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 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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AMMO, Inc. (Nasdaq: POWW, POWWP) announced it received acknowledgment from the Ukraine Ministry of Defense for donating one million rounds of ammunition. Colonel Oleksii Nahorianskyi expressed gratitude for this contribution to the Ukrainian Armed Forces in their effort for sovereignty. CEO Fred Wagenhals highlighted the company's ongoing support for Ukraine's fight. Founded in 2016, AMMO, Inc. is a major producer of high-performance ammunition and components, with its corporate headquarters in Scottsdale, Arizona.
GAT Marketing has announced a partnership with AMMO, Inc. (NASDAQ: POWW, POWWP), the owner of GunBroker.com, to enhance digital marketing efforts. AMMO, known for its high-performance ammunition, is experiencing significant growth, recently donating one million rounds to Ukraine. GAT Marketing has seen over 2000% revenue growth since 2018 and emphasizes strong ROI for its clients. This collaboration aims to drive traffic to GunBroker.com and expand AMMO's market presence.
AMMO, Inc. (Nasdaq: POWW, POWWP) has successfully delivered 1 million rounds of donated ammunition to Ukrainian authorities. This initiative supports Ukraine's efforts to safeguard its citizens amidst ongoing conflicts. Chairman & CEO Fred Wagenhals highlighted the significance of this contribution and stated that the team is exploring further opportunities to assist Ukraine.
AMMO operates GunBroker.com, the largest online firearms marketplace, and specializes in high-performance ammunition. Established in 2016, AMMO aims to innovate within the munitions industry.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced a strategic partnership with Digital Cash Processing (DCP) to enhance transaction processes on GunBroker.com, the largest online firearms marketplace. This collaboration aims to improve digital payment solutions, facilitating faster and more secure transactions for users. CEO Fred Wagenhals highlighted the synergies expected from this partnership, reinforcing their commitment to leveraging GunBroker.com's capabilities to meet evolving digital economy demands.
AMMO, Inc. (Nasdaq: POWW, POWWP) announced that its CEO, Fred Wagenhals, will appear on Varney & Company on March 14, 2022. During the segment, he will discuss the company's significant donation of 1 million rounds of ammunition to the Armed Forces of Ukraine and provide insights into the current ammunition market. This appearance aims to highlight AMMO's commitment to supporting military efforts and its position in the firearms industry.