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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. 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.
AMMO, Inc. (Nasdaq: POWW) announced a share repurchase of 1 million shares for $1.5 million, representing 2% of its outstanding shares. This decision reflects the Company's confidence in its long-term prospects and aims to reduce shareholder dilution. The repurchased shares will be retired upon completion of the transaction. CEO Fred Wagenhals emphasized the importance of balanced capital deployment to support share demand and enhance shareholder value.
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.