American Outdoor Brands, Inc. (AOUT) CEO Brian Murphy on Q3 2022 Results – Earnings Call Transcript

American Outdoor Brands, Inc. (NASDAQ:AOUT) Q3 2022 Earnings Conference Call March 10, 2022 5:00 PM ET

Company Participants

Liz Sharp – VP, IR

Brian Murphy – President and CEO

Andrew Fulmer – CFO

Conference Call Participants

Ryan Meyers – Lake Street Capital Markets

Scott Stember – CL King

Operator

Good day everyone, and welcome to American Outdoor Brands Inc. Third Quarter Fiscal 2022 Financial Results Conference Call. This call is being recorded.

At this time, I would like to turn the call over to Liz Sharp, Vice President of Investor Relations for some information about today’s call. Please go ahead.

Liz Sharp

Thank you, and good afternoon. Our comments today may contain predictions, estimates and other forward-looking statements. Our use of words like anticipate, project, estimate, expect, intend, should, indicate, suggest, believe and other similar expressions is intended to identify those forward-looking statements. Forward-looking statements also include statements regarding our product development, focus, objectives, strategies and vision; our strategic evolution; our market share and market demand for our products; market and inventory conditions related to our products and in our industry in general; and growth opportunities and trends.

Our forward-looking statements represent our current judgment about the future, and they are subject to various risks and uncertainties. Risk factors and other considerations that could cause our actual results to be materially different are described in our securities filings. You can find those documents as well as a replay of this call on our website at aob.com.

Today’s call contains time-sensitive information that is accurate only as of this time, and we assume no obligation to update any forward-looking statements. Our actual results could differ materially from our statements today.

I have a few important items to note about our comments on today’s call. First, we reference certain non-GAAP financial measures.

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Robert Kraft’s Boston Uprising Merges With Oxygen Esports, Enters ‘Call Of Duty’ League

Boston Uprising, the Overwatch League staff owned by Kraft Sporting activities and Entertainment, has merged with Oxygen Esports and ideas to enter the Simply call of Duty League in 2022 as the 12th workforce in the competitors. 

The news comes along with the announcement of a new $20 million spherical of funding for Oxygen Esports led by Banner Ventures. Notable athletics stars with ties to the Boston region have invested in this spherical such as the likes of Danny Ainge and Rob Gronkowski. 

“The Kraft loved ones could not be additional enthusiastic to broaden their exposure to esports.” claimed Kraft family members spokesperson Stacey James. “By combining the Boston Rebellion with Oxygen Esports, and the announcement of a Boston Simply call of Duty franchise, New England will be a highly effective player in competitive gaming. With Oxygen working as the operator and their multitude of new titles and leagues, they are shaping the long run of esports for all New England gaming supporters.”

The merger now implies that Kraft Sports and Enjoyment has groups in each of Activision Blizzard’s top rated esports leagues, which pioneered the franchise design and received classic athletics crew proprietors to make investments in esports. 

“We are ecstatic to welcome the Kraft’s and all our new cash associates to the OXG family members and imagine that alongside one another we are positioned to dominate the New England gaming current market,” discussed OXG’s CEO Murphy Vandervelde. “Combining the sporting activities, stay party and organization acumen of these set up partners, OXG’s notable esports working practical experience and numerous distinctive league functioning agreements, we have right away developed a chief in the worldwide esports marketplace.”

Unconfirmed reports from Sporting activities Small

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