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 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.
AMMO, Inc. (NASDAQ: POWW, POWWP) announced plans to separate its manufacturing and marketplace operations into two distinct public companies. Shareholders of AMMO will receive shares in both Outdoor Online, Inc. (which includes GunBroker.com) and Action Outdoor Sports, Inc. (the current ammunition business) upon completion of the separation. This strategic move aims to enhance operational focus and maximize shareholder value. The company promotes innovative products in law enforcement, military, and shooting sports.
AMMO, Inc. (Nasdaq: POWW, POWWP) has expanded its distribution of loaded ammunition, including STREAK™ Visual Ammunition, to 440 retail stores in the U.S. in the first two quarters of the fiscal year. CEO Fred Wagenhals noted that rising demand in the commercial market is driving this growth, which is vital for brand development. Additionally, the company anticipates strong interest in its advanced ammunition from military and law enforcement sectors, identifying this area as a key growth driver for fiscal 2023.
The Urvan Group, owning 17.1% of AMMO's shares, advocates for a timely Annual Meeting this fall, emphasizing shareholder democracy. They have nominated seven director candidates with expertise in governance and ecommerce. Steven Urvan urges independent board members to prioritize shareholder interests over defensive tactics that could waste capital. He stresses transparency and accountability, reminding board members of their fiduciary duties. The group aims to strengthen AMMO's leadership and governance, asserting that their actions will benefit shareholders in the long term.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a ribbon-cutting ceremony for its new 185,000 square foot production facility in Manitowoc, Wisconsin, on September 22, 2022, at 12:00 p.m. CDT. The event is open to the public and will feature remarks from local officials, including Manitowoc Mayor Justin Nickels and CEO Fred Wagenhals. Credentialed media members can participate in limited facility tours following the ceremony. Interested media should contact Victoria Welch by September 15. More details are available in the media kit.
AMMO, Inc. (Nasdaq: POWW, POWWP) has suspended Steven Urvan and Susan Lokey amid an internal investigation into potential misconduct regarding the misappropriation of company data and digital assets. These actions have been taken to protect the company's integrity while the Special Committee investigates the situation, which could impact accountability and governance. While the company does not foresee any financial repercussions from the investigation, there are concerns regarding Urvan’s recent proxy contest aimed at replacing the Board, which may be an attempt to undermine the investigation.
AMMO, Inc. (Nasdaq: POWW, POWWP) announces a ribbon-cutting ceremony for its new 185,000-square-foot production facility in Manitowoc, Wisconsin, scheduled for September 22, 2022. The event will feature local officials and AMMO's senior management team. This facility aims to enhance production capacity to meet increasing demand for ammunition, with future plans to hire an additional 100 employees. CEO Fred Wagenhals highlighted the plant's role in improving efficiency and supporting a projected increase in ammunition production to one billion rounds.
The Urvan Group, representing 17.1% of AMMO, Inc. (NASDAQ: POWW) shares, has nominated seven candidates for the Board of Directors ahead of the 2022 Annual Meeting. They emphasize the need for efficient evaluation of shareholder sentiment and advise against actions that could dilute shareholder value. A preliminary proxy statement will be filed with the SEC, urging shareholders to review this and other proxy materials for important information regarding the nomination process.
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