AMMO, Inc. Confirms $250 Million Revenue Estimate for 2022 Fiscal Year (ending March 31, 2022)
January 11 2022 - 8:30AM
AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), a
leading vertically integrated producer of high-performance
ammunition and components and owner of GunBroker.com, the largest
online marketplace serving the firearms and shooting sports
industries, is pleased to announce that with the continuing
fundamental strength of the ammunition industry the Company has
reiterated its revenue guidance of $250 Million for the 2022 fiscal
year ending March 31, 2022.
AMMO’s CEO, Fred Wagenhals, commented that “we
are seeing no evidence of an abatement of demand for our ammunition
and our GunBroker.com marketplace continues to enjoy year-over-year
revenue growth with high profit margins. We remain focused on
fulfilling all existing orders which have been more than spoken for
our capacity through the end of our fiscal year and beyond. Mr.
Wagenhals further noted that “we look forward to opening our new
state-of-the-art Wisconsin plant this Summer to ensure our capacity
continues to match increased demand this year and for the future.
At the same time associated operating expenses continue to be
reduced through technology and operational leverage.”
About AMMO, Inc.
With its corporate offices headquartered in
Scottsdale, Arizona. 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.
About GunBroker.com
GunBroker.com is the largest online marketplace
dedicated to firearms, hunting, shooting and related products.
Aside from merchandise bearing its logo, GunBroker.com currently
sells none of the items listed on its website. Third-party sellers
list items on the site and Federal and state laws govern the sale
of firearms and other restricted items. Ownership policies and
regulations are followed using licensed firearms dealers as
transfer agents. Launched in 1999, GunBroker.com is an informative,
secure and safe way to buy and sell firearms, ammunition, air guns,
archery equipment, knives and swords, firearms accessories and
hunting/shooting gear online. GunBroker.com promotes responsible
ownership of guns and firearms. For more information, please visit:
www.gunbroker.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 Current Reports
filed on Form 8-K.
Investor Contact:Reed
AndersonICR(646) 277-1260IR@ammo-inc.com
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