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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) announced an earnings conference call scheduled for June 29, 2021, at 5:00 p.m. EDT. The company confirmed a remarkable 2021 fiscal year revenue guidance of $62 million, marking an impressive 319% increase from $14.8 million in 2020. For the fiscal fourth quarter, revenue is projected at $24 million, representing a 400% increase compared to $4.8 million for the same quarter last year.
AMMO, Inc. (Nasdaq: POWW) has been added to the preliminary list of member additions to the Russell 2000® and Russell Microcap® Indexes, effective June 28, 2021. This annual reconstitution captures the largest 4,000 US stocks, enhancing AMMO's liquidity and visibility among institutional investors. With $10.6 trillion in assets benchmarked against these indexes, this inclusion is expected to increase AMMO's appeal in the investment community and supports its long-term shareholder value strategy, according to CEO Fred Wagenhals.
AMMO, Inc. (Nasdaq: POWW) has announced a groundbreaking ceremony for its new manufacturing facility in Manitowoc, WI, scheduled for June 21, 2021. The new plant will significantly enhance AMMO's production capabilities, tripling its footprint and increasing its workforce by over 100 employees over the next 1-3 years. CEO Fred Wagenhals emphasized the company's commitment to advancing technology and meeting consumer demand while fostering revenue growth and benefiting shareholders. The ceremony will be attended by senior management and local government leaders.
AMMO, Inc. (Nasdaq: POWW) has announced a sponsorship deal with Richard Childress Racing to sponsor the No. 23 Chevrolet driven by Ty Dillon in the upcoming NASCAR Xfinity Series race on May 29 at Charlotte Motor Speedway. CEO Fred Wagenhals emphasized the strategic alignment between AMMO and NASCAR enthusiasts. Dillon expressed enthusiasm for the opportunity, highlighting the team's strong performance aspirations. This partnership aims to elevate AMMO's brand visibility within the sporting community while supporting their shared values of patriotism and the 2nd Amendment.
AMMO, Inc. (Nasdaq: POWW) announced its first profitable quarter with revenue of $41 million for Q1 of the fiscal year 2022, ending June 30, 2021. The achievement marks significant growth and operational scale for the company since its inception. CEO Fred Wagenhals highlighted ongoing efforts in product refinement and capacity expansion, which are expected to drive continued revenue growth and shareholder value. AMMO also plans to report its fiscal 2021 results on or before June 29, with a call scheduled for updates.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant financial growth for Q1 2021. Interest income surged 206% to $546,842, while earnings from operations fell to $12,984 due to $200,000 in officer bonuses. Shareholder equity rose by 37% to $13.3M, and net asset value per share increased 41% to $1.24. The Company aims to expand its loan offerings, leveraging third-party financing opportunities, notably with gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). Risks include competition and market changes affecting loan rates.
AMMO, Inc. (Nasdaq: POWW) announced a seven-figure international ammunition deal expected to yield a gross profit margin of approximately 50%. This transaction will contribute to an anticipated $30 million in international revenue for the year, part of the previously projected $190 million total revenue. CEO Fred Wagenhals noted a rise in international market activity post-COVID, enhancing their capacity to meet demand.
AMMO, Inc. (Nasdaq: POWW) has provided an updated revenue guidance for its fiscal year ending March 31, 2022, forecasting $190 million, marking a significant 206% growth. The company also anticipates an Adjusted EBITDA exceeding $65 million and expects to achieve positive net income for the first time in fiscal year 2022, largely driven by the recent acquisition of GunBroker.com. This integration is set to enhance product offerings and operational efficiencies, benefiting shareholders.
AMMO, Inc. (Nasdaq: POWW) has announced a non-binding Letter of Intent with Mill City Ventures III, Ltd., to offer short-term consumer financing options on GunBroker.com. CEO Fred Wagenhals expects a potential 30% increase in average order volume and a 20% rise in repeat user metrics from this initiative. The partnership aims to improve user access and revenue, benefiting both companies financially. Final terms of the financing agreement are expected to be finalized in Q2 2021, though success isn't guaranteed.
AMMO, Inc. (Nasdaq: POWW) has successfully completed the acquisition of GunBroker.com in a deal valued at approximately $240 million. This acquisition transforms GunBroker.com into a wholly owned subsidiary of AMMO, enhancing its operational capabilities in the online auction marketplace for firearms and related products. AMMO expects the integration to diversify its revenue streams and leverage GunBroker.com’s established platform for future growth. The company will provide updated financial guidance on May 11, 2021.