Significant Revenue Growth
Net revenue for Q2 2025 was $28.5 million, a 41% increase from Q2 2024. This growth was driven by the launch of the Compact Launcher and increased dealer and chain store sales.
Strong Direct-to-Consumer and Dealer Sales
Direct-to-consumer revenues increased by $2.2 million, and sales to dealers increased by $3.9 million or 106%, largely driven by initial stocking orders for Sportsman's Warehouse.
Positive Net Income and Profitability
Net income for Q2 2025 was $2.4 million compared to $2.1 million for Q2 2024. Adjusted EBITDA totaled $4.3 million compared to $2.8 million for Q2 2024.
International Sales Growth
International sales reached $2.6 million, marking an 86% increase from the prior year period, including a notable bump in royalties from Latin America.
Expansion of Retail Footprint
The company plans to expand to 140 Sportsman's Warehouse locations by year-end, with additional interest from chains like Big 5 Sporting Goods and SCHEELS.
Improved Production Efficiency
Shifted to a more efficient assembly pod-based manufacturing system, reducing labor requirements and improving quality.
Successful Company-Owned Stores
Company-owned stores in Scottsdale, Nashville, and Fort Wayne are already profitable, with combined average sales of $69,000 in May.