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 the successful shipment of its patented armor piercing and military-grade ammunition to a European ally under a US State Department export license. This shipment includes products like the .338 Lapua Magnum and .50 BMG Armor Piercing rounds. CEO Fred Wagenhals expressed optimism about expanding international opportunities post-COVID, emphasizing the safety and performance of their products. AMMO aims to support law enforcement and military branches globally, showcasing its innovative approach in the munitions industry.
AMMO, Inc. (Nasdaq: POWW) announced the acquisition of a new high precision ammunition loading line for its Manitowoc, WI plant. This line is designed to produce high precision cartridges that meet the stringent manufacturing standards of the U.S. military for sniper ammunition, while also catering to civilian long-range shooters. CEO Fred Wagenhals highlighted the strategic importance of this purchase to meet growing demand in both military and civilian markets. The company aims to enhance its capacity, building on a history of steady increases over the past 18 months.
AMMO, Inc. (Nasdaq: POWW) has successfully closed its underwritten public offering of 23 million shares at a price of $5.00 per share, raising gross proceeds of $115 million. This offering included the exercise of an over-allotment option for an additional 3 million shares. The funds will be allocated for general corporate purposes, including debt reduction, capital expenditures, and potential acquisitions. The company aims to enhance production capacity and build a new plant, reinforcing its strategic vision.
AMMO, Inc. (Nasdaq: POWW) has announced a public offering of 20,000,000 shares of common stock priced at $5.00 each, with expected gross proceeds of approximately $100 million. The offering is set to close on March 16, 2021, contingent on customary conditions. A 30-day option for underwriters to purchase an additional 3,000,000 shares exists. Funds raised will be allocated for general corporate purposes, including debt reduction and potential acquisitions.
AMMO, Inc. (Nasdaq: POWW) announced plans for an underwritten public offering of new shares of its common stock, with underwriters potentially acquiring an additional 15% of shares sold. Proceeds will be utilized for general corporate purposes, including debt reduction, capital expenditures, and potential acquisitions. Roth Capital Partners and Alexander Capital are managing the offering, which is subject to market conditions. The shares are offered under an effective shelf registration statement.
AMMO, Inc. (Nasdaq: POWW) has signed a Commercial Distribution Agreement with BIO AMMO, S.L., granting exclusive rights to distribute BIO AMMO's patented biodegradable shotgun shells in the U.S. This innovative product includes 12-gauge lead and steel cartridges aimed at the hunting and sporting markets, and is already sold in 20 countries. The biodegradable technology has been certified by TÜV AUSTRIA, and AMMO plans to expand its eco-friendly offerings with new biodegradable ammunition in development.
AMMO, Inc. (Nasdaq: POWW) anticipates reporting $120 million in annual revenue for the fiscal year ending March 31, 2022, with an expected Adjusted EBITDA surpassing $20 million. The company forecasts triple-digit growth in both revenue and Adjusted EBITDA in the upcoming fiscal year, driven by scaling operations and increased production capabilities. CEO Fred Wagenhals emphasized the company's efforts to tackle a growing backlog, which is expected to further enhance financial metrics.
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.