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Jun 30, 2021
Ammo Q1 2022 Earnings Report
Reported record net revenues and increased fiscal year 2022 outlook.
Key Takeaways
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.
Net revenues increased by 360% year-over-year to $44.5 million.
Ammunition sales rose by 342% compared to the first quarter of the previous year, reaching $28.4 million.
Marketplace revenue from GunBroker.com acquisition contributed $12.3 million.
Diluted EPS was $0.08, compared to ($0.07) in the prior year.
Forward Guidance
The company is increasing its fiscal 2022 revenue guidance from $190 million to $210 million and adjusted EBITDA guidance for fiscal 2022 from $65 million to $70 million.
Positive Outlook
- Fiscal 2022 revenue guidance increased to $210 million.
- Second quarter fiscal 2022 revenue expected to be at least $51 million.
- Third quarter fiscal 2022 revenue estimated to be approximately $60 million.
- Adjusted EBITDA guidance for fiscal 2022 increased to $70 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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