AMMO, Inc. Announces $51 Million Revenue Projection for Fiscal Second Quarter 2022
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 that it anticipates reporting revenue of
at least $51 million for its fiscal second quarter ending September
30, 2021, a year-over-year increase of more than 400%.
“Our improved outlook reflects strong demand
across our entire portfolio of high-performance products and
continued momentum in the GunBroker.com business we recently
acquired,” said Fred Wagenhals, AMMO’s Chairman & CEO. “We
continue to execute well against our growth strategy, expanding
capacity and making progress on the GunBroker.com integration.”
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.
GunBroker.comGunBroker.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.
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Investor Contact:Reed AndersonICRPhone: (646)
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