Ammo Earnings Reports

AMMO, Inc. reported a decrease in total revenues to $31.0 million compared to $34.3 million in the prior year quarter, with a shift in sales mix and production inefficiencies impacting the ammunition segment. The company is focusing on streamlining manufacturing processes and enhancing GunBroker's functionality to drive sales growth.

AMMO, Inc. reported a decrease in revenue compared to the prior year quarter, primarily due to decreased activity in the marketplace segment. However, casing sales increased, and sequential revenue growth was experienced in the ammunition segment. The company is focused on increasing plant capacity and enhancing the GunBroker platform.

AMMO, Inc. reported total revenues of approximately $36.0 million, compared to $38.7 million in the prior year quarter. The company experienced an improvement in the marginality of its ammunition segment and strong margins in the GunBroker.com marketplace segment. Adjusted EBITDA was approximately $5.4 million, compared to $6.2 million in the prior year quarter. Net loss per share was ($0.02), with adjusted net income per share of $0.04.

AMMO, Inc. reported a decrease in revenue, primarily due to lower ammunition sales, but saw increased casing sales. The company is optimistic about future performance, citing positive trends in ammunition demand and increased activity on GunBroker.com. They reported $129.5 million in current assets including $49.6 million of cash and cash equivalents, in comparison to $27.6 million in current liabilities.

AMMO, Inc. reported first quarter fiscal 2024 results with a decrease in revenue to $34.3 million compared to $60.8 million in the prior year quarter, primarily due to decreased sales in the ammunition segment. However, the company saw improvements in gross margin and generated $13.0 million in cash from operations. The company reported a net loss per share of $0.02 or adjusted net income per share of $0.05.

AMMO, Inc. reported a decrease in fourth-quarter revenue by 37.7% compared to the prior year quarter, with total revenues of $43.7 million. The decrease is mainly attributable to its ammunition segment and the inflationary impacts that are currently affecting the market. The company is shifting to a leaner operating model focusing on higher margin ammunition and increased brass sales.

AMMO, Inc. reported a decrease in revenue for the second quarter of fiscal year 2023, with total revenues of approximately $48.3 million compared to $61 million in the prior year quarter. The company experienced a decrease in GunBroker.com marketplace revenue of approximately 13%. Despite the revenue decline, the company increased its ending cash by nearly 25% to $29 million and implemented expense reductions of approximately $5 million on an annualized basis.

AMMO, Inc. reported a transformational year with a more than tripling of ammunition sales and becoming the world’s largest online marketplace for firearms through the acquisition of GunBroker.com. The company delivered 400 million rounds of ammunition and generated $65 million in Marketplace revenues on $1.3 billion in transactions.

AMMO, Inc. reported a strong third quarter with a 289% increase in total revenues, driven by gains across the business and marketplace platform. Profitability improved dramatically, fueled by marketplace revenue and operational efficiencies.

AMMO, Inc. reported a record net revenue of $61.0 million for Q2 2022, a 408% increase year-over-year. The company's diluted EPS was $0.11, compared to ($0.05) in the previous year, and adjusted EPS was $0.17, compared to ($0.01) in the prior year. The company has raised its fiscal year 2022 outlook to $250 million in revenue and $80 million in adjusted EBITDA.

AMMO, Inc. reported a strong first quarter for fiscal year 2022, with net revenues up by 360% to $44.5 million compared to the previous year. This growth was driven by a threefold increase in core ammunition sales and the addition of high-margin Marketplace revenue from the acquisition of GunBroker.com. The company also raised its fiscal year 2022 revenue guidance to $210 million and adjusted EBITDA guidance to $70 million.

AMMO, Inc. reported its best quarterly performance in company history, with a 46% quarter-over-quarter sales growth and increased margins. The company's adjusted EPS increased to $0.04, and adjusted EBITDA grew to $4.8 million for the quarter.

AMMO, Inc. reported a record-breaking fiscal third quarter with a 500% increase in sales to $16.6 million compared to the same period last year. Gross margins increased to 20%, and adjusted EBITDA grew by 295% to $2.4 million. The company anticipates even better quarters throughout fiscal 2022.