PEW — what changed in the latest 10-Q
A section-by-section comparison of PEW's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −11 | ~24 | 59 |
| Controls & procedures | Text added/removed | 0 | −1 | ~3 | 1 |
| Legal proceedings | Text added/removed | +1 | −1 | 0 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
Net revenues increased by $4.6 million, or 10%, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. The increase was primarily driven by fluctuations within the firearm and non-firearm product categories, as well as the initiation of service revenues as outlined be…
Firearm sales increased $3.6 million, or 10% for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. This increase was primarily due to a 12% increase in average sales price, partially offset by a 3% decrease in sales volumes of firearm products.
Non-firearm sales increased $0.6 million, or 9% for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. This increase was primarily due to a 25% increase in average sales price, partially offset by a 13% decrease in sales volumes of non-firearm products.
Service sales totaled $0.4 million for the six months ended June 30, 2026. There were no service sales in the comparable 2025 period, as PEW Logistics began generating revenue in the first quarter of 2026.
Cost of goods sold increased by $1.1 million, or 6%, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The increase was primarily driven by a 10% increase in average firearm product cost, partially offset by lower sales volumes across firearm and non-firearm …
Text removed vs the prior filing · source: 10-Q · 2026-05-13
Cost of goods sold increased by $2.1 million, or 10%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025. The increase was primarily driven by an increase in net revenues during the three months ended March 31, 2026.
Gross profit increased by $0.5 million, or 23%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025. The increase was primarily driven by an increase in firearm sales.
Sales and marketing expense increased by $41 thousand or 17% for the three months ended March 31, 2026 compared to the three months ended March 31, 2025. The increase was primarily driven by increased spending on the Company’s marketing activities.
General and administrative expense increased by $3.2 million, or 162%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025. This increase was primarily driven by increased employee and director related expenses including an increase of $1.5 million in payroll,…
Interest income, net increased by $0.7 million, or 1,413%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, which was due to an increase in the daily cash sweep balances held in the current period.
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-05-13
In addition to the above, during the quarter ending March 31, 2026, the Company implemented a new general ledger/ERP system (i.e. NetSuite) affecting certain financial reporting processes. In connection with the implementation, the Company modified certain internal controls over financial reporting,…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-13
From time to time, we may be involved in various legal proceedings arising from the normal course of business activities. The information provided in Note 11 of the Consolidated Financial Statements is hereby incorporated into this Part II, Item 1 by reference.
Text removed vs the prior filing · source: 10-Q · 2026-05-13
From time to time, we may be involved in various legal proceedings arising from the normal course of business activities. We are not presently a party to any litigation the outcome of which we believe, if determined adversely to us, would individually or taken together have a material adverse effect…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice