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Dec 31, 2021
Ammo Q3 2022 Earnings Report
Reported record net revenues and increased profitability driven by marketplace revenue and operational efficiencies.
Key Takeaways
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.
Total revenues increased by 289% compared to the prior year period.
Ammunition sales increased by 243% compared to the prior year's third quarter.
Marketplace revenue was $17.6 million for the quarter.
Net income available to common shareholders was $8.3 million, or $0.07 per fully diluted share.
Ammo
Ammo
Ammo Revenue by Segment
Forward Guidance
The company is reiterating its fiscal 2022 guidance and continues to expect revenue of at least $250 million and Adjusted EBITDA of $80 million for the year ending March 31, 2022.