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) reported a remarkable fiscal performance for Q3 2021, showcasing a 500% year-over-year revenue increase, with projected revenues exceeding $16.5 million. The company also noted a 38% quarter-over-quarter growth and impressive triple-digit growth in both EBITDA and Gross Profit Margin. These results are attributed to increased operational scale and heightened demand for its products amidst rising gun ownership trends in the US. The earnings call is scheduled for February 16, 2021.
AMMO, Inc. announces the appointment of Richard Childress to its Board of Directors, effective January 19, 2021. Childress, a prominent NASCAR figure and advocate for 2nd Amendment rights, brings over fifty years of business experience to the company. His expertise is anticipated to strengthen AMMO's leadership. Concurrently, Randy Luth stepped down from the Board, citing the need to focus on his firearms components manufacturing business. Luth expressed confidence in AMMO’s management and welcomed Childress's addition as a positive change for the company.
AMMO, Inc. (Nasdaq: POWW) announced a significant international transaction involving 7.62mm ammunition, highlighting its commitment to diversifying business amid strong US market demand. CEO Fred Wagenhals emphasized the importance of building overseas relationships in commercial, law enforcement, and military markets. He noted that the opening import/export markets have enabled the company to secure this deal, with expectations for further transactions in the future. AMMO produces a range of munitions including patented STREAK™ Visual Ammunition and subsonic munitions.
AMMO, Inc. (Nasdaq: POWW) announced a share repurchase of 1 million shares for $1.5 million, representing 2% of its outstanding shares. This decision reflects the Company's confidence in its long-term prospects and aims to reduce shareholder dilution. The repurchased shares will be retired upon completion of the transaction. CEO Fred Wagenhals emphasized the importance of balanced capital deployment to support share demand and enhance shareholder value.
AMMO, Inc. (Nasdaq: POWW) forecasts approximately $20 million in revenue for Q4 FY 2021, marking a 317% increase year-over-year from $4.8 million in Q4 FY 2020 and a 21% rise from $16.5 million in Q3 FY 2021. Total revenue guidance for FY 2021 stands at $58.2 million, up 293% from FY 2020. The demand surge is attributed to the recent U.S. Senate elections and ongoing political uncertainties, driving sales, especially in military and law enforcement sectors. The company also emphasizes growth in adjusted EBITDA for its third consecutive quarter.
AMMO, Inc. (Nasdaq: POWW) has announced plans to acquire over 35 acres in Manitowoc, Wisconsin, to build a $12 million, 160,000 sq. ft. ammunition manufacturing plant. This development follows unanimous approval from the City Council and aims to significantly boost the company's manufacturing capabilities. The new plant is expected to create approximately 150 jobs and is projected to be operational by Summer 2022. The expansion aligns with AMMO's strategy to enhance its position in the commercial and military ammunition markets.
AMMO, Inc. (Nasdaq: POWW) plans to report its Q3 fiscal 2021 earnings on or before February 15, 2021. The Company anticipates revenues exceeding $16.5 million, surpassing previous guidance of $15 million. This represents a remarkable 489% year-over-year increase and a 38% sequential increase from Q2's $12.0 million. CEO Fred Wagenhals commended the team's performance, attributing the growth to increased efficiency and output capacity.
AMMO, Inc. (Nasdaq: POWW) has appointed Jessica M. Lockett to its Board of Directors effective December 17, 2020. Lockett is a corporate and securities law attorney with extensive experience in governance, compliance, and financing, particularly for public and private companies. She will serve as Chair of the Audit Committee. The Chairman and CEO, Fred W. Wagenhals, expressed enthusiasm about her appointment, highlighting her entrepreneurial background and expertise with micro-cap growth companies, which is seen as valuable for the board's dynamics.
AMMO, Inc. (Nasdaq: POWW) announced the successful closing of an over-allotment option for 1,284,643 additional shares, raising approximately $2.7 million. Additionally, CEO Fred Wagenhals converted $2.1 million of a $3.5 million loan into equity, receiving 1 million shares. The loan conversion reduces the principal to $1.4 million, reflecting Wagenhals's commitment to the company's growth and shareholder value. The offering and conversion align with AMMO's strategy for financial stability and expansion in the ammunition sector.
AMMO, Inc. (NASDAQ: POWW) announces a positive outlook amid a booming ammunition market projected to grow from $20.8 billion in 2020 to $24.9 billion by 2025. The company reports $135 million in open orders, including a recent $5 million purchase order for its patented STREAK™ Visual Ammunition. With record firearm purchases, driven by various socio-political factors, AMMO aims for significant revenue growth by enhancing its production capacity. The company's unique offerings are designed to improve user experience across multiple sectors, including law enforcement and military.
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