Welcome to our dedicated page for Ammo news (Ticker: POWWP), a resource for investors and traders seeking the latest updates and insights on Ammo stock.
AMMO Inc is the owner of GunBroker.com, the online marketplace serving the firearms and shooting sports industries, and a producer of high-performance ammunition and components. They design, manufacture, and market ammunition products in the United States, with revenue primarily from the Ammunition segment.
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.
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.
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.
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