Welcome to our dedicated page for Ammo news (Ticker: POWWP), a resource for investors and traders seeking the latest updates and insights on Ammo stock.
AMMO Inc (POWWP) maintains this comprehensive news hub for investors and industry observers tracking developments in precision ammunition manufacturing and specialized firearms commerce. Our curated collection features official press releases, regulatory filings, and verified updates spanning both core business segments.
This resource serves as a centralized repository for monitoring POWWP's operational milestones, including product innovations at its manufacturing facilities and platform enhancements to GunBroker.com. Users will find timely updates on earnings reports, strategic partnerships, quality certifications, and marketplace performance metrics.
The news archive organizes content by key operational categories: ammunition production developments, e-commerce platform updates, leadership announcements, and industry compliance matters. Each entry maintains strict editorial standards to ensure accuracy and relevance for financial analysis.
Bookmark this page for streamlined access to POWWP's latest corporate communications. Regular visitors gain strategic insights into how the company balances traditional manufacturing excellence with digital marketplace innovation in the firearms sector.
AMMO Inc. (Nasdaq: POWW), owner of GunBroker.com, reported its Fourth Quarter and Fiscal Year 2024 results, ending March 31, 2024.
Key highlights include:
Fiscal Year 2024: Net revenues of $145.1 million, a 24.2% decrease; Gross profit margin of 29.4%; Adjusted EBITDA of $15.4 million, down from $26.4 million; Net loss of $15.6 million, compared to $4.6 million last year; Diluted EPS of ($0.16), down from ($0.07).
Fourth Quarter 2024: Net revenues of $40.4 million, a 7.5% decrease; Gross profit margin of 23.3%; Adjusted EBITDA of $2.2 million, down from $3.8 million; Net loss of $5.3 million, compared to $2.9 million last year; Diluted EPS of ($0.05), down from ($0.04).
GunBroker.com recorded new user growth of 30,000 per month in FY2024, with a revenue of $53.9 million.
CEO Jared Smith highlighted progress in rifle ammunition and casing sales and improvements in GunBroker's capabilities, forecasting a stronger Fiscal 2025.
AMMO, Inc. (Nasdaq: POWW), owner of GunBroker.com, announced it will release its Fourth Quarter and Fiscal Year 2024 financial results on June 13, 2024, after market close. A conference call will follow at 5:00 PM ET to discuss the results and provide corporate updates. Participants can preregister for the call online or join via dial-in numbers for domestic and international access. The call will also be webcast live on the company's website.
AMMO, owner of GunBroker, the largest online marketplace for firearms, has partnered with Gearfire Capital to provide Buy Now, Pay Later (BNPL) financing solutions. This collaboration aims to boost sales for firearms retailers by offering flexible financing options to customers. CEO Jared Smith highlighted that this partnership will help retailers compete better by offering tailored financing, while Gearfire's CEO JW Shultz emphasized the potential for expanding customer bases. The new financing programs are expected to be available later in 2024.
AMMO (Nasdaq: POWW, POWWP), based in Scottsdale, Arizona, and the owner of GunBroker.com, has announced a cash dividend for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Shareholders on record as of May 31, 2024, will receive a dividend of $0.55902778 per share. The payment is scheduled for June 17, 2024.
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