AMMO expects Q3 revenue in excess of $16.5M, one est. $12.01M » 08:3401/2601/26/21
"As we prepare to…
"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."
AMMO appoints Richard Childress to board of directors » 08:3901/2001/20/21
AMMO announced that…
AMMO announced that Richard Childress, owner of Richard Childress Racing, has joined AMMO's Board of Directors. Former National Rifle Association Board First Vice President and NASCAR driver, owner of Richard Childress Racing and Childress Vineyards and 2017 NASCAR Hall of Fame inductee, joined the Company's Board effective January 19, 2021.
|Over a week ago|
AMMO announces 'significant international transaction' for 7.62mm ammunition » 14:4601/1401/14/21
Earlier, AMMO announced…
Earlier, AMMO announced it has entered into a "significant international transaction" involving 7.62mm ammunition. Fred Wagenhals, AMMO's Chairman and CEO, said: "We have maintained focus on diversifying our business while our team works tirelessly to address the continuing significant US market ammunition demand. It is important to foster relationships overseas in the commercial, law enforcement and military markets, while we address the current US market needs - now, more than ever. The import/export markets are opening up again and we are seeing success in securing relationships which have resulted in this transaction and our reasonable expectation of many more to follow in the coming months involving our innovative suite of products."
AMMO to repurchase 1M shares for $1.5M » 08:4201/1401/14/21
AMMO announced that its…
AMMO announced that its Board of Directors has authorized the Company to enter into an agreement to repurchase 1 million shares of its common stock for $1.5M. AMMO has exercised an existing contract right with Jagemann Stamping Company to repurchase 1 million shares of the Company's common stock for $1.5M which represents approximately 2% of the Company's outstanding common shares. The Company will promptly retire the Shares upon consummation of the transaction.
Largest borrow rate increases among liquid names » 08:4501/0801/08/21
BTWN, WISH, ROOT, LAZR, IBIO, PLTR, VXRT, NMTR, NEPT, POWW
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: (BTWN) 14.63% +3.52, ContextLogic (WISH) 18.46% +2.00, Root Inc (ROOT) 6.86% +1.66, Luminar Technologies (LAZR) 57.85% +1.21, iBio (IBIO) 21.37% +1.00, Palantir Technologies (PLTR) 10.28% +0.80, Vaxart (VXRT) 39.15% +0.36, 9 Meters Biopharma (NMTR) 28.67% +0.35, Neptune Technologies (NEPT) 31.67% +0.34, and (POWW) 20.97% +0.22.
Fifteen new option listings on January 6th » 08:3001/0601/06/21
AVCT, BFT, BTWN, CAN, CPST, DZSI, EBON, IPOD, ONCS, ORGO, POWW, PROG, UPST, VCTR
New option listings for…
New option listings for January 6th include American Virtual Cloud Technologies Inc (AVCT), Foley Trasimene Acquisition Corp II (Class A Stock) (BFT), Bridgetown Holdings Ltd (Class A Stock) (BTWN), Canaan Inc (ADS) (CAN), Capstone Turbine (CPST), DASAN Zhone (DZSI), Ebang International Holdings Inc (Class A Stock) (EBON), Social Capital Hedosophia Holdings Corp IV (Class A Stock) (IPOD), OncoSec (ONCS), Organogenesis Holdings Inc (Class A Stock) (ORGO), AMMO Inc (POWW), Progenity Inc (PROG), Tortoise Acquisition Corp II (Class A Stock) (SNPR), Upstart Holdings Inc (UPST), and Victory Capital Holdings Inc (Class A Stock) (VCTR).
AMMO to construct $12M manufacturing plant in Wisconsin » 10:3201/0501/05/21
AMMO has entered into a…
AMMO has entered into a term sheet with the City of Manitowoc, Wisconsin to acquire in excess of 35 acres in the Manitowoc Industrial Park for the purpose of constructing an expanded loaded ammunition and brass casing manufacturing plant. Following the City Council's unanimous approval at last evening's meeting, AMMO will now work with Mayor Justin Nickels and his team to prepare the definitive Development Agreement to consummate the transaction which is founded upon seven figures in incentives tied to substantial job growth and development of the plant. AMMO's current plans call for constructing a best-in-class $12M, 160,000 sq. ft. facility on the site to be fully operational in the Summer of 2022. AMMO's new facility will support the Company's plan to exponentially expand its manufacturing base of operations in the heart of the US. AMMO anticipates opening the new plant with approximately 150 employees, expecting to increase its workforce over the following 18-24 months and beyond.
AMMO sees Q3 revenue in excess of $16.5M, one est. $12.01M » 08:0701/0401/04/21
AMMO plans to report its…
AMMO plans to report its third quarter fiscal 2021 results on or before February 15, 2021. AMMO anticipates reporting in excess of $16.5M in revenue for the third quarter of the Company's 2021 fiscal year on February 15, 2021, an increase over the previous revenue guidance of $15M.
|Over a month ago|
AMMO appoints Jessica Lockett to board of directors » 08:0112/2212/22/20
AMMO announced that…
AMMO announced that effective December 17, 2020, the Board of Directors of the Company appointed Jessica Lockett as a member of the Board. Lockett is a corporate and securities law attorney with a practice focused on representing public and private companies at various stages of development, providing legal counsel on matters relating to corporate governance, compliance and securities reporting.
AMMO says 'poised to execute on sales plans to take advantage' of market growth » 08:0512/1412/14/20
The company said,…
The company said, "AMMO is poised to execute on its sales plans to take advantage of projected substantial annual market growth expected to result in global ammunition sales of approximately $24.9 billion by 2025. The global ammunition market size is projected to grow from $20.8 billion in 2020 to $24.9 billion by 2025. To date in 2020, nearly 7.7 million individuals purchased a firearm for the first in the U.S. Background checks, a precursor and surrogate measure for firearms purchases, increased by more than 45% in November. 40% of the first-time gun buyers were women - one of the largest increases ever in this demographic. Current uncertainty in the US political landscape, COVID's adverse social and economic impact and the evolving military and law enforcement markets continue to fuel the current surge demand."