AMMO, Inc. Reports First Quarter Fiscal Year 2025 Financial Results
AMMO, Inc. (Nasdaq: POWW) reported its fiscal Q1 2025 financial results. Net revenues were $31.0 million, down from $34.3 million in the prior year. Gross profit margin decreased to 31.6% from 40.9%. Adjusted EBITDA was $2.0 million, a significant drop from $6.6 million. The company reported a net loss of $7.1 million, compared to $1.1 million in the same period last year. Diluted EPS was $(0.07) versus $(0.02) in Q1 FY2024, while adjusted EPS was $0.01 compared to $0.05. GunBroker.com, AMMO's online marketplace, generated $12.3 million in revenue with new user growth averaging 25,000 per month and an increased take rate of 6.2%. The company is building ammunition inventories for new premium rifle hunting segments and foresees further increase in take rates with their Gearfire financing solution. Additionally, AMMO repurchased 580,000 shares in the quarter, contributing to a strong financial position with $134 million in current assets.
AMMO, Inc. (Nasdaq: POWW) ha riportato i risultati finanziari del primo trimestre fiscale 2025. I ricavi netti sono stati di 31,0 milioni di dollari, in calo rispetto ai 34,3 milioni dell'anno precedente. Il margine di profitto lordo è sceso al 31,6% dal 40,9%. L'EBITDA rettificato è stato di 2,0 milioni di dollari, un significativo calo rispetto ai 6,6 milioni. L'azienda ha registrato una perdita netta di 7,1 milioni di dollari, rispetto a 1,1 milioni nello stesso periodo dell'anno scorso. L'EPS diluito era di $(0,07) contro $(0,02) nel Q1 FY2024, mentre l'EPS rettificato era di 0,01 dollari rispetto a 0,05 dollari. GunBroker.com, il marketplace online di AMMO, ha generato 12,3 milioni di dollari di ricavi con una crescita media di nuovi utenti di 25.000 al mese e un tasso di prelievo aumentato del 6,2%. L'azienda sta costruendo magazzini di munizioni per nuovi segmenti di caccia con fucili premium e prevede un ulteriore incremento dei tassi di prelievo con la loro soluzione di finanziamento Gearfire. Inoltre, AMMO ha riacquistato 580.000 azioni nel trimestre, contribuendo a una solida posizione finanziaria con 134 milioni di dollari in attivi correnti.
AMMO, Inc. (Nasdaq: POWW) informó sus resultados financieros del primer trimestre fiscal 2025. Los ingresos netos fueron de 31,0 millones de dólares, una disminución respecto a los 34,3 millones del año anterior. El margen de beneficio bruto disminuyó al 31,6% desde el 40,9%. El EBITDA ajustado fue de 2,0 millones de dólares, una caída significativa desde los 6,6 millones. La compañía reportó una pérdida neta de 7,1 millones de dólares, en comparación con 1,1 millones en el mismo período del año pasado. El EPS diluido fue de $(0,07) frente a $(0,02) en el Q1 FY2024, mientras que el EPS ajustado fue de $0,01 en comparación con $0,05. GunBroker.com, el mercado en línea de AMMO, generó 12,3 millones de dólares en ingresos con un crecimiento promedio de nuevos usuarios de 25,000 al mes y un aumento en la tasa de comisión del 6,2%. La compañía está construyendo inventarios de municiones para nuevos segmentos de caza de rifles premium y prevé un mayor aumento en las tasas de comisión con su solución de financiamiento Gearfire. Además, AMMO recompró 580,000 acciones en el trimestre, contribuyendo a una sólida posición financiera con 134 millones de dólares en activos actuales.
AMMO, Inc. (Nasdaq: POWW)는 2025 회계년도 1분기 재무 결과를 보고했습니다. 순수익은 3,100만 달러로, 지난해 같은 기간의 3,430만 달러에서 감소했습니다. 매출 총 이익률은 40.9%에서 31.6%로 줄어들었습니다. 조정된 EBITDA는 200만 달러로, 660만 달러에서 크게 감소했습니다. 회사는 1년 전 같은 기간 110만 달러에 비해 710만 달러의 순손실을 기록했습니다. 희석 주당순이익은 Q1 FY2024의 $(0.02)와 비교하여 $(0.07)이었고, 조정 주당순이익은 $0.01로서 $0.05에서 감소했습니다. AMMO의 온라인 마켓플레이스인 GunBroker.com은 1230만 달러의 수익을 냈으며, 신규 사용자 성장률은 월평균 25,000명으로 증가하고, 수수료 비율도 6.2%로 높아졌습니다. 회사는 새로운 프리미엄 라이플 사냥 부문을 위한 탄약 재고를 쌓고 있으며, Gearfire 자금 조달 솔루션으로 수수료 비율이 더 증가할 것으로 예상하고 있습니다. 또한 AMMO는 이번 분기 동안 58만 주를 재매입하여 현재 자산이 1억 3,400만 달러인 강력한 재무적 입지를 다졌습니다.
AMMO, Inc. (Nasdaq: POWW) a annoncé ses résultats financiers pour le premier trimestre de l'exercice 2025. Les revenus nets s'élevaient à 31,0 millions de dollars, en baisse par rapport à 34,3 millions de dollars l'année précédente. La marge brute a diminué à 31,6 % contre 40,9 %. Le EBITDA ajusté était de 2,0 millions de dollars, une chute significative par rapport à 6,6 millions de dollars. L'entreprise a enregistré une perte nette de 7,1 millions de dollars, contre 1,1 million de dollars durant la même période l'année dernière. Le bénéfice par action dilué était de $(0,07) contre $(0,02) au Q1 FY2024, tandis que le bénéfice par action ajusté était de 0,01 $ comparé à 0,05 $. GunBroker.com, la place de marché en ligne d'AMMO, a généré 12,3 millions de dollars de revenus avec une croissance moyenne de 25 000 nouveaux utilisateurs par mois et un taux de commission en hausse de 6,2 %. La société crée des stocks de munitions pour de nouveaux segments de chasse de fusils haut de gamme et prévoit une augmentation supplémentaire des taux de commission avec sa solution de financement Gearfire. De plus, AMMO a racheté 580 000 actions au cours du trimestre, contribuant à une position financière solide avec 134 millions de dollars d'actifs courants.
AMMO, Inc. (Nasdaq: POWW) hat seine Finanzdaten für das erste Quartal des Geschäftsjahres 2025 veröffentlicht. Die Nettoerlöse betrugen 31,0 Millionen Dollar, ein Rückgang gegenüber 34,3 Millionen Dollar im Vorjahr. Die Bruttogewinnmarge fiel auf 31,6% von 40,9%. Das bereinigte EBITDA lag bei 2,0 Millionen Dollar, ein erheblicher Rückgang gegenüber 6,6 Millionen Dollar. Das Unternehmen berichtete von einem Nettoverlust von 7,1 Millionen Dollar, im Vergleich zu 1,1 Millionen Dollar im gleichen Zeitraum des Vorjahres. Das diluted EPS betrug $(0,07) gegenüber $(0,02) im Q1 FY2024, während das bereinigte EPS bei $0,01 im Vergleich zu $0,05 lag. GunBroker.com, der Online-Marktplatz von AMMO, erwirtschaftete 12,3 Millionen Dollar an Einnahmen bei einem durchschnittlichen monatlichen Zuwachs neuer Nutzer von 25.000 und einer erhöhten Provision von 6,2%. Das Unternehmen baut Munition Bestände für neue Premium-Gewehrjagdsegmente auf und erwartet einen weiteren Anstieg der Provisionen mit ihrer Gearfire-Finanzierungslösung. Zudem hat AMMO im Quartal 580.000 Aktien zurückgekauft, was zu einer starken finanziellen Position mit 134 Millionen Dollar an aktuellen Vermögenswerten beiträgt.
- Marketplace revenue of $12.3 million.
- New user growth averaged 25,000 per month.
- Average take rate increased to 6.2%.
- Strong financial position with $134 million in current assets.
- Repurchased 580,000 shares in the quarter.
- Net revenues decreased to $31.0 million from $34.3 million.
- Gross profit margin decreased to 31.6% from 40.9%.
- Adjusted EBITDA dropped to $2.0 million from $6.6 million.
- Net loss of $7.1 million, compared to $1.1 million.
- Diluted EPS of $(0.07) vs $(0.02).
- Adjusted EPS of $0.01 vs $0.05.
SCOTTSDALE, Ariz., Aug. 08, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today reported results for its first quarter of fiscal 2025, ended June 30, 2024.
First Quarter Fiscal 2025 vs. First Quarter Fiscal 2024
| ● | Net Revenues of | |
| ● | Gross profit margin of approximately | |
| ● | Adjusted EBITDA of | |
| ● | Net loss of ( | |
| ● | Diluted EPS of ( | |
| ● | Adjusted EPS of | |
GunBroker.com “Marketplace” Metrics – First Quarter 2025
| ● | Marketplace revenue of approximately | |
| ● | New user growth averaged approximately 25,000 per month | |
| ● | Average take rate increased to | |
Jared Smith, AMMO’s CEO, commented “In our first quarter of fiscal 2025, we continued to make progress on the primary core initiatives for each of our business units, transforming our ammunition plant to higher margin rifle and pistol production and transforming our marketplace into an innovative ecommerce leader.
“We have been building ammunition inventories to accelerate sales this fall for the launch of our new premium rifle hunting segments, and we started delivering on our 12.7X108 cases under our contractual obligations to ZRO Delta. At GunBroker, we see take rates further increasing in the quarters ahead as we push ahead with our Gearfire financing solution, and an anticipated increase in non-firearm accessory sales as we monetize the algorithms and tune our cross-selling capabilities,” Mr. Smith concluded.
First Quarter 2025 Results
We ended the first quarter of our 2025 fiscal year with total revenues of approximately
Cost of revenues was approximately
This resulted in a total gross margin for the quarter of
The increase in cost of revenues and decrease in gross profit margin was related to the shift in sales mix and production inefficiencies in our ammunition segment in comparison to the prior year period.
Although our margins decreased from the prior year period, the robust margins on GunBroker continue to hold strong, and while the margins in the ammunition segment remained down as the plant ramp is still underway, we are beginning to see increased production throughput and expect that we will see increased product marginality in future periods if we are able to continue with this trend.
There was approximately
For the quarter, we recorded Adjusted EBITDA of approximately
This resulted in a loss per share of
Looking forward, we are continuing to focus on streamlining our manufacturing processes, which should improve product throughput and marginality. For GunBroker, efforts to offer a flexible financing option to customers is well underway as well as our cross-selling solution which provides our users with the ability to view and purchase compatible items when going through the checkout process. We expect these enhancements will drive sales growth through better functionality and enhanced purchasing power of buyers.
Our financial position remains strong given our net working capital position as we have reported
We repurchased approximately 580,000 shares of our common stock under our repurchase plan in the reported quarter, bringing us to just over 1.9 million total shares repurchased under the plan since December 2022.
Conference Call
Management will host a conference call at 5:00 PM ET today, August 8, 2024, to review financial results and provide an update on corporate developments. Following management’s formal remarks there will be a question-and-answer session.
Participants are asked to preregister for the call at the following link: https://dpregister.com/sreg/10190959/fd1589a7fa
Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call without delay. Those without Internet access or who are unable to pre-register may dial in by calling 1-844-481-2698 (domestic) or 1-412-317-0655 (international).
Please join at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions. When requested, please ask for “AMMO, Inc. First Quarter 2025 Conference Call.”
The conference call will also be available through a live webcast at the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=mju9ciSM, which is also available through the Company’s website.
About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and specialty rounds for military use via government programs. For more information, please visit: www.ammo-inc.com.
About GunBroker.com
GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.com.
Forward Looking Statements
This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.
Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.
Investor Contact:
CoreIR
Phone: (212) 655-0924
IR@ammo-inc.com
Source: AMMO, Inc.
AMMO, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2024 | March 31, 2024 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 50,754,570 | $ | 55,586,441 | ||||
| Accounts receivable, net | 19,436,712 | 28,221,321 | ||||||
| Due from related parties | 4,800,000 | - | ||||||
| Inventories | 54,717,709 | 45,563,334 | ||||||
| Prepaid expenses | 4,244,197 | 2,154,170 | ||||||
| Total Current Assets | 133,953,188 | 131,525,266 | ||||||
| Equipment, net | 57,998,933 | 58,082,040 | ||||||
| Other Assets: | ||||||||
| Deposits | 1,325,806 | 349,278 | ||||||
| Patents, net | 4,415,924 | 4,539,290 | ||||||
| Other intangible assets, net | 107,982,842 | 111,049,067 | ||||||
| Goodwill | 90,870,094 | 90,870,094 | ||||||
| Right of use assets - operating leases | 1,825,564 | 2,000,093 | ||||||
| Deferred income tax asset | 4,046,430 | 1,487,088 | ||||||
| TOTAL ASSETS | $ | 402,418,781 | $ | 399,902,216 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable | $ | 22,678,651 | $ | 23,156,495 | ||||
| Accrued liabilities | 17,141,591 | 7,030,667 | ||||||
| Current portion of operating lease liability | 488,887 | 479,651 | ||||||
| Current portion of construction note payable | 276,616 | 273,459 | ||||||
| Insurance premium note payable | 1,680,594 | - | ||||||
| Total Current Liabilities | 42,266,339 | 30,940,272 | ||||||
| Long-term Liabilities: | ||||||||
| Contingent consideration payable | 39,852 | 59,838 | ||||||
| Construction note payable, net of unamortized issuance costs | 10,710,081 | 10,735,241 | ||||||
| Operating lease liability, net of current portion | 1,426,740 | 1,609,836 | ||||||
| Total Liabilities | 54,443,012 | 43,345,187 | ||||||
| Shareholders’ Equity: | ||||||||
| Series A cumulative perpetual preferred Stock | 1,400 | 1,400 | ||||||
| Common stock, | 118,757 | 119,181 | ||||||
| Additional paid-in capital | 397,079,854 | 396,730,170 | ||||||
| Accumulated deficit | (45,455,985 | ) | (37,620,566 | ) | ||||
| Treasury Stock | (3,768,257 | ) | (2,673,156 | ) | ||||
| Total Shareholders’ Equity | 347,975,769 | 356,557,029 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 402,418,781 | $ | 399,902,216 | ||||
AMMO, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
| For the Three Months Ended June 30, | ||||||||
| 2024 | 2023 | |||||||
| Net Revenues | ||||||||
| Ammunition sales(1) | $ | 13,359,554 | $ | 14,106,029 | ||||
| Marketplace revenue | 12,281,991 | 13,912,202 | ||||||
| Casing sales | 5,312,005 | 6,236,344 | ||||||
| 30,953,550 | 34,254,575 | |||||||
| Cost of Revenues | 21,164,428 | 20,230,035 | ||||||
| Gross Profit | 9,789,122 | 14,024,540 | ||||||
| Operating Expenses | ||||||||
| Selling and marketing | 298,613 | 295,581 | ||||||
| Corporate general and administrative | 11,323,078 | 7,947,563 | ||||||
| Employee salaries and related expenses | 4,462,101 | 4,116,280 | ||||||
| Depreciation and amortization expense | 3,381,669 | 3,344,043 | ||||||
| Total operating expenses | 19,465,461 | 15,703,467 | ||||||
| Loss from Operations | (9,676,339 | ) | (1,678,927 | ) | ||||
| Other Income | ||||||||
| Other income | 252,232 | 692,951 | ||||||
| Interest expense | (196,522 | ) | (204,201 | ) | ||||
| Total other income | 55,710 | 488,750 | ||||||
| Loss before Income Taxes | (9,620,629 | ) | (1,190,177 | ) | ||||
| Provision for Income Taxes | (2,559,342 | ) | (97,144 | ) | ||||
| Net Loss | (7,061,287 | ) | (1,093,033 | ) | ||||
| Preferred Stock Dividend | (774,132 | ) | (774,132 | ) | ||||
| Net Loss Attributable to Common Stock Shareholders | $ | (7,835,419 | ) | $ | (1,867,165 | ) | ||
| Net Loss per share | ||||||||
| Basic | $ | (0.07 | ) | $ | (0.02 | ) | ||
| Diluted | $ | (0.07 | ) | $ | (0.02 | ) | ||
| Weighted average number of shares outstanding | ||||||||
| Basic | 119,105,502 | 117,713,805 | ||||||
| Diluted | 119,105,502 | 117,713,805 | ||||||
| (1 | ) | Included in revenue for the three months ended June 30, 2024 and 2023 are excise taxes of |
AMMO, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(Unaudited)
| For the Three Months Ended June 30, | ||||||||
| 2024 | 2023 | |||||||
| Cash flows from operating activities: | ||||||||
| Net Loss | $ | (7,061,287 | ) | $ | (1,093,033 | ) | ||
| Adjustments to reconcile Net Loss to Net Cash provided by/(used in) operations: | ||||||||
| Depreciation and amortization | 4,692,556 | 4,620,087 | ||||||
| Debt discount amortization | 20,813 | 20,813 | ||||||
| Employee stock awards | 606,199 | 822,797 | ||||||
| Stock grants | 68,750 | 50,750 | ||||||
| Common stock purchase options | 41,055 | - | ||||||
| Contingent consideration payable fair value | (19,986 | ) | (21,024 | ) | ||||
| Allowance for doubtful accounts | 87,689 | 909,717 | ||||||
| Reduction in right of use asset | 174,529 | 120,216 | ||||||
| Deferred income taxes | (2,559,342 | ) | (97,144 | ) | ||||
| Changes in Current Assets and Liabilities | ||||||||
| Accounts receivable | 8,696,920 | 7,088,437 | ||||||
| Due from related parties | (4,800,000 | ) | - | |||||
| Inventories | (9,154,375 | ) | (1,579,836 | ) | ||||
| Prepaid expenses | 312,409 | 888,412 | ||||||
| Deposits | (976,528 | ) | 2,964,365 | |||||
| Accounts payable | (477,844 | ) | (1,722,783 | ) | ||||
| Accrued liabilities | 9,974,813 | 152,021 | ||||||
| Operating lease liability | (173,860 | ) | (127,704 | ) | ||||
| Net cash provided by/(used in) operating activities | (547,489 | ) | 12,996,091 | |||||
| Cash flows from investing activities: | ||||||||
| Purchase of equipment | (1,419,857 | ) | (1,313,939 | ) | ||||
| Net cash used in investing activities | (1,419,857 | ) | (1,313,939 | ) | ||||
| Cash flow from financing activities: | ||||||||
| Payments on insurance premium note payment | (721,842 | ) | (970,541 | ) | ||||
| Payments on construction note payable | (42,816 | ) | (64,959 | ) | ||||
| Proceeds from factoring liability | - | 14,610,314 | ||||||
| Payments on factoring liability | - | (14,610,314 | ) | |||||
| Payments on note payable - related party | - | (180,850 | ) | |||||
| Preferred stock dividends paid | (638,021 | ) | (638,038 | ) | ||||
| Repurchase of common shares | (366,164 | ) | - | |||||
| Common stock repurchase plan | (1,095,682 | ) | (1,456,744 | ) | ||||
| Net cash used in financing activities | (2,864,525 | ) | (3,311,132 | ) | ||||
| Net increase/(decrease) in cash | (4,831,871 | ) | 8,371,020 | |||||
| Cash, beginning of period | 55,586,441 | 39,634,027 | ||||||
| Cash, end of period | $ | 50,754,570 | $ | 48,005,047 | ||||
(Continued)
AMMO, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(Unaudited)
| For the Three Months Ended June 30, | ||||||||
| 2024 | 2023 | |||||||
| Supplemental cash flow disclosures: | ||||||||
| Cash paid during the period for: | ||||||||
| Interest | $ | 196,552 | $ | 184,385 | ||||
| Income taxes | $ | - | $ | - | ||||
| Non-cash investing and financing activities: | ||||||||
| Insurance premium note payment | $ | 2,402,436 | $ | 1,056,199 | ||||
| Dividends accumulated on preferred stock | $ | 136,111 | $ | 136,094 | ||||
The accompanying notes are an integral part of these condensed consolidated financial statements.
Non-GAAP Financial Measures
We analyze operational and financial data to evaluate our business, allocate our resources, and assess our performance. In addition to total net sales, net loss, and other results under accounting principles generally accepted in the United States (“GAAP”), the following information includes key operating metrics and non-GAAP financial measures we use to evaluate our business. We believe these measures are useful for period-to-period comparisons of the Company. We have included these non-GAAP financial measures in this Current Report on Form 8-K because they are key measures we use to evaluate our operational performance, produce future strategies for our operations, and make strategic decisions, including those relating to operating expenses and the allocation of our resources. Accordingly, we believe these measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors.
Reconciliation of GAAP net loss to Adjusted EBITDA
Adjusted EBITDA
| For the Three Months Ended | ||||||||
| 30-Jun-24 | 30-Jun-23 | |||||||
| Reconciliation of GAAP net loss to Adjusted EBITDA | ||||||||
| Net Loss | $ | (7,061,287 | ) | $ | (1,093,033 | ) | ||
| Provision for income taxes | (2,559,342 | ) | (97,144 | ) | ||||
| Depreciation and amortization | 4,692,556 | 4,620,087 | ||||||
| Interest expense, net | 196,522 | 204,201 | ||||||
| Employee stock awards | 606,199 | 822,797 | ||||||
| Stock grants | 68,750 | 50,750 | ||||||
| Common stock purchase options | 41,055 | - | ||||||
| Other income, net | (252,232 | ) | (692,951 | ) | ||||
| Contingent consideration fair value | (19,986 | ) | (21,024 | ) | ||||
| Other nonrecurring expenses(1) | 6,249,893 | 2,759,726 | ||||||
| Adjusted EBITDA | $ | 1,962,128 | $ | 6,553,409 | ||||
| 1 | ) | For the three months ended June 30, 2024 and 2023, other nonrecurring expenses consist of professional and legal fees that are nonrecurring in nature. There were | |
Reconciliation of GAAP net income to Fully Diluted EPS
| For the Three Months Ended | ||||||||||||||||
| 30-Jun-24 | 30-Jun-23 | |||||||||||||||
| Reconciliation of GAAP net loss to Fully Diluted EPS | ||||||||||||||||
| Net Loss | $ | (7,061,287 | ) | $ | (0.06 | ) | $ | (1,093,033 | ) | $ | (0.01 | ) | ||||
| Depreciation and amortization | 4,692,556 | 0.04 | 4,620,087 | 0.04 | ||||||||||||
| Interest expense, net | 196,522 | - | 204,201 | - | ||||||||||||
| Employee stock awards | 606,199 | 0.01 | 822,797 | 0.01 | ||||||||||||
| Stock grants | 68,750 | - | 50,750 | - | ||||||||||||
| Contingent consideration fair value | (19,986 | ) | - | (21,024 | ) | - | ||||||||||
| Nonrecurring expenses | 6,249,893 | 0.05 | 2,759,726 | 0.03 | ||||||||||||
| Tax effect(1) | (3,154,317 | ) | (0.03 | ) | (2,009,764 | ) | (0.02 | ) | ||||||||
| Adjusted Net Income | $ | 1,578,330 | $ | 0.01 | $ | 5,333,740 | $ | 0.05 | ||||||||
| (1 | ) | Tax effects are estimated by applying the statutory rate to each applicable Non-GAAP adjustment. |
| For the Three Months Ended June 30, | |||||||||
| 2024 | 2023 | ||||||||
| Weighted average number of shares outstanding | |||||||||
| Basic | 119,105,502 | 117,713,805 | |||||||
| Diluted | 119,105,502 | 117,713,805 | |||||||
FAQ
What were AMMO's net revenues for Q1 FY2025?
How did AMMO's gross profit margin change in Q1 FY2025?
What was AMMO's net loss in Q1 FY2025?
What was AMMO's diluted EPS for Q1 FY2025?
What was AMMO's adjusted EBITDA in Q1 FY2025?
What is the average take rate for GunBroker.com in Q1 FY2025?
How many shares did AMMO repurchase in Q1 FY2025?
