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) has successfully completed the acquisition of GunBroker.com in a deal valued at approximately $240 million. This acquisition transforms GunBroker.com into a wholly owned subsidiary of AMMO, enhancing its operational capabilities in the online auction marketplace for firearms and related products. AMMO expects the integration to diversify its revenue streams and leverage GunBroker.com’s established platform for future growth. The company will provide updated financial guidance on May 11, 2021.
AMMO, Inc. (Nasdaq: POWW) announces its participation in the Emerging Growth Conference on April 14, 2021, at 11:15 AM ET. This online event allows shareholders and the investment community to interact with the company directly. Registration is available through the provided link. An archived webcast will also be accessible for those unable to join live. The Emerging Growth Conference focuses on companies with strong management and innovative products, catering to a wide range of investors. AMMO, founded in 2016, specializes in ammunition for military, law enforcement, and sports.
AMMO, Inc. (Nasdaq: POWW) anticipates reporting $27 million in quarterly revenue for Q1 of FY 2022, marking an impressive 178% growth compared to the previous year. CEO Fred Wagenhals expressed satisfaction with the strong revenue growth and highlighted ongoing efforts to enhance product offerings and capacity to meet market demand. The company plans to update its guidance related to the GunBroker.com transaction, indicating potential impacts on Q1 results. AMMO specializes in various ammunition products for multiple sectors, including law enforcement and military.
AMMO, Inc. (Nasdaq: POWW) has raised its revenue guidance for fiscal year 2021 to $62 million, representing a substantial growth of 319% year-over-year. The fiscal fourth quarter revenue guidance increased by 400% to $24 million, compared to $4.8 million in Q4 2020. For fiscal year 2022, the projected revenue is $120 million, marking an anticipated 94% increase from fiscal year 2021. CEO Fred Wagenhals highlights strong domestic demand and additional growth from military orders, underpinning this optimistic guidance.
AMMO, Inc. (Nasdaq: POWW) has extended its non-binding letter of intent with IA Tech LLC concerning the acquisition of GunBroker.com, the leading online auction marketplace for firearms and related products. The parties continue to finalize due diligence and documentation, aiming for a closing date in mid to late April 2021. This acquisition is seen as a strategic move to enhance AMMO's market presence and product offerings.
AMMO, Inc. (Nasdaq: POWW) announced the successful shipment of its patented armor piercing and military-grade ammunition to a European ally under a US State Department export license. This shipment includes products like the .338 Lapua Magnum and .50 BMG Armor Piercing rounds. CEO Fred Wagenhals expressed optimism about expanding international opportunities post-COVID, emphasizing the safety and performance of their products. AMMO aims to support law enforcement and military branches globally, showcasing its innovative approach in the munitions industry.
AMMO, Inc. (Nasdaq: POWW) announced the acquisition of a new high precision ammunition loading line for its Manitowoc, WI plant. This line is designed to produce high precision cartridges that meet the stringent manufacturing standards of the U.S. military for sniper ammunition, while also catering to civilian long-range shooters. CEO Fred Wagenhals highlighted the strategic importance of this purchase to meet growing demand in both military and civilian markets. The company aims to enhance its capacity, building on a history of steady increases over the past 18 months.
AMMO, Inc. (Nasdaq: POWW) has successfully closed its underwritten public offering of 23 million shares at a price of $5.00 per share, raising gross proceeds of $115 million. This offering included the exercise of an over-allotment option for an additional 3 million shares. The funds will be allocated for general corporate purposes, including debt reduction, capital expenditures, and potential acquisitions. The company aims to enhance production capacity and build a new plant, reinforcing its strategic vision.
AMMO, Inc. (Nasdaq: POWW) has announced a public offering of 20,000,000 shares of common stock priced at $5.00 each, with expected gross proceeds of approximately $100 million. The offering is set to close on March 16, 2021, contingent on customary conditions. A 30-day option for underwriters to purchase an additional 3,000,000 shares exists. Funds raised will be allocated for general corporate purposes, including debt reduction and potential acquisitions.
AMMO, Inc. (Nasdaq: POWW) announced plans for an underwritten public offering of new shares of its common stock, with underwriters potentially acquiring an additional 15% of shares sold. Proceeds will be utilized for general corporate purposes, including debt reduction, capital expenditures, and potential acquisitions. Roth Capital Partners and Alexander Capital are managing the offering, which is subject to market conditions. The shares are offered under an effective shelf registration statement.
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