Loading...
•
Dec 31, 2020
Ammo Q3 2021 Earnings Report
Reported best quarterly performance in company history with significant sales growth and margin improvement.
Key Takeaways
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.
Sales for the quarter increased by 500% compared to the prior year.
Gross margins increased to approximately 20% for the quarter.
Adjusted EBITDA grew to $2.4 million, a 295% increase from the prior year.
Company experienced sales growth of 38% quarter-over-quarter.
Ammo
Ammo
Forward Guidance
The guidance for our fiscal 4th quarter as a standalone company is $20M and $58M for our fiscal year ended March 31, 2021.