Ammo Q2 2022 Earnings Report
Key Takeaways
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.
Net revenues increased by 408% to $61.0 million, driven by strength in the Ammunition business and the acquisition of GunBroker.com.
Ammunition sales totaled $40.2 million, a 360% increase compared to the previous year's second quarter.
Marketplace revenue (GunBroker.com) was $16.8 million for the quarter.
Gross profit margin improved to 43.0%, compared to 10.7% in the prior year.
Ammo
Ammo
Ammo Revenue by Segment
Forward Guidance
The company is increasing its fiscal 2022 revenue guidance from $210 million to $250 million and its Adjusted EBITDA guidance from $70 million to $80 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income