Outdoor Holding Company Stock Price, News & Analysis

AMMO, Inc. (Nasdaq: POWW) forecasts approximately $20 million in revenue for Q4 FY 2021, marking a 317% increase year-over-year from $4.8 million in Q4 FY 2020 and a 21% rise from $16.5 million in Q3 FY 2021. Total revenue guidance for FY 2021 stands at $58.2 million, up 293% from FY 2020. The demand surge is attributed to the recent U.S. Senate elections and ongoing political uncertainties, driving sales, especially in military and law enforcement sectors. The company also emphasizes growth in adjusted EBITDA for its third consecutive quarter.

AMMO, Inc. (Nasdaq: POWW) has announced plans to acquire over 35 acres in Manitowoc, Wisconsin, to build a $12 million, 160,000 sq. ft. ammunition manufacturing plant. This development follows unanimous approval from the City Council and aims to significantly boost the company's manufacturing capabilities. The new plant is expected to create approximately 150 jobs and is projected to be operational by Summer 2022. The expansion aligns with AMMO's strategy to enhance its position in the commercial and military ammunition markets.

AMMO, Inc. (Nasdaq: POWW) plans to report its Q3 fiscal 2021 earnings on or before February 15, 2021. The Company anticipates revenues exceeding $16.5 million, surpassing previous guidance of $15 million. This represents a remarkable 489% year-over-year increase and a 38% sequential increase from Q2's $12.0 million. CEO Fred Wagenhals commended the team's performance, attributing the growth to increased efficiency and output capacity.

AMMO, Inc. (Nasdaq: POWW) has appointed Jessica M. Lockett to its Board of Directors effective December 17, 2020. Lockett is a corporate and securities law attorney with extensive experience in governance, compliance, and financing, particularly for public and private companies. She will serve as Chair of the Audit Committee. The Chairman and CEO, Fred W. Wagenhals, expressed enthusiasm about her appointment, highlighting her entrepreneurial background and expertise with micro-cap growth companies, which is seen as valuable for the board's dynamics.

AMMO, Inc. (Nasdaq: POWW) announced the successful closing of an over-allotment option for 1,284,643 additional shares, raising approximately $2.7 million. Additionally, CEO Fred Wagenhals converted $2.1 million of a $3.5 million loan into equity, receiving 1 million shares. The loan conversion reduces the principal to $1.4 million, reflecting Wagenhals's commitment to the company's growth and shareholder value. The offering and conversion align with AMMO's strategy for financial stability and expansion in the ammunition sector.

AMMO, Inc. (NASDAQ: POWW) announces a positive outlook amid a booming ammunition market projected to grow from $20.8 billion in 2020 to $24.9 billion by 2025. The company reports $135 million in open orders, including a recent $5 million purchase order for its patented STREAK™ Visual Ammunition. With record firearm purchases, driven by various socio-political factors, AMMO aims for significant revenue growth by enhancing its production capacity. The company's unique offerings are designed to improve user experience across multiple sectors, including law enforcement and military.

AMMO, Inc. (NASDAQ: POWW) reported a record sales increase of $55 million for fiscal year 2021, marking a 272% year-over-year growth. The company achieved a backlog of $135 million in orders, the largest in its history. In Q2 2021, total revenue surged 307% to $12 million, with ammunition revenue up 564%. Guidance for Q3 forecasts $15 million in revenue, a 435% increase. Additionally, AMMO completed an $18 million public offering, enhancing its capital position as it aims for growth in the competitive ammunition market.

AMMO, Inc. (Nasdaq: POWW) announced the closing of its underwritten public offering of 8,564,285 shares at $2.10 per share, resulting in gross proceeds of approximately $17.98 million. The offering proceeds will support capital expenditures, product research and development, sales and marketing enhancements, and general corporate purposes. The company recently uplisted to Nasdaq on December 1, 2020, which CEO Fred Wagenhals believes will help disrupt the ammunition industry and increase shareholder value.

AMMO, Inc. (Nasdaq: POWW) announced a public offering of 8,564,285 shares at $2.10 each, aiming to raise $18 million before expenses. The offering is expected to close on December 3, 2020, and includes an option for underwriters to purchase an additional 1,284,643 shares. The funds will support product development, enhance sales and marketing, and provide working capital. Additionally, AMMO's stock began trading on Nasdaq on December 1, 2020, enhancing visibility and liquidity.