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) 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.
AMMO, Inc. (NASDAQ: POWW, POWWP) has appointed Christos Tsentas and Wayne Walker to its Board of Directors as part of a settlement with the Urvan Group. This agreement leads to the withdrawal of the Urvan Group's slate of nominees and aims to enhance shareholder value. The company will also suspend the separation of its ammunition and marketplace businesses due to market conditions and feedback from shareholders. A CEO succession committee will be formed to plan for future leadership. The company ended its internal investigation involving board members.
Goldman Small Cap Research has released a new report on AMMO, Inc. (NASDAQ:POWW), highlighting its strong positioning as a top U.S. munitions producer. The report discusses potential operational efficiencies from a new facility, projected sales growth to military and law enforcement, and a controversial management proposal to separate its munitions and marketplace businesses. The report sets a price target based on projected revenue of $300M and adjusted EBITDA of $108M for FY23. This creates an attractive entry point for investors amid a pending proxy battle.
AMMO, Inc. (Nasdaq: POWW, POWWP) is the title sponsor of the U.S. Concealed Carry Association’s annual Expo from Nov. 11-13 in Fort Worth, TX, expecting 15,000 attendees. The event features self-defense seminars and product exhibitions, underscoring AMMO's commitment to the firearms industry. Attendees can visit AMMO at booth #919 for new and returning training sessions. Founded in 2016, AMMO designs high-performance ammunition and promotes responsible gun ownership through its marketplace, GunBroker.com.
