AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase
January 12 2021 - 10:00AM
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is pleased to provide guidance for its
4th quarter for the 2021 Fiscal Year.
The Company is providing revenue guidance of
approximately $20 million for the 4th quarter of fiscal year 2021.
This is the fourth straight quarter of year-over-year triple digit
growth. AMMO’s 4th quarter guidance represents an estimated
317% year-over-year increase compared to $4.8 million in revenue
for the 4th quarter of fiscal 2020 - an approximate 21% increase in
revenue when compared to $16.5 million in the 3rd quarter of fiscal
2021. Total revenue guidance for fiscal 2021 increases to
approximately $58.2 million with this 4th quarter guidance, an
estimated 293% increase over fiscal 2020.
“The Company expects market demand to continue
to increase given the recent outcome of the U.S. Senate elections
in Georgia, the resulting political uncertainty and impact upon the
ammunition and gun industry. We have strategically invested to meet
this demand, while positioning the Company in a diversified manner
to address end-user needs within the military, law enforcement and
export market segments,” said Fred Wagenhals, AMMO’s Chairman and
CEO. “These efforts will keep us on track to increase our positive
adjusted EBITDA in the fiscal 4th quarter as we maintain our focus
on driving sales of our higher margin product offerings,
contributing to our third straight quarter of adjusted EBITDA
growth.”
About AMMO, Inc.
With its corporate offices headquartered in
Scottsdale, Arizona. AMMO, Inc. (the “Company and/or AMMO”) designs
and manufactures products for a variety of aptitudes, including law
enforcement, military, sport shooting and self-defense. The Company
was founded in 2016 with a vision to change, innovate and
invigorate the complacent munitions industry. AMMO promotes branded
munitions as well as its patented STREAK™ Visual Ammunition,
/stelTH/™ subsonic munitions, and armor piercing rounds for
military use. For more information please
visit: www.ammo-inc.com.
Forward Looking Statements
This document contains certain “forward-looking
statements”. All statements other than statements of historical
fact are “forward-looking statements” for purposes of federal and
state securities laws, including, but not limited to, any
projections of earnings, revenue or other financial items; any
statements of the plans, strategies, goals and objectives of
management for future operations; any statements concerning
proposed new products and services or developments thereof; any
statements regarding future economic conditions or performance; any
statements or belief; and any statements of assumptions underlying
any of the foregoing.
Forward looking statements may include the words
“may,” “could,” “estimate,” “intend,” “continue,” “believe,”
“expect” or “anticipate” or other similar words, or the negative
thereof. These forward-looking statements present our estimates and
assumptions only as of the date of this report. Accordingly,
readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the dates on
which they are made. We do not undertake to update forward-looking
statements to reflect the impact of circumstances or events that
arise after the dates they are made. You should, however, consult
further disclosures and risk factors we include in Annual Reports
on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on
Form 8-K.
Investor Contact:Rob Wiley, CFOAMMO, Inc.Phone:
(480) 947-0001IR@ammo-inc.com
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