American Outdoor Brands, whose main asset is Smith & Wesson, suffered a 10.9 percent decline in total revenues to $123.7 million in the first quarter ended on July 31. Disappointing financial analysts, the group had a net loss of $2.1 million for the period, compared with net income of $7.6 million in the year-ago period, although the gross margin improved to 38.7 percent from 37.8 percent.
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