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 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.
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.