AMMO

AMMO, Inc. Announces Preferred Stock Dividend

Retrieved on: 
Friday, February 16, 2024

SCOTTSDALE, Ariz., Feb. 16, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on February 29, 2024 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.

Key Points: 
  • SCOTTSDALE, Ariz., Feb. 16, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on February 29, 2024 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.
  • The cash dividend will be paid on March 15, 2024.

AMMO, Inc. Reports Third Quarter 2024 Financial Results

Retrieved on: 
Thursday, February 8, 2024

We ended the third quarter with total revenues of approximately $36.0 million in comparison to $38.7 million in the prior year quarter.

Key Points: 
  • We ended the third quarter with total revenues of approximately $36.0 million in comparison to $38.7 million in the prior year quarter.
  • Cost of goods sold was approximately $25.1 million for the quarter compared to $26.2 million in the comparable prior year quarter.
  • For the quarter, we recorded Adjusted EBITDA of approximately $5.4 million, compared to prior year quarter Adjusted EBITDA of $6.2 million.
  • Management will host a conference call at 5:00 PM ET on February 8, 2024, to review financial results and provide an update on corporate developments.

AMMO, Inc. to Conduct Fiscal Third Quarter 2024 Earnings Call on February 8, 2024, at 5:00PM ET

Retrieved on: 
Thursday, January 25, 2024

Management will host a conference call at 5:00 PM ET on February 8, 2024, to review financial results and provide an update on corporate developments.

Key Points: 
  • Management will host a conference call at 5:00 PM ET on February 8, 2024, to review financial results and provide an update on corporate developments.
  • Following management’s formal remarks there will be a question-and-answer session.
  • Those without Internet access or who are unable to pre-register may dial in by calling 1-844-481-2698 (domestic) or 1-412-317-0655 (international).
  • Please join at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions.

AMMO, Inc. Announces International Supply Agreement with ZRODelta

Retrieved on: 
Wednesday, January 24, 2024

SCOTTSDALE, Ariz., Jan. 24, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries and a leading vertically integrated producer of high-performance ammunition and components, announces that it has signed a supply agreement with ZRODelta to provide 6+ million brass cases for the fulfillment of international contracts. ZRODelta is a specialized manufacturer of high-precision and high-volume firearms and ammunition.

Key Points: 
  • ZRODelta is a specialized manufacturer of high-precision and high-volume firearms and ammunition.
  • In the agreement AMMO will supply ZRODelta with 6+ million brass cases of 12.7x108 (Russian Equivalent of 50 Caliber) beginning in June of 2024.
  • Management believes the value of the contract will exceed $10 million over that time period.
  • Jared Smith, CEO of AMMO stated, “This supply agreement is a great first foray into the expansion of our footprint into international markets.

AMMO, Inc. Announces Preferred Stock Dividend

Retrieved on: 
Friday, November 17, 2023

SCOTTSDALE, Ariz., Nov. 17, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com , the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on November 30, 2023 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.

Key Points: 
  • SCOTTSDALE, Ariz., Nov. 17, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com , the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on November 30, 2023 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.
  • The cash dividend will be paid on December 15, 2023.

AMMO, Inc. Reports Second Quarter 2024 Financial Results

Retrieved on: 
Thursday, November 9, 2023

Second Quarter Fiscal 2024 vs. Second Quarter Fiscal 2023

Key Points: 
  • Second Quarter Fiscal 2024 vs. Second Quarter Fiscal 2023
    Net loss of ($7.5) million, compared to a net loss of ($0.8) million
    Jared Smith, AMMO’s CEO, commented “Our fiscal second quarter was a very difficult quarter for our industry and due to mechanical and supply issues we are roughly one quarter behind where we thought we would be by now.
  • We ended the first quarter with total revenues of approximately $34.4 million in comparison to $48.3 million in the prior year quarter.
  • Cost of goods sold was approximately $26.1 million for the quarter compared to $35.5 million in the comparable prior year quarter.
  • For the quarter, we recorded Adjusted EBITDA of approximately $1.2 million, compared to prior year quarter Adjusted EBITDA of $5.7 million.

AMMO, Inc. to Conduct Fiscal Second Quarter 2024 Earnings Call on November 9, 2023 at 5:00PM ET

Retrieved on: 
Thursday, October 26, 2023

Management will host a conference call at 5:00 PM ET on November 9, 2023, to review financial results and provide an update on corporate developments.

Key Points: 
  • Management will host a conference call at 5:00 PM ET on November 9, 2023, to review financial results and provide an update on corporate developments.
  • Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call without delay.
  • Those without Internet access or who are unable to pre-register may dial in by calling 1-866-777-2509 (domestic) or 1-412-317-5413 (international).
  • When requested, please ask for “AMMO, Inc. Second Quarter 2024 Conference Call.”
    The conference call will also be available through a live webcast at the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=kAqERLpp , which is also available through the Company’s website.

AMMO, Inc. Announces Preferred Stock Dividend

Retrieved on: 
Friday, August 18, 2023

SCOTTSDALE, Ariz., Aug. 18, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on August 31, 2023 will receive a cash dividend equal to $0.55902778 per Series A Preferred Stock share.

Key Points: 
  • SCOTTSDALE, Ariz., Aug. 18, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on August 31, 2023 will receive a cash dividend equal to $0.55902778 per Series A Preferred Stock share.
  • The cash dividend will be paid on September 15, 2023.

AMMO, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

First Quarter Fiscal 2024 vs. First Quarter Fiscal 2023

Key Points: 
  • First Quarter Fiscal 2024 vs. First Quarter Fiscal 2023
    Net Revenues of $34.3 million.
  • We ended the first quarter with total revenues of approximately $34.3 million in comparison to $60.8 million in the prior year quarter.
  • Cost of goods sold was approximately $20.2 million for the quarter compared to $42.6 million in the comparable prior year quarter.
  • For the quarter, we recorded Adjusted EBITDA of approximately $6.6 million, compared to prior year quarter Adjusted EBITDA of $10.6 million.

AMMO, Inc. Sets Fiscal First Quarter 2024 Earnings Call

Retrieved on: 
Tuesday, August 8, 2023

The Company will also host a conference call for investors at 5:00 p.m. EST that same day.

Key Points: 
  • The Company will also host a conference call for investors at 5:00 p.m. EST that same day.
  • Management will host a conference call at 5:00 PM ET on August 9, 2023, to review financial results and provide an update on corporate developments.
  • Those without Internet access or who are unable to pre-register may dial in by calling 1-866-777-2509 (domestic) or 1-412-317-5413 (international).
  • When requested, please ask for “AMMO, Inc. First Quarter 2024 Conference Call.”