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Outdoor Holding Company reports developments tied to GunBroker.com, its online marketplace for firearms, hunting, shooting and related products. Recent updates center on marketplace technology, seller listing tools, Federal Firearms License transfer workflows, quarterly results, investor communications, preferred stock dividends and common-stock repurchase authorization.
The company has also reported the resolution of legacy legal and regulatory matters and describes its post-divestiture focus as a marketplace-centered business. GunBroker.com listings are posted by third-party sellers, with firearm transactions governed by federal and state law and completed through licensed firearms dealers as transfer agents.
AMMO, Inc. (Nasdaq: POWW, POWWP) has declared a cash dividend of $0.55902778 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock as of August 31, 2022. The dividend will be paid on September 15, 2022. This announcement reinforces AMMO's commitment to providing returns to its investors while operating as a leading firearms marketplace through GunBroker.com and a manufacturer of high-performance ammunition. The company was founded in 2016 and aims to innovate the munitions industry.
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AMMO, Inc. (NASDAQ: POWW, POWWP) has announced a plan to separate its ammunition and marketplace divisions into two independent companies. Outdoor Online, Inc. will contain GunBroker.com and related operations, while Action Outdoor Sports, Inc. will focus on ammunition and components. Fred Wagenhals will serve as CEO of Outdoor Online. The separation is set to be completed in 2023 and is expected to enhance shareholder value, streamline capital allocation, and attract top industry talent. The transaction will be structured as a tax-free spin-off.
AMMO, Inc. (Nasdaq: POWW, POWWP) will release its fiscal Q1 2023 financial results after market close on August 15, 2022. This period ended June 30, 2022. A conference call for investors is scheduled for the same day at 5:00 PM EDT. The call will be accessible via phone or an audio-only webcast. AMMO, known for its high-performance ammunition and the ownership of GunBroker.com, aims to innovate within the munitions industry, particularly with products designed for law enforcement and military use.
AMMO, Inc. has unveiled a state-of-the-art manufacturing facility in Wisconsin on July 18, 2022, which spans 185,000 sq. ft. This facility supports the production of the new Green Streak™ ammunition, featuring patented one-way luminescent technology (O.W.L. Technology™). This innovative ammunition enhances visibility for shooters while remaining undetectable from targets, solving issues related to flammable tracers. The Green variant aims to meet demands in commercial and military markets, building on the success of the existing Red Streak™ ammunition.
AMMO, Inc. (Nasdaq: POWW, POWWP) has engaged CORE IR to enhance its investor relations and shareholder communications. This strategic partnership aims to boost market awareness and communicate AMMO's growth strategies effectively to potential institutional and retail investors. Fred Wagenhals, Chairman and CEO, expressed confidence that CORE IR's approach will help broaden investor engagement and support the company's growth trajectory. CORE IR specializes in tailored strategies for small to mid-sized companies, promising effective outreach and investor engagement.
AMMO, Inc. (Nasdaq: POWW, POWWP) reported remarkable fiscal year 2022 results with net revenues soaring 285% to $240.3 million. Gross profit margin improved to 37%, up from 18%. Adjusted EBITDA surged 832% to $75.5 million, and net income reached $33.2 million, reversing a previous loss. For fiscal 2023, AMMO anticipates revenues of $300-$310 million and EBITDA of $82-$85 million. The company aims to leverage a new manufacturing facility to significantly increase ammunition production, which is forecasted to enhance growth and margins further.
AMMO, Inc. (Nasdaq: POWW, POWWP) will release its fiscal fourth quarter and full year 2022 financial results on June 29, 2022, post-market. The company, known for GunBroker.com and high-performance ammunition, will also host a conference call for investors at 5:00 p.m. EDT. Interested participants can join the conference call or access the audio-only webcast. AMMO aims to innovate the munitions industry with patented products like STREAK™ Visual Ammunition and /stelTH/™ subsonic munitions. The press release emphasizes forward-looking statements regarding earnings and future operations.
AMMO, Inc. (Nasdaq: POWW, POWWP) has announced a cash dividend of $0.559 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on June 15, 2022. The dividend will be distributed to shareholders of record as of the close of business on May 31, 2022. AMMO, known for its innovative ammunition products and ownership of GunBroker.com, aims to revolutionize the firearms industry.
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