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) 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.
AMMO, Inc. (Nasdaq: POWW, POWWP) will release its fiscal second quarter 2023 financial results on November 14, 2022, after market close. The company will hold a conference call for investors at 5:00 p.m. EST the same day. Investors can participate via phone or webcast. AMMO, founded in 2016, is known for its innovative ammunition products and operates GunBroker.com, the largest online marketplace for firearms and shooting sports. The company also encourages shareholders to read the upcoming proxy statements related to its Annual Meeting.
AMMO, Inc. (Nasdaq: POWW, POWWP) has successfully operationalized its .50BMG manufacturing line, supporting a South American export deal for 2.5 million rounds valued over $15 million. The new Manitowoc, WI plant is ramping up capacity weekly, and AMMO is receiving increased international inquiries. CEO Fred Wagenhals highlighted the company's ability to meet both U.S. and global demand, indicating strong market recognition. This order positions AMMO to further expand its production capabilities and cater to international markets.
AMMO, Inc. (Nasdaq: POWW, POWWP) has opened a new 185,000 sq. ft. facility in Manitowoc, Wisconsin, significantly enhancing its lab and range capabilities. This state-of-the-art plant includes a multi-lane underground range and advanced testing equipment for both standard and armor-piercing ammunition. The facility aims to innovate ammunition technology, including newly developed multi-part casings. AMMO is dedicated to supporting military programs and maintaining a leadership role in the ammunition industry.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced the launch of its proprietary eCommerce payment processing platform, targeting January 1, 2023. This move aims to enhance the buyer/seller experience on GunBroker.com and is projected to increase net income by $5 million annually by eliminating third-party processor BitRail. The platform will offer secure transactions, fraud protection, and loyalty programs. CEO Fred Wagenhals stated that this initiative will improve transaction volume and revenue, ultimately benefiting shareholders.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced its in-house marketing suite launch for manufacturers and sellers by January 1, 2023. The suite aims to enhance sales directly to consumers via GunBroker.com, leveraging significant consumer data for improved targeting. The initiative positions the company to increase market share and creates additional revenue opportunities, projecting annual revenue between $5-$10 million. AMMO's Chairman & CEO highlights this as a strategic move to enhance shareholder value and harness the Marketplace's reach.
AMMO, Inc. (Nasdaq: POWW, POWWP) has initiated the manufacturing and distribution of its .50 BMG High Accuracy ammunition from a new facility in Wisconsin. The state-of-the-art plant, with a capacity of 2 million rounds per month, is anticipated to generate an additional $80 million in annual revenue. Following heightened inquiries for ammunition from Eastern European customers, AMMO aims to expand production. The company’s armor-piercing and incendiary rounds are undergoing load testing for market readiness.
AMMO, Inc. (NASDAQ: POWW, POWWP) announced its President, Rob Goodmanson, will present at the MicroCap Rodeo Windy City Roundup 2022 in Chicago on October 13th at 9:00 AM CT. The presentation will be streamed live and available for replay. Investors can also schedule one-on-one meetings during the event. This conference connects investors with over 60 microcap companies to explore potential investment opportunities and industry trends for 2023. For more details about AMMO, visit www.ammo-inc.com.
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