AMMO, Inc. Forecast Third Quarter Fiscal Results of $16.5 Million (Nearly 500% Year-Over-Year Increase)
January 04 2021 - 8:00AM
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, plans to report its third quarter fiscal 2021
results on or before February 15, 2021.
AMMO anticipates reporting in excess of $16.5
million 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 $15 million. “Across all departments, I am
proud of our team’s work in these challenging times. We are poised
to report a 489% year-over-year revenue increase for our fiscal
2021 third quarter ending December 31, 2020,” said Fred Wagenhals,
AMMO’s chairman and CEO. “We expect to report a 38% sequential
revenue increase when comparing the reported $12.0 million in
revenue in the second quarter of fiscal 2021. Our team has answered
the bell and their tireless work, coupled with our increase in
efficiencies and output capacity are being represented in the
numbers,” said Mr. Wagenhals.
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, including its patented
STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and OPS
(One Precise Shot) a lead-free frangible tactical line of munitions
for self-defense. For more information please
visit: www.ammo-inc.com.
Forward Looking StatementsThis
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
Form 8-K.
Investor Contact:Rob Wiley, CFOAMMO, Inc.Phone:
(480) 947-0001IR@ammo-inc.com
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