AMMO, Inc. Provides Corporate Update and Earnings Call Reminder
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, is pleased to provide a corporate update from
the Company’s Chairman and CEO.
Our Company has seen tremendous growth over the
last 12 months. As our team continues to strive to reach higher
goals, we feel it is important to provide an update to our
investors in order to keep everyone abreast of the execution on our
daily commitment to enhance shareholder value and grow this
Company. Today’s update is meant as a progress report regarding
where we are today, and where we hope to be by the end of our 2021
fiscal year as of March 31, 2021.
- Signed a Letter of Intent on February 9th to acquire
GunBroker.com at an enterprise value of $240 million.
- GunBroker.com is the world’s leading online marketplace for the
legal sale of firearms, ammunition, and accessories with over 6.0
million registered users.
- GunBroker.com’s estimated 2020 revenue is approximately $60
million, with over $40 million of EBITDA, positive net income and
strong free cash flow.
- The transaction is accretive to our shareholders.
- Transaction provides strong free cashflow and high margin
- This transaction further expands upon AMMO’s vertical
We have seen demand and the resulting sales of
our products increase the last 12 months and expect to see that
growth trend to continue throughout the calendar years of 2021 and
We negotiated an incentive-based land
acquisition in Wisconsin to acquire land and announced our planned
construction of a more than $12 million (plus) state of the art
ammunition and brass case manufacturing plant, which we estimate
will triple our manufacturing output. We have also projected our
new plant will provide operational efficiencies and decrease
operational costs by approximately $1 million.
We closed on the repurchase of 1,000,000 shares
of our common stock for $1.50 per share from Jagemann Stamping,
which lowered the Company float.
The AMMO story is one of execution, and through
that continued execution and expansion, we look forward to creating
value for all of our shareholders.
Fiscal Third Quarter Earnings Call
The conference call and audio-only webcast will
begin at 4:30 p.m. EST on Tuesday, February 16, 2021.
To participate in the conference call, please join by dialing
1-877-407-0789 (domestic), 1-201-689-8562 (international), or
via webcast (http://public.viavid.com/index.php?id=143495)
at least 5-10 minutes prior to the scheduled start and follow the
operator's instructions. When requested, please ask for "AMMO, Inc.
Fiscal Third Quarter 2021 Earnings Call."
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(TM) Visual
Ammunition, /stelTH/(TM) subsonic munitions, and armor
piercing rounds for military use. For more information please
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
Investor Contact:Rob Wiley, CFOAMMO, Inc.Phone: