Net income fell 50% to $18,954,000 in Q4 from $38,121,000 the year before, on 11% lower revenues of $149,224,000 down from $168,042,000, in a quarter where NSSF-adjusted NICS checks declined 5%. But sales grew sequentially from Q3, and RGR said it was encouraged by distributor sell-through of its products in the fourth quarter. Most firearms are now well-stocked through the distribution channel, but all revolvers and some rifles are still in short supply. RGR is ramping up production of those products to meet demand, in addition to expanding production of the ... Log in to view full article.