Ammo Inc
NASDAQ:POWW
Ammo Inc
AMMO, Inc. engages in the design, manufacture and sale of ammunition products. The company is headquartered in Scottsdale, Arizona. The firm provides business support service.
AMMO, Inc. engages in the design, manufacture and sale of ammunition products. The company is headquartered in Scottsdale, Arizona. The firm provides business support service.
Revenue Growth: Net sales were $13.4 million, up 7% year-over-year, outperforming wider consumer trends.
Profitability Turnaround: The company reported net income before discontinued operations of $1.465 million for the quarter, compared to a loss of $21.177 million last year.
Strong Margins: Gross margin remained high at 87%, with adjusted EBITDA rising 54% to $6.5 million.
Cost Reductions: Operating expenses dropped significantly, down about $22 million year-over-year, led by legal and headcount reductions.
Cash Generation: Generated over $4 million in cash from operations during the quarter; cash balance now stands at $69.9 million.
Share Repurchases: The company plans to resume share buybacks now that its blackout period has ended.
Strategic Initiatives: Continued investments in technology and user experience, including a new partnership with Master FFL and ongoing work on universal payments.
Legal Costs Still a Factor: Management expects legal and compliance costs to persist for another 12–18 months but anticipates further improvements in operational efficiency.
