AMMO Sets New Company Record in Orders Shipped While Recording an Increased $180 Million Backlog of Booked Orders for the Fis...
February 04 2021 - 8:30AM
AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier
American ammunition and munition components manufacturer and
technology leader, has reported a 256% year-over-year increase in
orders shipped, as it works around the clock to fulfill booked
orders which have now increased to a record setting $180 million as
of February 1, 2021.
“We continue to strategically and effectively
increase our order intake, manufacturing and shipping capacity in
an effort to address the continuing escalating demand being
received across all channels, as our record backlog continues to
grow,” said Fred Wagenhals, AMMO’s Chairman and CEO. “We are now
seeing global demand for loaded ammunition and components increase,
and we continue to add new key retail distribution customers such
as BIG 5 and Midsouth Shooters Supply and others. We see strong
demand through all of 2021 and continue into 2022 for the US
Commercial Market,” said Mr. Wagenhals.
AMMO will address its record-breaking revenue
results and industry outlook during the Company’s February 16th
earnings call.
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 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.
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 Reports filed on
Form 8-K.
Investor Contact:Rob Wiley,
CFOAMMO, Inc.Phone: (480) 947-0001IR@ammo-inc.com
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