UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ AMMO, Inc. (Exact Name of Registrant as Specified in its Charter) DELAWARE 001-13101 83-1950534 (State of incorporation) (Commission File No.) (I.R.S. Identi ...

SCOTTSDALE, Ariz., Jan. 25, 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 it will release financial results for its fiscal third quarter 2024 ended December 31, 2023, after the stock market closes on Thursday, February 8, 2024. Management will host ...

Company is contracted to deliver 6+ million brass cases starting in June 2024 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 ...

AMMO, Inc. (NASDAQ:POWW) Q2 2024 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Scott Arnold - CoreIR Fred Wagenhals - Executive Chairman Jared Smith - CEO Rob Wiley - CFO Conference Call Participants Mike Zabran - ROTH Mark Smith - Lake Street Operator Ladies and gentlemen, thank you for standing by. Good afternoon, and welcome to the AMMO, Inc. Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Participants of this call are advised that the audio of this confe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR 7681 E Gray Road, Scottsdale, AZ 85260 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number including area code: (480) 947-0001 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, $0.001 par v ...

Financial Data and Key Metrics Changes - The company reported a total revenue of approximately $34.3 million for the first quarter, a decrease from $60.8 million in the prior year quarter, primarily due to reduced sales activity in the ammunition segment as the U.S. commercial ammunition markets softened [23] - Gross margins improved to 40.9% compared to 27.3% in the prior quarter, with adjusted EBITDA rising to $6.6 million from $3.8 million in the previous quarter [28] - Cash generated from operations was $13 million, up from $5.2 million in the same quarter last year [22][28] Business Line Data and Key Metrics Changes - The Ammunition division generated $20.3 million in revenue with a gross margin of 9.5%, a significant improvement from a negative 8.6% in the previous quarter [5] - Casing sales increased to $6.2 million, up from $3.5 million in the previous quarter, reflecting a successful transition to higher-margin products [21] - Marketplace revenue was reported at $13.9 million for the quarter, with strong margins maintained at 87% compared to 85.5% in the prior quarter [29] Market Data and Key Metrics Changes - The company noted ongoing headwinds in the U.S. commercial ammunition markets, which are expected to persist for the next two quarters [5][22] - The company is focusing on the most profitable segments of the market, particularly in rifle brass sales, as it transitions away from low-margin commodity ammunition sales [19][28] Company Strategy and Development Direction - The company is expanding Gunbroker.com's platform through centralized payment processing and additional services to enhance product offerings [19] - Management is aligning the goals and incentives of the team with shareholder interests, aiming for improved operational efficiency and profitability [19] - The company is committed to increasing its focus on higher-margin OEM brass sales while managing the challenges posed by the current economic environment [28][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the progress made, despite facing challenges in the ammunition market, and anticipates a positive turn in business over the next two quarters [55] - The CEO highlighted the importance of the casings business, projecting it to become 25% to 35% of total business going forward, driven by strong demand and margins [55] - Management noted that the market for loaded ammunition remains stable, with no significant price erosion expected in the near term [40][46] Other Important Information - The company repurchased approximately 739,000 shares during the quarter, continuing its focus on strengthening the balance sheet [37] - The company incurred approximately $2.8 million in nonrecurring legal expenses during the quarter, which were added back to adjusted EBITDA calculations [36] Q&A Session Summary Question: What percentage of casing production is currently sold to OEMs? - Management indicated that contractual sales now make up between 15% to 25% of total capacity, with new contracts signed in the last six months [49] Question: How is the pricing for shell casings affected by current demand? - Management stated that pricing for casings remains stable, with increased capacity expected to support this stability [40] Question: What is the outlook for high-demand calibers like 9mm and 223/5.56? - Management noted that while manufacturers have been holding inventory, they do not foresee further price erosion and expect the market to remain stable [46] Question: Can you discuss the margin differences between brass casing sales and loaded ammunition? - Management explained that brass casings can yield margins of 20% to 35%, while loaded ammunition margins are significantly lower due to production costs [48] Question: What is the consumer outlook for Gunbroker as the hunting season approaches? - Management expressed optimism about consumer activity increasing as the platform enhances its checkout process and payment services [59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ AMMO, Inc. (Exact Name of Registrant as Specified in its Charter) DELAWARE 001-13101 83-1950534 (State of incorporation) (Commission File No.) (I.R.S. Identifica ...

AMMO, Inc. (NASDAQ:POWW) Q4 2023 Earnings Conference Call June 14, 2023 5:00 PM ET Company Participants Matt Blazei - CORE IR Fred Wagenhals - Chairman & CEO Jared Smith - President & COO Rob Wiley - CFO Conference Call Participants Michael Zabran - Roth MKM Mark Smith - Lake Street Capital Edward Riley - EF Hutton Operator Ladies and gentlemen, thank you for standing by. Good afternoon, and welcome to the AMMO, Inc. Full Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a lis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ AMMO, Inc. (Exact Name of Registrant as Specified in its Charter) (State of incorporation) (Commission File No.) DELAWARE 001-13101 83-1950534 (I.R.S. Identification Nu ...

a 11 TM 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 ...