Business
AMMO, Inc. Reports Financial Results for First Quarter Fiscal 2022
Record Net Revenues of $44.5 Million Including Marketplace Revenue of $12.3 Million Diluted EPS of $0.08 Compared to ($0.07) Adjusted EPS of $0.13 Compared to
About this update from Outdoor Holding Company
[{"type":"text","content":"Record Net Revenues of $44.5 Million Including Marketplace Revenue of $12.3 Million Diluted EPS of $0.08 Compared to ($0.07) Adjusted EPS of $0.13 Compared to ($0.01) Raises Fiscal 2022 Outlook to $210 Million of Revenue and $70 Million of Adjusted EBITDA SCOTTSDALE, AZ, Aug. 16, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), a leading vertically integrated producer of high-performance ammunition and components and operator of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries today announced results for its first quarter of fiscal 2022 ended June 30, 2021. First Quarter Fiscal 2022 versus First Quarter Fiscal 2021: Net revenues increased 360% year-over-year to $44.5 millionMarketplace revenue was $12.3 million reflecting the acquisition of GunBroker.comGross profit margin was 42.7% compared to 11.1%Net income was $9.5 million compared to a net loss of $3.1 millionDiluted EPS of $0.08 compared to ($0.07); Adjusted EPS of $0.13 compared to ($0.01)Adjusted EBITDA was $16.3 million versus a loss of $0.3 millionBacklog of $238 million “We delivered solid first quarter results, exceeding estimates for revenue and Adjusted EBITDA. Core ammunition sales were up more than three-fold reflecting strong underlying demand for our unique, high-performance products. We also added over $12 million of high-margin Marketplace revenue with the GunBroker.com acquisition that closed in April,” said Fred Wagenhals, Chairman and Chief Executive Officer of AMMO, Inc. “Integration efforts are advancing on schedule and we are working on several major initiatives to further accelerate growth across our powerful Marketplace platform. Construction of our new manufacturing facility is also on track and we continue to make progress with new product development and government contracts. I am very proud of our team’s commitment and execution in driving significant value for all stakeholders.” First Quarter Fiscal 2022 Results Net revenues of $44.5 million were up 360% versus last year driven by strong growth in Ammunition and incremental revenue from the acquisition of GunBroker.com. Ammunition sales totaled $28.4 million compared to $6.4 million in last year’s first quarter, an increase of 342%. Marketplace revenue was $12.3 million reflecting the GunBroker.com business we ac...