AMMO, Inc. Confirms $250 Million Revenue Estimate for 2022 Fiscal Year (ending March 31, 2022)
SCOTTSDALE, AZ, January 11, 2022 — 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.
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
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