AMMO, Inc. Confirms $250 Million Revenue Estimate for 2022 Fiscal Year (ending March 31, 2022)
January 11 2022 - 8:35AM
InvestorsHub NewsWire
AMMO, Inc.
Confirms $250 Million Revenue Estimate for 2022 Fiscal Year (ending
March 31, 2022)
SCOTTSDALE,
AZ, January 11, 2022 -- InvestorsHub NewsWire
-- AMMO,
Inc. (Nasdaq: POWW, POWWP) ("AMMO" or the "Company"),
a leading vertically integrated
producer of high-performance ammunition and components and owner of
GunBroker.com, the largest online marketplace serving the firearms
and shooting sports industries, is pleased to announce that with
the continuing fundamental strength of the ammunition industry the
Company has reiterated its revenue guidance of $250 Million for the
2022 fiscal year ending March 31, 2022.
AMMO's CEO, Fred Wagenhals,
commented that "we are seeing no evidence of an abatement of demand
for our ammunition and our GunBroker.com marketplace continues to
enjoy year-over-year revenue growth with high profit margins. We
remain focused on fulfilling all existing orders which have been
more than spoken for our capacity through the end of our fiscal
year and beyond. Mr. Wagenhals further noted that "we look forward
to opening our new state-of-the-art Wisconsin plant this Summer to
ensure our capacity continues to match increased demand this year
and for the future. At the same time associated operating expenses
continue to be reduced through technology and operational
leverage."
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.
About
GunBroker.com
GunBroker.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.
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 Current Reports
filed on Form 8-K.
Investor
Contact:
Reed Anderson
ICR
(646) 277-1260
IR@ammo-inc.com
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