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Dec 31, 2023
Ammo Q3 2024 Earnings Report
Reported third quarter fiscal 2024 financial results.
Key Takeaways
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.
Total revenues were approximately $36.0 million, compared to $38.7 million in the prior year quarter.
Marketplace revenue was $14.0 million, compared to $15.4 million in the prior year quarter.
Gross margin was $10.9 million or 30.3%, compared to $12.5 million or 32.4% in the prior year period.
Adjusted EBITDA was approximately $5.4 million, compared to $6.2 million in the prior year quarter.
Forward Guidance
The company will focus on the transformation of its marketplace platform and transition its manufacturing model to higher margin, premium rifle and pistol ammunition opportunities, as well as embracing the growing OEM brass business.
Positive Outlook
- Increasing demand as the ammunition and firearms market recovers from 2022 and 2023’s post pandemic slump.
- Focus on the transformation of the marketplace platform.
- Transitioning manufacturing model to higher margin, premium rifle and pistol ammunition opportunities.
- Embracing the growing OEM brass business.
- Cart platform is on schedule to launch on April 1st.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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