Sep. 2 at 7:31 PM
$POWW A year ago, Steve Urvan gave
$POWW shareholders a clear benchmark:
$25M Adjusted EBITDA run rate within 18 months — even assuming relatively flat revenue.
At the time, Q1 Adj. EBITDA was just
$3.1M (~
$12.4M annualized).
One year later:
• FY26 Adj. EBITDA:
$22.3M
• Q4:
$7.7M
• Q1 FY27:
$7.9M
• Current annualized pace: ~
$31.6M
The
$25M target wasn’t just reached — it was reached well ahead of schedule, with the latest quarter materially above it.
And remember the key phrase: “even assuming relatively flat revenue.”
The thesis was that restructuring, lower overhead and GunBroker’s asset-light model could unlock far more EBITDA from the existing business. We’re now seeing that play out while new monetization and growth initiatives are still being developed.
A year ago, the question was whether
$25M was realistic.
Be patient yall. Trust me I can’t wait to sell this- but when I do it will be for a fat pocket!
