Outdoor Holding Company Stock Price, News & Analysis

AMMO, Inc. (Nasdaq: POWW) announced positive financial indicators during its Q3 earnings call on February 16, 2021. The company reported a positive Adjusted EBITDA of $2.4 million for the quarter, contributing to a nine-month total of $3.3 million. Despite a net loss of $1.9 million, excluding non-cash expenses, AMMO achieved a net income of approximately $500,000. The gross margin for Q3 reached around 20%, an 88% increase compared to the prior quarter. AMMO expects transformative growth in FY2022, driven by a pending acquisition and operational efficiencies.

AMMO, Inc. (Nasdaq: POWW) announced its fiscal third quarter results for 2021, reporting sales of $16.6 million, a remarkable 500% increase year-over-year. For the nine-month period, sales reached $38.3 million, up 282%. Gross profit margins improved to approximately 20%, a 163% increase. Adjusted EBITDA for the quarter grew to $2.4 million, reflecting a 295% increase. Despite a net loss of $1.9 million for the quarter, AMMO anticipates continued growth with guidance of $20 million for Q4 and $58 million for the fiscal year ending March 31, 2021.

AMMO, Inc. (NASDAQ: POWW) announced a significant corporate update showcasing its strong growth trajectory. Notably, it signed a Letter of Intent to acquire GunBroker.com for $240 million, which boasts an estimated $60 million in revenue and over $40 million in EBITDA for 2020. The company is also investing over $12 million in a new ammunition manufacturing plant in Wisconsin, expected to triple output and reduce operational costs by $1 million. Share repurchase of 1 million shares at $1.50 each also highlights value enhancement for shareholders.

AMMO, Inc. (Nasdaq: POWW) has announced a non-binding letter of intent with IA Tech LLC to acquire GunBroker.com for approximately $240 million. This acquisition aims to enhance AMMO's vertical integration strategy and diversify its revenue base with GunBroker's estimated 2020 revenue of $60 million and EBITDA of over $40 million. The transaction is expected to close by March 31, 2021, subject to due diligence, regulatory approvals, and other conditions. Current AMMO shareholders will hold the majority in the combined company, positioning AMMO for increased sales and operational efficiencies.

AMMO, Inc. (NASDAQ: POWW) will host a conference call on February 16, 2021, at 4:30 p.m. EST to discuss its fiscal third quarter financial results. Investors can participate by dialing 1-877-407-0789 (domestic) or 1-201-689-8562 (international), or via a webcast. AMMO, founded in 2016, designs and manufactures munitions for various applications, including military and law enforcement. More details can be found at www.ammo-inc.com.

AMMO, Inc. (Nasdaq: POWW) reported a 256% year-over-year increase in orders shipped, reaching a record $180 million in backlog as of February 1, 2021. The Company is significantly enhancing its manufacturing and shipping capacity to meet escalating global demand for ammunition. CEO Fred Wagenhals highlighted new retail distribution partnerships and robust demand anticipated throughout 2021 into 2022. The Company's earnings call on February 16th will address revenue results and industry outlook.

AMMO, Inc. (Nasdaq: POWW) reported a remarkable fiscal performance for Q3 2021, showcasing a 500% year-over-year revenue increase, with projected revenues exceeding $16.5 million. The company also noted a 38% quarter-over-quarter growth and impressive triple-digit growth in both EBITDA and Gross Profit Margin. These results are attributed to increased operational scale and heightened demand for its products amidst rising gun ownership trends in the US. The earnings call is scheduled for February 16, 2021.

AMMO, Inc. announces the appointment of Richard Childress to its Board of Directors, effective January 19, 2021. Childress, a prominent NASCAR figure and advocate for 2nd Amendment rights, brings over fifty years of business experience to the company. His expertise is anticipated to strengthen AMMO's leadership. Concurrently, Randy Luth stepped down from the Board, citing the need to focus on his firearms components manufacturing business. Luth expressed confidence in AMMO’s management and welcomed Childress's addition as a positive change for the company.

AMMO, Inc. (Nasdaq: POWW) announced a significant international transaction involving 7.62mm ammunition, highlighting its commitment to diversifying business amid strong US market demand. CEO Fred Wagenhals emphasized the importance of building overseas relationships in commercial, law enforcement, and military markets. He noted that the opening import/export markets have enabled the company to secure this deal, with expectations for further transactions in the future. AMMO produces a range of munitions including patented STREAK™ Visual Ammunition and subsonic munitions.