AMMO

AMMO, Inc. to Participate in the 36th Annual ROTH Conference

Retrieved on: 
Monday, March 18, 2024
POWW, Laguna Niguel, California, AMMO, Firearm, GunBroker.com, Conference, CFO

SCOTTSDALE, Ariz., March 18, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that it will participate in the 36th Annual Roth Conference being held on March 17-19, 2024 at The Ritz Carlton, Laguna Niguel in Dana Point, CA.

Key Points: 
  • SCOTTSDALE, Ariz., March 18, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that it will participate in the 36th Annual Roth Conference being held on March 17-19, 2024 at The Ritz Carlton, Laguna Niguel in Dana Point, CA.
  • Jared Smith, CEO and Rob Wiley, CFO, will be holding one-on-one meetings with investors and analysts during the conference.
  • Registered attendees of the conference are encouraged to request a one-on-one meeting with management by contacting a ROTH representative or through the conference’s on-line platform.

AMMO, Inc. Announces Launch of Multi-Item Cart and Single Payment Portal on GunBroker.com to Streamline Customer Experience

Retrieved on: 
Thursday, March 14, 2024
POWW, Firearm, AMMO, FFL, GunBroker.com, Smith, Online shopping

The multi-item cart allows customers to purchase multiple items from different sellers, with a single checkout and payment.

Key Points: 
  • The multi-item cart allows customers to purchase multiple items from different sellers, with a single checkout and payment.
  • Previously, buying more than one item required a corresponding number of checkouts for each purchase.
  • The cart will display orders requiring payment from auctions that customers have won along with immediate purchase items the user added to the cart.
  • “By adding this functionality, we’re taking on that burden for the buyer and making it quicker and easier to complete their shopping.”

Verdict Rendered in Favor of Plaintiff Matthew Hayden in Unjust Enrichment Case in Federal Court

Retrieved on: 
Thursday, March 14, 2024
AMMO, Professional, Palm Beach Gardens, Florida, Betrayal, District court, DCY, PALM, Acquisition, POWW, Multimedia, GunBroker.com, Urvan

WEST PALM BEACH, Fla., March 14, 2024 /PRNewswire/ -- A federal jury issued a verdict in favor of plaintiff Matthew Hayden in the United States District Court for the Southern District of Florida [case number 9:21-cv-82051-MATTHEWMAN].

Key Points: 
  • WEST PALM BEACH, Fla., March 14, 2024 /PRNewswire/ -- A federal jury issued a verdict in favor of plaintiff Matthew Hayden in the United States District Court for the Southern District of Florida [case number 9:21-cv-82051-MATTHEWMAN].
  • After two and a half years of rigorous litigation, Mr. Hayden emerged victorious in his lawsuit in which he tried a single claim for unjust enrichment against Defendant Steven F. Urvan.
  • Mr. Hayden had an understanding from his communications with Urvan that Urvan would compensate Mr. Hayden for his efforts that led to the acquisition of Gunbroker.com.
  • Hayden asked a federal jury to award Urvan 1% of the benefit that Mr. Hayden provided to Urvan.

AMMO, Inc. Announces Preferred Stock Dividend

Retrieved on: 
Friday, February 16, 2024
AMMO, GunBroker.com, Firearm, POWW

SCOTTSDALE, Ariz., Feb. 16, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on February 29, 2024 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.

Key Points: 
  • SCOTTSDALE, Ariz., Feb. 16, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on February 29, 2024 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.
  • The cash dividend will be paid on March 15, 2024.

AMMO, Inc. Reports Third Quarter 2024 Financial Results

Retrieved on: 
Thursday, February 8, 2024
Conference, Firearm, OEM, AMMO, Calendar, POWW, GunBroker.com, Adjustment, Internet access

We ended the third quarter with total revenues of approximately $36.0 million in comparison to $38.7 million in the prior year quarter.

Key Points: 
  • We ended the third quarter with total revenues of approximately $36.0 million in comparison to $38.7 million in the prior year quarter.
  • Cost of goods sold was approximately $25.1 million for the quarter compared to $26.2 million in the comparable prior year quarter.
  • For the quarter, we recorded Adjusted EBITDA of approximately $5.4 million, compared to prior year quarter Adjusted EBITDA of $6.2 million.
  • Management will host a conference call at 5:00 PM ET on February 8, 2024, to review financial results and provide an update on corporate developments.

AMMO, Inc. to Conduct Fiscal Third Quarter 2024 Earnings Call on February 8, 2024, at 5:00PM ET

Retrieved on: 
Thursday, January 25, 2024
Firearm, AMMO, GunBroker.com, Internet access, Conference, POWW, Online shopping

Management will host a conference call at 5:00 PM ET on February 8, 2024, to review financial results and provide an update on corporate developments.

Key Points: 
  • Management will host a conference call at 5:00 PM ET on February 8, 2024, to review financial results and provide an update on corporate developments.
  • Following management’s formal remarks there will be a question-and-answer session.
  • Those without Internet access or who are unable to pre-register may dial in by calling 1-844-481-2698 (domestic) or 1-412-317-0655 (international).
  • Please join at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions.

AMMO, Inc. Announces International Supply Agreement with ZRODelta

Retrieved on: 
Wednesday, January 24, 2024
Firearm, AMMO, GunBroker.com, POWW

SCOTTSDALE, Ariz., Jan. 24, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries and a leading vertically integrated producer of high-performance ammunition and components, announces that it has signed a supply agreement with ZRODelta to provide 6+ million brass cases for the fulfillment of international contracts. ZRODelta is a specialized manufacturer of high-precision and high-volume firearms and ammunition.

Key Points: 
  • ZRODelta is a specialized manufacturer of high-precision and high-volume firearms and ammunition.
  • In the agreement AMMO will supply ZRODelta with 6+ million brass cases of 12.7x108 (Russian Equivalent of 50 Caliber) beginning in June of 2024.
  • Management believes the value of the contract will exceed $10 million over that time period.
  • Jared Smith, CEO of AMMO stated, “This supply agreement is a great first foray into the expansion of our footprint into international markets.

AMMO, Inc. Announces Preferred Stock Dividend

Retrieved on: 
Friday, November 17, 2023
AMMO, GunBroker.com, Firearm, POWW, Security (finance)

SCOTTSDALE, Ariz., Nov. 17, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com , the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on November 30, 2023 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.

Key Points: 
  • SCOTTSDALE, Ariz., Nov. 17, 2023 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com , the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on November 30, 2023 will receive a cash dividend equal to $0.5529514 per Series A Preferred Stock share.
  • The cash dividend will be paid on December 15, 2023.

AMMO, Inc. Reports Second Quarter 2024 Financial Results

Retrieved on: 
Thursday, November 9, 2023
GunBroker.com, Absorption, Amazon, Head, Investment, AMMO, Firearm, POWW, Internet access, Adjustment, Video game, Online shopping

Second Quarter Fiscal 2024 vs. Second Quarter Fiscal 2023

Key Points: 
  • Second Quarter Fiscal 2024 vs. Second Quarter Fiscal 2023
    Net loss of ($7.5) million, compared to a net loss of ($0.8) million
    Jared Smith, AMMO’s CEO, commented “Our fiscal second quarter was a very difficult quarter for our industry and due to mechanical and supply issues we are roughly one quarter behind where we thought we would be by now.
  • We ended the first quarter with total revenues of approximately $34.4 million in comparison to $48.3 million in the prior year quarter.
  • Cost of goods sold was approximately $26.1 million for the quarter compared to $35.5 million in the comparable prior year quarter.
  • For the quarter, we recorded Adjusted EBITDA of approximately $1.2 million, compared to prior year quarter Adjusted EBITDA of $5.7 million.

AMMO, Inc. to Conduct Fiscal Second Quarter 2024 Earnings Call on November 9, 2023 at 5:00PM ET

Retrieved on: 
Thursday, October 26, 2023
POWW, Internet access, AMMO, Conference, Firearm, GunBroker.com, Online shopping

Management will host a conference call at 5:00 PM ET on November 9, 2023, to review financial results and provide an update on corporate developments.

Key Points: 
  • Management will host a conference call at 5:00 PM ET on November 9, 2023, to review financial results and provide an update on corporate developments.
  • Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call without delay.
  • Those without Internet access or who are unable to pre-register may dial in by calling 1-866-777-2509 (domestic) or 1-412-317-5413 (international).
  • When requested, please ask for “AMMO, Inc. Second Quarter 2024 Conference Call.”
    The conference call will also be available through a live webcast at the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=kAqERLpp , which is also available through the Company’s website.