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 (POWW) combines precision ammunition manufacturing with digital marketplace leadership through GunBroker.com, serving the shooting sports and firearms industries. This news hub provides investors and industry professionals with direct access to official company communications and market developments.
Track essential updates including quarterly earnings, manufacturing innovations, and marketplace enhancements. Our curated collection features press releases on product launches, strategic partnerships, and operational milestones that demonstrate the company's vertical integration strategy.
All content is sourced from verified company communications to ensure accuracy. The organized format allows quick scanning of financial results, leadership changes, and industry-specific developments. Regular updates reflect Ammo Inc's dual focus on advanced manufacturing techniques and e-commerce platform growth.
Bookmark this page for streamlined access to POWW's latest announcements. Combine these primary sources with broader market analysis to maintain informed perspectives on the company's manufacturing capabilities and digital marketplace performance.
AMMO, Inc. (Nasdaq: POWW, POWWP) has announced the extension of its share repurchase program by up to $30 million until February 2024. Previously, approximately $29.7 million was available under the plan. The buybacks will be conducted at the company's discretion in the open market or via negotiated transactions, subject to market conditions. The program aims to enhance shareholder value and may be suspended at any time. AMMO operates GunBroker.com, the largest online marketplace for firearms, emphasizing high-performance ammunition production and responsible gun ownership.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced its participation in the 35th Annual Roth Conference from March 12-14, 2023, held at The Ritz Carlton, Laguna Niguel, California. Management will engage in a fireside chat on March 14, 2023, from 9:00 AM to 9:25 AM Pacific Time, focusing on the firearms and shooting sports sectors. One-on-one meetings with investors and analysts will also be conducted during this event. Established in 2016, AMMO designs performance ammunition for law enforcement, military, and sports shooting. For more details, visit www.ammo-inc.com.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a cash dividend of $0.546875 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid to holders of record as of February 28, 2023, with a payment date set for March 15, 2023. The company operates GunBroker.com, the largest online marketplace for firearms, and is recognized as a leading producer of high-performance ammunition. AMMO aims to innovate within the munitions industry, offering patented products for various applications, including law enforcement and self-defense.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported a 40% decrease in net revenues for Q3 fiscal 2023, totaling $38.7 million, compared to $64.7 million in Q3 fiscal 2022. The net loss was ($4.1 million), in stark contrast to a net income of $9.1 million last year. Additionally, Adjusted EBITDA has dropped to $4.8 million from $10.7 million. Despite these challenges attributed to inflation and a declining ammunition market, the company noted a growing user base on GunBroker.com and a 5.7% average take rate. Management has adjusted guidance for fiscal 2023 to $185 million in revenues and $22 million in Adjusted EBITDA.
