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, 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.
AMMO, Inc. (Nasdaq: POWW, POWWP) will announce its financial results for Q3 fiscal 2023 on February 14, 2023, after market close. The company, known for GunBroker.com, the largest online firearms marketplace, will hold a conference call at 5:00 p.m. EST on the same day. Investors can join the call via local and international dial-in numbers or through a webcast.
Founded in 2016, AMMO aims to innovate the munitions industry by providing high-performance ammunition and components for various uses, including law enforcement and military. More details are available at ammo-inc.com.
AMMO, Inc. (Nasdaq: POWW, POWWP) has appointed Randy Luth, a veteran in the firearms industry, to its Board of Directors. Luth, who previously served on the board from 2017 to 2021, brings nearly 40 years of experience, including founding LUTH-AR, LLC in 2013. He is recognized for his innovation in the AR-15 market. Luth expressed excitement to rejoin AMMO, noting the company's impressive growth. Chairman and CEO Fred Wagenhals praised Luth’s ability to drive innovation in the industry. AMMO, Inc. produces high-performance ammunition and components, aiming to revolutionize the munitions industry.
AMMO, Inc. (NASDAQ: POWW, POWWP) will participate in the 2023 SHOT Show from January 17-20 in Las Vegas, NV. This event offers opportunities for networking with industry professionals and potential customers. CEO Fred Wagenhals emphasized the importance of the show for developing new relationships and discussing the company's initiatives, including the recent opening of their Wisconsin plant for expanded ammunition production. Attendees can visit AMMO at booth #10351 to learn more about their products and strategies.
AMMO, Inc. (NASDAQ: POWW, POWWP) will attend the 2023 SHOT Show from January 17-23 in Las Vegas, NV. This event is a significant trade show for the firearms and shooting sports industries, drawing professionals from across the globe. CEO Fred Wagenhals highlighted that this opportunity will enhance sales and marketing efforts, fostering commercial relationships. The company aims to showcase its GunBroker.com Marketplace initiatives and increased ammunition manufacturing capacity, especially with the new Wisconsin plant.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced the appointment of Jared Smith as the new Chief Operating Officer & President, effective January 3, 2023. Smith brings extensive experience, having served as General Manager at Fiocchi of America, where he achieved revenue growth from $95 million to over $200 million during his tenure. CEO Fred Wagenhals expressed enthusiasm for Smith's addition, highlighting the strategic growth opportunities in both ammunition production and the GunBroker.com Marketplace.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a cash dividend of $0.5529514 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Record holders as of November 30, 2022, will receive the dividend on December 15, 2022. This payment showcases the company's commitment to returning value to shareholders, reflecting its operational stability in the firearms and ammunition market.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported a 21% decline in net revenues for Q2 FY2023, totaling $48.3 million, compared to $61 million in the previous year. The company recorded a net loss of ($0.8) million and diluted EPS of ($0.01), down from $0.11. Adjusted EBITDA fell to $8.2 million from $24.0 million. The company's new manufacturing facility is now operational, aiming to increase production capacity significantly. Despite a decrease in marketplace revenue of 13%, AMMO plans cost-cutting measures and projects stabilization in commodity pricing, revising guidance for FY2023 revenues to $220-$240 million.
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