SCOTTSDALE, AZ, Nov. 04, 2020 (GLOBE NEWSWIRE) -- AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, plans to report its second quarter fiscal 2021 results on or before November 16, 2020.
“Given the diligent work of our CFO and his Finance Department team, AMMO anticipates reporting on November 16th $12.0 million in revenue for the second quarter of the Company’s 2021 fiscal year. I am proud of the work of our team in this challenging post-COVID time where we are poised to report a 306% year-over-year revenue increase,” said Fred Wagenhals, AMMO’s chairman and CEO. “Our hard work and dedication is clearly paying off, we will see a 24% sequential revenue increase when comparing the reported $9.7 million in revenue in the first quarter of fiscal 2021 with the expected second quarter $12.0 million revenue figure.”
About AMMO, Inc.
AMMO was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. The Company designs and manufactures products for a variety of markets, including law enforcement, military, hunting, sport shooting and self-defense. AMMO promotes its company branded munitions, its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and O.W.L. Technologies®. The Company’s corporate offices are headquartered in Scottsdale, Arizona. Manufacturing operations are based in both northern Arizona and Manitowoc, Wisconsin. For more information please visit: www.ammoinc.com.
Forward Looking Statements
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Chief Financial Officer
Phone: (480) 947-0001