Fairmont City Council considers PODA ordinance
FAIRMONT, W.Va. (WBOY) — The Fairmont City Council convened Tuesday evening to introduce and hold the first reading of an ordinance authorizing the regulation of Private Outdoor Designated Areas (PODAs) within city limits, following in the footsteps of other nearby cities.
If adopted, PODA permits may be issued to alcohol establishments, allowing for the business to apply for a license from the West Virginia Alcohol Beverage Control Commissioner to serve alcohol that can be taken off-property, so long as the customer remains within the district.
Proposed operating hours for PODAs are Monday through Friday from 4 p.m. to 10 p.m., and Saturday and Sunday from 10 a.m. to 10 p.m. The ordinance also grants the City Manager authority to adjust operating hours as needed, with a requirement to inform the public of any changes.
'If you're, you know, going to 'The Joe' here in downtown or you're at 'Stumptown' and you grab a drink, you'll be able to get that drink in a PODA cup, it has to be in that logoed PODA cup, and they'll be able to, to go to another business establishment,' said Fairmont City Manager Travis Blosser. 'Our businesses have been asking for this, in particular 'Stumptown' and 'The Joe.''
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The ordinance outlines safety and maintenance measures, including regular patrols by at least one uniformed Fairmont Police officer. Fairmont Fire Department personnel stationed at Central Station, located within the PODA, will respond to emergencies as needed. Public Works staff will be responsible for ongoing maintenance, such as trash removal and street sweeping.
If adopted, Fairmont will join other local cities like Clarksburg and Morgantown, which have implemented PODAs of their own.
'Ours will be a little bit different in just the kind of the size. So, you'll have the access to be able to walk across the high level bridge to get to Merchant Street area to that section of the PODA, but based on kind of how our downtown is, our downtown corridor is not a traditional, just a one street downtown corridor, so our downtown expands on both the East and West Side of the river. And so, that will be a little bit different than what a lot of these other communities have had,' Blosser said.
A public hearing and second reading of the ordinance is scheduled for Tuesday, May 27, at 6 p.m. in the council chambers at the Fairmont Public Safety Building.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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All statements other than statements of historical facts contained or incorporated herein by reference in this press release, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, markets, and plans and objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "estimates," "expects," "intends," "targets," "contemplates," "projects," "predicts," "may," "might," "plan," "would," "should," "could," "may," "can," "potential," "continue," "objective," or the negative of those terms, or similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. Specific forward-looking statements in this press release include our belief in the strength of our brands and the trust and relationships with our retail partners; our belief in the strength of our product pipeline and intellectual property; our belief in the effectiveness of our long-term strategy; our confidence in our innovation capabilities, our cost discipline, and our flexible, asset-light operating model; and our confidence and belief in our strategic initiatives. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. 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AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) For the Three Months ended April 30, For the Years Ended April 30, 2025202420252024 (Unaudited) Net sales $ 61,942$ 46,299$ 222,322$ 201,099 Cost of sales36,63326,915123,058112,673 Gross profit25,30919,38499,26488,426 Operating expenses: Research and development2,2231,7857,7106,851 Selling, marketing, and distribution14,18713,11755,56355,050 General and administrative9,8529,98836,14539,022 Total operating expenses26,26224,89099,418100,923 Operating loss(953)(5,506)(154)(12,497) Other (expense)/income, net: Other (expense)/income, net(49)(4)140140 Interest income, net441106039 Total other (expense)/income, net(5)106200179 Income/(loss) from operations before income taxes(958)(5,400)46(12,318) Income tax expense/(benefit)31(98)123(70) Net loss$ (989)$ (5,302)$ (77)$ (12,248) Net loss per share: Basic and diluted$ (0.08)$ (0.42)$ (0.01)$ (0.94) AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWSFor the Years Ended April 30, 20252024 (In thousands)Cash flows from operating activities: Net loss $ (77)$ (12,248)Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 13,27516,101Loss on sale/disposition of assets 157Provision for credit losses on accounts receivable 268Stock-based compensation expense 3,5004,075Changes in operating assets and liabilities: Accounts receivable (13,635)1,110Inventories (11,402)6,419Accounts payable 8342,873Accrued liabilities 5,8893,300Other 2,9342,846Net cash provided by operating activities 1,35924,491Cash flows from investing activities: Payments to acquire patents and software (743)(1,340)Proceeds from sale of property and equipment —131Payments to acquire property and equipment (3,153)(4,767) Net cash used in investing activities (3,896)(5,976)Cash flows from financing activities: Proceeds from loans and notes payable 7,000—Payments on notes and loans payable (7,000)(5,000)Payments to acquire treasury stock (3,842)(6,015)Proceeds from exercise of options to acquire common stock, including employee stock purchase plan 628671Payment of employee withholding tax related to restricted stock units (524)(423) Net cash used in financing activities (3,738)(10,767)Net (decrease)/increase in cash and cash equivalents (6,275)7,748Cash and cash equivalents, beginning of period 29,69821,950Cash and cash equivalents, end of period $ 23,423$ 29,698 AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share data)(Unaudited) For the Three Months Ended April 30,For the Years Ended April 30, 2025202420252024 GAAP gross profit $ 25,309$ 19,384$ 99,264$ 88,426Non-recurring inventory reserve adjustment ——444—Tariff drawback adjustment —1,113—1,113Non-GAAP gross profit $ 25,309$ 20,497$ 99,708$ 89,539 GAAP operating expenses $ 26,262$ 24,890$ 99,418$ 100,923Amortization of acquired intangible assets (2,119)(2,960)(8,475)(11,842)Stock compensation (815)(1,005)(3,500)(4,075)Technology implementation ———(465)Emerging growth status transition costs (213)—(458)—Other —(264)(100)(468)Non-GAAP operating expenses $ 23,115$ 20,661$ 86,885$ 84,073 GAAP operating loss $ (953)$ (5,506)$ (154)$ (12,497)Amortization of acquired intangible assets 2,1192,9608,47511,842Stock compensation 8151,0053,5004,075Non-recurring inventory reserve adjustment ——444—Technology implementation ———465Tariff drawback adjustment —1,113—1,113Emerging growth status transition costs 213—458—Other —264100468Non-GAAP operating income/(loss) $ 2,194$ (164)$ 12,823$ 5,466 GAAP net loss $ (989)$ (5,302)$ (77)$ (12,248)Amortization of acquired intangible assets 2,1192,9608,47511,842Stock compensation 8151,0053,5004,075Non-recurring inventory reserve adjustment ——444—Technology implementation ———465Tariff drawback adjustment —1,113—1,113Emerging growth status transition costs 213—458—Other —264100468Income tax adjustments (472)(85)(2,872)(1,369)Non-GAAP net income/(loss) $ 1,686$ (45)$ 10,028$ 4,346 GAAP net loss per share - diluted $ (0.08)$ (0.42)$ (0.01)$ (0.94)Amortization of acquired intangible assets 0.170.230.660.91Stock compensation 0.060.080.270.31Non-recurring inventory reserve adjustment ——0.03—Technology implementation ———0.03Tariff drawback adjustment —0.09—0.09Emerging growth status transition costs 0.02—0.04—Other —0.02—0.04Income tax adjustments (0.04)(0.01)(0.22)(0.11)Non-GAAP net income per share - diluted $ 0.13$ - (a) $ 0.76 (a) $ 0.32 (a) (a) Non-GAAP net income per share does not foot due to rounding. AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA (In thousands)(Unaudited)For the Three Months Ended April 30, For the Years Ended April 30, 2025202420252024 GAAP net loss $ (989)$ (5,302)$ (77)$ (12,248) Interest income(44) (110) (60) (39) Income tax expense/(benefit)31 (98) 123 (70) Depreciation and amortization3,437 4,157 13,179 16,005 Stock compensation815 1,005 3,500 4,075 Technology implementation— — — 465 Tariff drawback adjustment— 1,113 — 1,113 Non-recurring inventory reserve adjustment— — 444 — Emerging growth status transition costs213 — 458 — Other— 264 100 468 Non-GAAP Adjusted EBITDA $ 3,463$ 1,029$ 17,667$ 9,769 Contact: Liz Sharp, VP, Investor Relationslsharp@ 303-4620 View original content to download multimedia: SOURCE American Outdoor Brands, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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