Welcome to our dedicated page for AMMO news (Ticker: POWW), a resource for investors and traders seeking the latest updates and insights on AMMO stock.
AMMO, Inc. (NASDAQ: POWW) is a dynamic player in the firearms and shooting sports industries, renowned for its ownership of GunBroker.com, the leading online marketplace serving these sectors. As a vertically integrated company, AMMO, Inc. specializes in designing, manufacturing, and marketing high-performance ammunition and its components. This dual-segment business model includes the Ammunition and Marketplace segments.
The Ammunition segment is the core of AMMO, Inc.'s operations, generating the majority of its revenue. The company prides itself on producing high-quality ammunition products and components that cater to the varied needs of shooting sports enthusiasts across the United States. With state-of-the-art manufacturing facilities, AMMO, Inc. ensures that its products meet stringent quality standards to deliver exceptional performance.
The Marketplace segment, primarily driven by GunBroker.com, plays a crucial role in connecting buyers and sellers within the firearms community. This platform has emerged as the go-to destination for firearms and related products, boasting a vast user base and a wide range of listings. GunBroker.com leverages its extensive network to provide a seamless buying and selling experience, further cementing AMMO, Inc.'s position in the market.
AMMO, Inc. continuously strives for innovation and excellence, which is reflected in its recent achievements and ongoing projects. The company maintains a strong financial condition, supported by strategic partnerships and a commitment to growth. Investors can stay updated on the latest developments and performance metrics through regular news releases and financial updates.
For more information, reach out to the Investor Contact:
- Matt Blazei, Phone: (516) 386-0430, Email: IR@ammo-inc.com
- CoreIR, Phone: (212) 655-0924, Email: IR@ammo-inc.com
AMMO, Inc. (Nasdaq: POWW) announced its plans for a transformative Fiscal 2022, projecting significant increases in revenue and earnings per share. Following its acquisition of GunBroker, the leading online marketplace, AMMO aims to enhance customer experience by introducing additional product offerings. In the earnings call, management emphasized a record-setting gross merchandising volume (GMV) and operational leverage critical for future growth. They project a revenue guidance of $190 million, leveraging innovations in military and consumer ammunition.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported impressive fiscal fourth quarter and annual results for 2021, highlighting a 409% increase in quarterly sales to $24.2 million and a 300% rise in annual sales to $62.5 million. With a gross profit margin of 23%, operating expenses decreased significantly. Adjusted EBITDA grew 296% in Q4 to $4.8 million and 213% annually to $8.1 million. The firm expects strong demand to continue in 2022, guided by $41 million in revenue for Q1, due in part to the new Gunbroker.com acquisition.
AMMO, Inc. (NASDAQ: POWW) announced a contract with the U.S. Department of Defense’s Irregular Warfare Technical Support Directorate to design and manufacture Ballistically Matched Multi-Purpose Rounds (BM-MPR). These rounds enhance snipers' capabilities by allowing them to switch ammunition types without re-zeroing their weapons, thus improving performance against various targets. The project underscores AMMO's commitment to supporting military needs and highlights its innovation in ammunition technology.
AMMO, Inc. (Nasdaq: POWW) announced an earnings conference call scheduled for June 29, 2021, at 5:00 p.m. EDT. The company confirmed a remarkable 2021 fiscal year revenue guidance of $62 million, marking an impressive 319% increase from $14.8 million in 2020. For the fiscal fourth quarter, revenue is projected at $24 million, representing a 400% increase compared to $4.8 million for the same quarter last year.
AMMO, Inc. (Nasdaq: POWW) has been added to the preliminary list of member additions to the Russell 2000® and Russell Microcap® Indexes, effective June 28, 2021. This annual reconstitution captures the largest 4,000 US stocks, enhancing AMMO's liquidity and visibility among institutional investors. With $10.6 trillion in assets benchmarked against these indexes, this inclusion is expected to increase AMMO's appeal in the investment community and supports its long-term shareholder value strategy, according to CEO Fred Wagenhals.
AMMO, Inc. (Nasdaq: POWW) has announced a groundbreaking ceremony for its new manufacturing facility in Manitowoc, WI, scheduled for June 21, 2021. The new plant will significantly enhance AMMO's production capabilities, tripling its footprint and increasing its workforce by over 100 employees over the next 1-3 years. CEO Fred Wagenhals emphasized the company's commitment to advancing technology and meeting consumer demand while fostering revenue growth and benefiting shareholders. The ceremony will be attended by senior management and local government leaders.
AMMO, Inc. (Nasdaq: POWW) has announced a sponsorship deal with Richard Childress Racing to sponsor the No. 23 Chevrolet driven by Ty Dillon in the upcoming NASCAR Xfinity Series race on May 29 at Charlotte Motor Speedway. CEO Fred Wagenhals emphasized the strategic alignment between AMMO and NASCAR enthusiasts. Dillon expressed enthusiasm for the opportunity, highlighting the team's strong performance aspirations. This partnership aims to elevate AMMO's brand visibility within the sporting community while supporting their shared values of patriotism and the 2nd Amendment.
AMMO, Inc. (Nasdaq: POWW) announced its first profitable quarter with revenue of $41 million for Q1 of the fiscal year 2022, ending June 30, 2021. The achievement marks significant growth and operational scale for the company since its inception. CEO Fred Wagenhals highlighted ongoing efforts in product refinement and capacity expansion, which are expected to drive continued revenue growth and shareholder value. AMMO also plans to report its fiscal 2021 results on or before June 29, with a call scheduled for updates.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant financial growth for Q1 2021. Interest income surged 206% to $546,842, while earnings from operations fell to $12,984 due to $200,000 in officer bonuses. Shareholder equity rose by 37% to $13.3M, and net asset value per share increased 41% to $1.24. The Company aims to expand its loan offerings, leveraging third-party financing opportunities, notably with gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). Risks include competition and market changes affecting loan rates.
AMMO, Inc. (Nasdaq: POWW) announced a seven-figure international ammunition deal expected to yield a gross profit margin of approximately 50%. This transaction will contribute to an anticipated $30 million in international revenue for the year, part of the previously projected $190 million total revenue. CEO Fred Wagenhals noted a rise in international market activity post-COVID, enhancing their capacity to meet demand.
FAQ
What is the current stock price of AMMO (POWW)?
What is the market cap of AMMO (POWW)?
What does AMMO, Inc. do?
What are the main business segments of AMMO, Inc.?
What is GunBroker.com?
Where is the majority of AMMO, Inc.'s revenue generated?
How can I contact AMMO, Inc. for investor relations?
What recent achievements has AMMO, Inc. accomplished?
What makes AMMO, Inc.'s products stand out?
Does AMMO, Inc. have any ongoing projects?
How does AMMO, Inc. maintain its financial condition?
Where can I get the latest news about AMMO, Inc.?
