Ammo Inc - POWWP STOCK NEWS

AMMO, Inc. (Nasdaq: POWW, POWWP) announced a cash dividend of $0.546875 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid on March 15, 2022, to shareholders recorded as of the close of business on February 28, 2022. The Company continues to innovate within the ammunition industry, emphasizing its patented products. For more updates on AMMO and its offerings, visit www.ammo-inc.com.

AMMO, a leading ammunition producer, reported record net revenues of $64.7 million for Q3 fiscal 2022, reflecting a remarkable 289% increase year-over-year. Gross profit margin improved to 34.8% from 20.1%, with net income of $9.1 million compared to a loss last year. The company emphasizes strong demand, with ammunition sales rising 243% and marketplace revenue at $17.6 million. AMMO reaffirms its fiscal 2022 outlook of $250 million in revenue and $80 million in adjusted EBITDA, showcasing a positive growth trajectory.

AMMO, Inc. (Nasdaq: POWW, POWWP) has authorized a share repurchase program for up to $30 million of its outstanding common stock. The CEO, Fred Wagenhals, emphasized this decision as a commitment to increasing shareholder value while allowing the company flexibility in deploying cash flow. The repurchase can be executed at the company’s discretion based on market conditions and is expected to commence following the financial results for the 2022 3rd quarter. This initiative indicates AMMO's confidence in its growing revenues and strong balance sheet.

AMMO, Inc. (Nasdaq: POWW) announced it will release its fiscal Q3 2022 financial results on February 14, 2022, after market close. A conference call for investors will follow at 5:00 p.m. EDT. The company, recognized for its high-performance ammunition and components, emphasizes innovation within the munitions industry. Reports are anticipated to include key metrics related to earnings and revenue, providing insights into the company's performance and future direction.

AMMO, Inc. (Nasdaq: POWW, POWWP) has reiterated its revenue guidance of $250 Million for the fiscal year ending March 31, 2022, citing robust demand in the ammunition market. CEO Fred Wagenhals emphasized the company's continued success with year-over-year revenue growth from GunBroker.com, the largest online firearms marketplace. The company is also set to open a new state-of-the-art plant in Wisconsin to meet increasing demand. Operating expenses are reportedly decreasing through enhanced technology and operational efficiencies.

AMMO, Inc. (Nasdaq: POWW, POWWP) announced that CEO Fred Wagenhals, President Rob Goodmanson, and CFO Rob Wiley will join a virtual fireside chat at the 2022 ICR Conference on January 11, 2022, at 4:00 p.m. ET. The live webcast can be accessed via the Company’s Investor Relations website, with an archived replay available afterward. AMMO, based in Scottsdale, Arizona, specializes in high-performance ammunition and owns GunBroker.com, the largest online firearms marketplace.

AMMO, Inc. (Nasdaq: POWW, POWWP) announced it will present at the Emerging Growth Conference on January 5, 2022, at 2:00 PM ET. This event allows shareholders and the investment community to interact with the Company in real-time for 30 minutes. Registration is available online, and an archived webcast will be accessible post-event. The conference aims to showcase companies with innovative products and strong growth potential to a broad audience of investors.

AMMO designs and manufactures high-performance ammunition and components, and owns GunBroker.com, the largest online firearms marketplace.

AMMO, Inc. (Nasdaq: POWW, POWWP) has announced that holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock will receive a cash dividend of $1.0148 per share. This dividend will be paid on December 15, 2021 for shareholders of record as of the close of business on November 30, 2021. The company continues to innovate in the ammunition industry and operates GunBroker.com, the largest online firearms marketplace.

AMMO, Inc. (Nasdaq: POWW, POWWP) reported a record net revenue of $61.0 million for Q2 fiscal 2022, a remarkable 408% increase year-over-year. The company achieved a diluted EPS of $0.11, up from a loss of $0.05, and an adjusted EPS of $0.17, compared to a loss of $0.01 last year. Gross profit margin improved to 43.0%, driven by significant gains in the Ammunition segment and the acquisition of GunBroker.com. The company raised its fiscal 2022 revenue outlook to $250 million and adjusted EBITDA to $80 million.