The mobile-focused gun e-tailer’s net income dropped 80% to $0.4 million in the final quarter ended Jan. 31, from $2.0 million, despite revenues up 14% to $29,624,000 from $25,957,000. The loss was driven to $3.2 million in stock-based compensation expenses and other fees related to the company going public. Firearm sales were up 19% in the quarter to $25.7 million, outperforming the broader gun industry. Gross margin grew 290 basis points to 15.9%, while total operating expenses were up ... Log in to view full article.