Ammo Q4 2022 Earnings Report
Key Takeaways
AMMO, Inc. reported a transformational year with a more than tripling of ammunition sales and becoming the world’s largest online marketplace for firearms through the acquisition of GunBroker.com. The company delivered 400 million rounds of ammunition and generated $65 million in Marketplace revenues on $1.3 billion in transactions.
Total net revenues increased by 285% or $177.8 million compared to the previous fiscal year.
Gross margin increased to 36.9% from 18.2% due to the inclusion of GunBroker.com Marketplace.
Operating income was $37.1 million, compared to an operating loss of $5.4 million in the previous year.
Net income was approximately $33.2 million or $0.27 per diluted share, compared to a net loss of approximately $7.8 million or $0.14 per diluted share in the previous year.
Ammo
Ammo
Forward Guidance
AMMO, Inc. is guiding its 2023 Fiscal Year to revenues in the range of $300 million to $310 million, EBITDA in the range of $82 million to $85 million and Adjusted EBITDA in the range of $108 million to $111 million.
Positive Outlook
- Revenues in the range of $300 million to $310 million.
- EBITDA in the range of $82 million to $85 million.
- Adjusted EBITDA in the range of $108 million to $111 million.
- Transition into new manufacturing facility beginning in July of 2022.
- Significantly leverage production by bringing online capacity improvements and vertical integration efforts.