Ammo Inc - POWWP STOCK NEWS

AMMO, Inc. (Nasdaq: POWW, POWWP) has raised its Q2 revenue estimate from $51 million to approximately $55 million for the period ending September 30, 2021. This positive adjustment reflects strong transaction activity at its online marketplace, GunBroker.com, which shows robust growth compared to last year. The company's ammunition business is thriving due to high demand and increased manufacturing capacity, including a 15% rise in brass production. AMMO is on track to operationalize a new plant by Summer 2022, enhancing its production capabilities further.

AMMO, Inc. (NASDAQ: POWW & POWWP) announced a new contract with the Irregular Warfare Technical Support Directorate (IWTSD) to design and manufacture signature-on-target rounds (SoT) for U.S. military operations. The SoT ammunition enhances targeting capabilities by allowing visibility of impacted rounds without revealing the shooter's position, increasing survivability and lethality for operators. This contract highlights AMMO’s commitment to supporting critical military needs and advancing its development efforts within the defense sector.

AMMO, Inc. (Nasdaq: POWW, POWWP) announces a quarterly cash dividend of $0.241246528 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on September 15, 2021. Record date for eligibility is August 31, 2021. Founded in 2016, AMMO is a producer of high-performance ammunition and operates GunBroker.com, the largest online marketplace for firearms and related products. The company aims to innovate the munitions industry and promotes various specialized ammunition products.

AMMO, Inc. (Nasdaq: POWW, POWWP) reported record net revenues of $44.5 million for its first fiscal quarter of 2022, a 360% increase year-over-year, driven by strong ammunition sales and the acquisition of GunBroker.com. The company achieved a diluted EPS of $0.08, reversing a loss from the prior year, while adjusted EPS rose to $0.13. With a gross profit margin of 42.7%, net income reached $9.5 million. The company raised its fiscal 2022 revenue outlook to $210 million

and adjusted EBITDA guidance to $70 million.

AMMO, Inc. (Nasdaq: POWW, POWWP) has announced it will release its financial results for the fiscal first quarter of 2022, which ended June 30, 2021, on August 16, 2021, following the market's close. A conference call for investors is scheduled at 5:00 p.m. EDT on the same day. The company is known for its innovative solutions in ammunition manufacturing, focusing on law enforcement, military, and sport shooting sectors.

AMMO, Inc. (Nasdaq: POWW & POWWP) announced an anticipated revenue of at least $51 million for Q2 fiscal 2021, marking a remarkable year-over-year increase of over 400%. This growth is attributed to robust demand across its product range and successful integration of GunBroker.com, a recently acquired online marketplace. CEO Fred Wagenhals expressed confidence in the company's growth strategy and operational momentum.

AMMO, Inc. (Nasdaq: POWW, POWWP) announced expected quarterly revenue of $44 million for Q1 FY2022, marking the company’s first profitable quarter. This reflects a remarkable 354% year-over-year increase. The revenue report is anticipated by August 16, 2021. CEO Fred Wagenhals highlighted the achievements of the operational teams across various states and the integration of GunBroker.com into their business model, aiming to meet growing consumer demand.

AMMO, Inc. (Nasdaq: POWW) announced its plans for a transformative Fiscal 2022, projecting significant increases in revenue and earnings per share. Following its acquisition of GunBroker, the leading online marketplace, AMMO aims to enhance customer experience by introducing additional product offerings. In the earnings call, management emphasized a record-setting gross merchandising volume (GMV) and operational leverage critical for future growth. They project a revenue guidance of $190 million, leveraging innovations in military and consumer ammunition.

AMMO, Inc. (Nasdaq: POWW, POWWP) reported impressive fiscal fourth quarter and annual results for 2021, highlighting a 409% increase in quarterly sales to $24.2 million and a 300% rise in annual sales to $62.5 million. With a gross profit margin of 23%, operating expenses decreased significantly. Adjusted EBITDA grew 296% in Q4 to $4.8 million and 213% annually to $8.1 million. The firm expects strong demand to continue in 2022, guided by $41 million in revenue for Q1, due in part to the new Gunbroker.com acquisition.