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AMMO, Inc. (POWW)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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6.83+0.13 (+1.94%)
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Neutralpattern detected
Previous Close6.70
Open6.70
Bid6.87 x 800
Ask6.91 x 1200
Day's Range6.50 - 7.18
52 Week Range1.00 - 8.98
Volume5,109,773
Avg. Volume1,944,484
Market Cap419.643M
Beta (5Y Monthly)-0.54
PE Ratio (TTM)N/A
EPS (TTM)-0.27
Earnings DateNov 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • AMMO, Inc. Enters into a Significant Import/Export Transaction for 7.62mm Ammunition
    GlobeNewswire

    AMMO, Inc. Enters into a Significant Import/Export Transaction for 7.62mm Ammunition

    SCOTTSDALE, Ariz., Jan. 14, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce it has entered into a significant international transaction involving 7.62mm ammunition. “We have maintained focus on diversifying our business while our team works tirelessly to address the continuing significant US market ammunition demand. It is important to foster relationships overseas in the commercial, law enforcement and military markets, while we address the current US market needs – now, more than ever”, said Fred Wagenhals, AMMO’s Chairman and CEO. Mr. Wagenhals further noted that “the import/export markets are opening up again and we are seeing success in securing relationships which have resulted in this transaction and our reasonable expectation of many more to follow in the coming months involving our innovative suite of products.”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 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, CFO AMMO, Inc. Phone: (480) 947-0001 IR@ammo-inc.com

  • AMMO, Inc. Agrees to Repurchase 1,000,000 Shares for $1.5 Million
    GlobeNewswire

    AMMO, Inc. Agrees to Repurchase 1,000,000 Shares for $1.5 Million

    SCOTTSDALE, Ariz., Jan. 14, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce that its Board of Directors has authorized the Company to enter into an agreement to repurchase 1 million shares of its common stock for $1.5 million. AMMO has exercised an existing contract right with Jagemann Stamping Company to repurchase 1 million shares of the Company’s common stock (the “Shares”) for $1.5 million ($1.50/share) which represents approximately 2% of the Company’s outstanding common shares. The Company will promptly retire the Shares upon consummation of the transaction.“The repurchase of these Shares reaffirms our optimism and confidence in the long-term future of our business,” said Fred Wagenhals, AMMO’s Chairman and CEO. Mr. Wagenhals further commented that “we are always mindful of the critical importance of deploying capital in a balanced manner. By repurchasing the Shares and retiring them, we will reduce shareholder dilution while further supporting the demand and share price for the benefit of our shareholders. These metrics are always of critical importance to our Board, management team and shareholders at large.”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 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, CFO AMMO, Inc. Phone: (480) 947-0001 IR@ammo-inc.com

  • AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase
    GlobeNewswire

    AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase

    SCOTTSDALE, Ariz., Jan. 12, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to provide guidance for its 4th quarter for the 2021 Fiscal Year.  The Company is providing revenue guidance of approximately $20 million for the 4th quarter of fiscal year 2021. This is the fourth straight quarter of year-over-year triple digit growth. AMMO’s 4th quarter guidance represents an estimated 317% year-over-year increase compared to $4.8 million in revenue for the 4th quarter of fiscal 2020 - an approximate 21% increase in revenue when compared to $16.5 million in the 3rd quarter of fiscal 2021. Total revenue guidance for fiscal 2021 increases to approximately $58.2 million with this 4th quarter guidance, an estimated 293% increase over fiscal 2020.“The Company expects market demand to continue to increase given the recent outcome of the U.S. Senate elections in Georgia, the resulting political uncertainty and impact upon the ammunition and gun industry. We have strategically invested to meet this demand, while positioning the Company in a diversified manner to address end-user needs within the military, law enforcement and export market segments,” said Fred Wagenhals, AMMO’s Chairman and CEO. “These efforts will keep us on track to increase our positive adjusted EBITDA in the fiscal 4th quarter as we maintain our focus on driving sales of our higher margin product offerings, contributing to our third straight quarter of adjusted EBITDA growth.”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 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, CFO AMMO, Inc. Phone: (480) 947-0001 IR@ammo-inc.com