{"id":379572,"date":"2020-11-12T08:03:42","date_gmt":"2020-11-12T13:03:42","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379572"},"modified":"2020-11-12T08:03:42","modified_gmt":"2020-11-12T13:03:42","slug":"ammo-inc-provides-3rd-quarter-fiscal-year-2021-guidance-reflecting-a-year-over-year-435-revenue-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-3rd-quarter-fiscal-year-2021-guidance-reflecting-a-year-over-year-435-revenue-increase\/","title":{"rendered":"AMMO, Inc. Provides 3rd Quarter Fiscal Year 2021 Guidance Reflecting a Year-Over-Year 435% Revenue Increase"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>SCOTTSDALE, AZ, Nov.  12, 2020  (GLOBE NEWSWIRE) &#8212; <\/strong>AMMO, Inc. (OTCQB: POWW) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, is pleased to provide guidance for its 3<sup>rd<\/sup> quarter for the 2021 Fiscal Year.\u00a0<\/p>\n<p align=\"justify\">The Company has updated its guidance for the 3rd quarter of fiscal year 2021 to approximately $15.0 million in revenue. AMMO\u2019s 3<sup>rd<\/sup> quarter guidance represents an estimated 435% year-over-year increase compared to $2.8 million in revenue for the third quarter of fiscal 2020 and a 25% increase in revenue when compared to $12 million in the 2nd quarter of fiscal 2021.<\/p>\n<p align=\"justify\">\u201cOur team continues to work diligently to meet existing domestic consumer demand as export opportunities start to open up again in the post-COVID international market. These efforts have kept us on track to increase our positive adjusted EBITDA in the fiscal 3rd quarter as we maintain our focus on driving sales for our higher margin product offerings,\u201d said Fred Wagenhals, AMMO\u2019s CEO.<\/p>\n<p align=\"justify\">\n        <strong>About AMMO, Inc.<\/strong><br \/>\n        <br \/>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\u2122 Visual Ammunition, \/stelTH\/\u2122 subsonic munitions, and O.W.L. Technologies<sup>\u00ae<\/sup>. The Company\u2019s corporate offices are headquartered in Scottsdale, Arizona. Manufacturing operations are based in both northern Arizona and Manitowoc, Wisconsin. For more information please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=C6Vd9qV04_RVa-p0xPzqaEC51opUaOop7GQLvMG0IbtLaiV6CXgc65hflI3UqFlN9q_llvb8t1rPbloB1MlDFQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.ammoinc.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward Looking Statements<\/strong><br \/>\n        <br \/>This document contains certain \u201cforward-looking statements\u201d. All statements other than statements of historical fact are \u201cforward-looking statements\u201d 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.<\/p>\n<p align=\"justify\">Forward looking statements may include the words \u201cmay,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201ccontinue,\u201d \u201cbelieve,\u201d \u201cexpect\u201d or \u201canticipate\u201d 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.<\/p>\n<p>\n        <strong>Investor Contact:<\/strong><br \/>\n        <br \/>Rob Wiley, CFO<br \/>AMMO, Inc.<br \/>Phone: (480) 947-0001<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4ueFze-HuYYU5C23v8AapFYx3yx1nDPFY-uUP5I_f1wI4EqF5eCPGvcLFRPcZhNNHkCrTY9btyVv1b5Nln3llw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>IR@ammo-inc.com<\/u><\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Mzg1NCMzODIxMTg3IzUwMDA1MjY3Mg==\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SCOTTSDALE, AZ, Nov. 12, 2020 (GLOBE NEWSWIRE) &#8212; AMMO, Inc. (OTCQB: POWW) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, is pleased to provide guidance for its 3rd quarter for the 2021 Fiscal Year.\u00a0 The Company has updated its guidance for the 3rd quarter of fiscal year 2021 to approximately $15.0 million in revenue. AMMO\u2019s 3rd quarter guidance represents an estimated 435% year-over-year increase compared to $2.8 million in revenue for the third quarter of fiscal 2020 and a 25% increase in revenue when compared to $12 million in the 2nd quarter of fiscal 2021. \u201cOur team continues to work diligently to meet existing domestic consumer demand as export opportunities start to open &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-3rd-quarter-fiscal-year-2021-guidance-reflecting-a-year-over-year-435-revenue-increase\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AMMO, Inc. Provides 3rd Quarter Fiscal Year 2021 Guidance Reflecting a Year-Over-Year 435% Revenue Increase&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379572","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AMMO, Inc. Provides 3rd Quarter Fiscal Year 2021 Guidance Reflecting a Year-Over-Year 435% Revenue Increase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-3rd-quarter-fiscal-year-2021-guidance-reflecting-a-year-over-year-435-revenue-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMMO, Inc. Provides 3rd Quarter Fiscal Year 2021 Guidance Reflecting a Year-Over-Year 435% Revenue Increase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SCOTTSDALE, AZ, Nov. 12, 2020 (GLOBE NEWSWIRE) &#8212; AMMO, Inc. (OTCQB: POWW) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, is pleased to provide guidance for its 3rd quarter for the 2021 Fiscal Year.\u00a0 The Company has updated its guidance for the 3rd quarter of fiscal year 2021 to approximately $15.0 million in revenue. AMMO\u2019s 3rd quarter guidance represents an estimated 435% year-over-year increase compared to $2.8 million in revenue for the third quarter of fiscal 2020 and a 25% increase in revenue when compared to $12 million in the 2nd quarter of fiscal 2021. \u201cOur team continues to work diligently to meet existing domestic consumer demand as export opportunities start to open &hellip; Continue reading &quot;AMMO, Inc. 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