AMMO, Inc. Schedules February 16, 2021 Earnings Conference Call & Expects to Report Third Quarter Fiscal Results in Excess of...
January 26 2021 - 8:30AM
AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, plans to report its third quarter fiscal 2021
results during the Company’s “earnings call” which will take place
on February 16, 2021.
AMMO anticipates reporting in excess of $16.5
million in revenue for the third quarter of the Company’s 2021
fiscal year during the February 16th earnings conference call. “As
we prepare to report our numbers across all metrics, the Company
has seen exceedingly strong revenue this fiscal year, with growth
of nearly 500% year-over-year and 38% quarter-over-quarter,” said
Fred Wagenhals, AMMO’s Chairman & CEO. Mr. Wagenhals further
noted that “what is most exciting for the Company is that we are
seeing record-breaking triple digit growth quarter-over-quarter in
EBITDA and Gross Profit Margin. This growth is driven in
significant part by the Company reaching scale with respect to its
operations as our capital expenditures, staffing and resources come
online.” Mr. Wagenhals concluded that “we have record breaking
demand for all our products within the US markets, with demand
reasonably anticipated industry wide to grow with the rapid pace of
new gun ownership and the election outcome. The investments we have
made over the years in patented technology and production increases
are beginning to pay dividends for the Company and its
shareholders.”
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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