American Outdoor Brands Files 2024 10-K
Ticker: AOUT · Form: 10-K · Filed: 2024-06-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-k, financials, risk-disclosure
TL;DR
AOB filed 2024 10-K, $12.9M assets, watch out for major customer risk.
AI Summary
American Outdoor Brands, Inc. filed its 10-K for the fiscal year ending April 30, 2024. The company reported total assets of $12,967,000. The filing details various financial aspects, including credit concentration risk with a major customer and revenue from contracts with customers. It also mentions employee stock and leasehold improvements as of April 30, 2024.
Why It Matters
This filing provides a comprehensive overview of American Outdoor Brands' financial health and operational status for the past fiscal year, impacting investor decisions.
Risk Assessment
Risk Level: medium — The filing highlights customer concentration risk with a major customer, which could impact revenue if that customer's business declines.
Key Numbers
- $12.97M — Total Assets (As of the fiscal year ended April 30, 2024.)
- 2024-04-30 — Fiscal Year End (The period covered by the 10-K filing.)
- 2023-05-01 — Fiscal Year Start (The beginning of the reporting period.)
Key Players & Entities
- American Outdoor Brands, Inc. (company) — Filer of the 10-K
- 2024-04-30 (date) — Fiscal year end
- $12,967,000 (dollar_amount) — Total assets for the fiscal year
- MajorCustomerOneMember (company) — Identified as a major customer with credit concentration risk
FAQ
What was the total revenue for American Outdoor Brands for the fiscal year ending April 30, 2024?
The provided text does not explicitly state the total revenue for the fiscal year ending April 30, 2024. It mentions 'OutdoorLifestyleNetSalesMember' for the period 2021-05-01 to 2022-04-30 but not the most recent full fiscal year.
What is the nature of the 'MajorCustomerOneMember' relationship?
The filing indicates 'MajorCustomerOneMember' is associated with 'us-gaap:CreditConcentrationRiskMember' and 'us-gaap:RevenueFromContractWithCustomerMember', suggesting a significant customer whose business could pose a concentration risk.
What were the company's reported net sales for the fiscal year ending April 30, 2023?
The filing does not provide specific net sales figures for the fiscal year ending April 30, 2023, but it does mention 'aout:OutdoorLifestyleNetSalesMember' for the 2021-2022 period.
What is the company's primary business segment as indicated by the filing?
The filing references 'aout:OutdoorLifestyleNetSalesMember', suggesting that the company's operations are related to the outdoor lifestyle market.
What was the value of 'us-gaap:CommonStockMember' as of April 30, 2024?
The filing indicates 'us-gaap:CommonStockMember' was relevant for the period 2023-05-01 to 2024-04-30, but a specific dollar value for common stock as of April 30, 2024, is not provided in the excerpt.
Filing Stats: 4,406 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-06-27 16:15:35
Key Financial Figures
- $0.001 — registered ) Common Stock, par value $0.001 per share AOUT Nasdaq Global Select
- $75 million — ailable borrowings through our existing $75 million credit facility; our expectation that
- $201.1 million — egic acquisitions. Our net sales were $201.1 million for the fiscal year ended April 30, 202
- $191.2 million — r the fiscal year ended April 30, 2024; $191.2 million for the fiscal year ended April 30, 202
- $247.5 million — e fiscal year ended April 30, 2023; and $247.5 million for the fiscal year ended April 30, 202
- $88.4 m — April 30, 2024, 2023, and 2022 totaled $88.4 million, $88.1 million, and $114.2 millio
- $88.1 m — , 2023, and 2022 totaled $88.4 million, $88.1 million, and $114.2 million, respectively
- $114.2 m — taled $88.4 million, $88.1 million, and $114.2 million, respectively. Total assets were
- $240.6 million — illion, respectively. Total assets were $240.6 million as of April 30, 2024 and $243.6 million
- $243.6 million — $240.6 million as of April 30, 2024 and $243.6 million as of April 30, 2023. Spin-Off Transa
- $7 billion — h 2022 gave us entry into the estimated $7 billion outdoor cooking industry. In addition,
Filing Documents
- aout-20240430.htm (10-K) — 2897KB
- aout-ex4_2.htm (EX-4.2) — 39KB
- aout-ex19_1.htm (EX-19.1) — 76KB
- aout-ex21_1.htm (EX-21.1) — 6KB
- aout-ex23_1.htm (EX-23.1) — 3KB
- aout-ex31_1.htm (EX-31.1) — 12KB
- aout-ex31_2.htm (EX-31.2) — 12KB
- aout-ex32_1.htm (EX-32.1) — 8KB
- aout-ex32_2.htm (EX-32.2) — 8KB
- aout-ex97_1.htm (EX-97.1) — 64KB
- img15479521_0.jpg (GRAPHIC) — 22KB
- img15479521_1.jpg (GRAPHIC) — 91KB
- img15479521_2.jpg (GRAPHIC) — 87KB
- img15479521_3.jpg (GRAPHIC) — 175KB
- img15479521_4.jpg (GRAPHIC) — 139KB
- img15479521_5.jpg (GRAPHIC) — 70KB
- img15479521_6.jpg (GRAPHIC) — 53KB
- img15479521_7.jpg (GRAPHIC) — 149KB
- 0000950170-24-078463.txt ( ) — 14247KB
- aout-20240430.xsd (EX-101.SCH) — 1568KB
- aout-20240430_htm.xml (XML) — 2404KB
BUSINESS
BUSINESS 6 ITEM 1A.
RISK FACTORS
RISK FACTORS 22 ITEM 1B. UNRESOLVED STAFF COMMENTS 43 ITEM 1C. CYBERSECURITY 43 ITEM 2.
PROPERTIES
PROPERTIES 44 ITEM 3.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 45 ITEM 4. MINE SAFETY DISCLOSURES 45 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 46 ITEM 6. RESERVED 48 ITEM 7.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 49 ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 56 ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 56 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 56 ITEM 9A.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 56 ITEM 9B. OTHER INFORMATION 57 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 57 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 58 ITEM 11.
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 58 ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 58 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 58 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 58 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 59 ITEM 16. FORM 10-K SUMMARY 60
SIGNATURES
SIGNATURES 61 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F- 1 EX-21.1 EX-23.1 EX-31.1 EX-31.2 EX-32.1 EX-32.2 Accumax, BOG, BUBBA, Caldwell, Deadshot, Deathgrip, Delta Series, E-MAX, F.A.T. Wrench, Fieldpod, Frankford Arsenal, Golden Rod, Hooyman, Imperial, Intellidropper, Lead Sled, Lockdown, Mag Charger, Old Timer, Schrade, Sharpfinger, Tipton, Grilla, Grilla Grills, Uncle Henry, ust, Wheeler, XLA Bipod, Crimson Trace, Lasergrips, Laserguard, Laserlyte, Lasersaddle, Lightguard, Rail Master, are some of the registered U.S. trademarks of our company or one of our subsidiaries. AOB Products Company, Dock and Unlock , Don't Be Outdoorsy – Be Outdoors, Engineered for the Unknown, From Niche to Known, Lockdown Puck, MEAT!, MEAT Your Maker!, Secure Your Lifestyle, The Ultimate Lifestyle, Unmatched Accuracy at the Bench and in the Field, Water to Plate, Your Land. Your Legacy, are some of the unregistered trademarks of our company or one of our subsidiaries. Trademarks licensed to us by Smith & Wesson Brands, Inc. in connection with the manufacture, distribution, marketing, advertising, promotion, merchandising, shipping, and sale of certain licensed accessory product categories include M&P, Performance Center, and Smith & Wesson, among others. This report also may contain trademarks and trade names of other companies. This report includes market and industry data that we obtained from industry publications, third-party studies and surveys, government agency sources, filings of public companies in our industry, and internal company surveys. Industry publications and surveys generally state that the information contained therein has been obtained from sources believed to be reliable. Although we believe the foregoing industry and market data to be reliable at the date of the report, this information could prove to be inaccurate as a result of a variety of matters. Statement Regarding Forward-Looking Information The statements contained in this Ann