $2.97.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEW. Wall Street Zen upgraded shares of Grabagun Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings began coverage on shares of Grabagun Digital in a research report on Monday, March 16th. They set a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Grabagun Digital news, CEO Marc A. Nemati sold 10,016 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $2.82, for a total value of $28,245.12. Following the completion of the transaction, the chief executive officer owned 2,523,317 shares in the company, valued at approximately $7,115,753.94. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 28,209 shares of company stock valued at $80,856.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Grabagun Digital in the 4th quarter worth about $279,000. XTX Topco Ltd grew 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 purchasing an additional 41,335 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in Grabagun Digital in the 4th quarter worth about $150,000. United Asset Strategies Inc. bought a new position in Grabagun Digital in the 1st quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Grabagun Digital in the 4th quarter worth about $43,000. Institutional investors own 4.80% of the company’s stock.

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.