{"id":381870,"date":"2020-11-16T09:10:49","date_gmt":"2020-11-16T14:10:49","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381870"},"modified":"2020-11-16T09:10:49","modified_gmt":"2020-11-16T14:10:49","slug":"ammo-inc-reports-fiscal-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-reports-fiscal-second-quarter-2021-results\/","title":{"rendered":"AMMO, Inc. Reports Fiscal Second Quarter 2021 Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>\u2013 Fiscal Second Quarter 2021 Revenue Increases 307% to $12 Million \u2013<\/em><br \/>\n        \n      <\/p>\n<p align=\"justify\">\n        <strong>SCOTTSDALE, Ariz., Nov.  16, 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, has reported financial results for its fiscal second quarter ended September 30, 2020.<\/p>\n<p>\n        <strong>Financial Summary for Fiscal Second Quarter 2021 vs. Fiscal Second Quarter 2020<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:0in;margin-bottom:0in\">Total revenue increased 307% to $12.0 million compared to $2.9 million.\n<ul type=\"disc\">\n<li style=\"margin-top:0in;margin-bottom:0in\">Ammunition revenue increased 564% to $8.7 million.<\/li>\n<li style=\"margin-top:0in;margin-bottom:0in\">Casing revenue increased 100% to $3.3 million.<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-top:0in;margin-bottom:0in\">Net loss improved $1.1 million to $2.3 million compared to a net loss of $3.4 million.<\/li>\n<li style=\"margin-top:0in;margin-bottom:0in\">Adjusted EBITDA improved $2.0 million to $426,000 compared to $(1.6) million.<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThe demand momentum experienced at the end of fiscal year 2020 has certainly continued to accelerate for fiscal 2021,\u201d said Fred Wagenhals, AMMO\u2019s CEO. \u201cWe continue to make further progress with the manufacturing capabilities, infrastructure and capacity improvements deployed in fiscal year 2020 and 2021. As a result, we achieved our first ever quarter of adjusted EBITDA profitability during the second quarter.\u201d<\/p>\n<p align=\"justify\">To view detailed financial results for the second quarter ended September 30, 2020, please refer to the Form 10-Q filed on November 13, 2020. The Company\u2019s reports filed with the U.S. Securities and Exchange Commission may be found at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Bd3KbeJ-5sgLh0OsLmsLXv8JsSYomQFjDyTzLbDdnVEt3shu4hYJepE5tqaSo38NooMd9vYXfYSl6tSL_wxnEcpARsk9UeCgsOoQ4z92PL81WNOfpiL7DznZrE0mpB9yDuzy-Yh8UK_BLyVEJsXdqIMAUj6R8n45jC0sIPTKxCe4CpR9aTvMgn7ANLHWv4EhHv65Olgcr0D4NKjMHto-dZQJv98ZcLpn_H6z0zqAaOA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.sec.gov<\/u><\/a><u>.<\/u><\/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=Zf9WNiQKxwEAiKRQ3kSoZkF7XUOP4RscYFSzy2xYQ-WUcOFsAFfSrW23hC4EwGKqZ9YU8hgcFBtaKXRm0tQDeA==\" 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=ODA4Njc3NiMzODI5MTgyIzUwMDA1MjY3Mg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b7acc446-9ef4-45ef-9be3-f9066bc8c83b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2013 Fiscal Second Quarter 2021 Revenue Increases 307% to $12 Million \u2013 SCOTTSDALE, Ariz., Nov. 16, 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, has reported financial results for its fiscal second quarter ended September 30, 2020. Financial Summary for Fiscal Second Quarter 2021 vs. Fiscal Second Quarter 2020 Total revenue increased 307% to $12.0 million compared to $2.9 million. Ammunition revenue increased 564% to $8.7 million. Casing revenue increased 100% to $3.3 million. Net loss improved $1.1 million to $2.3 million compared to a net loss of $3.4 million. Adjusted EBITDA improved $2.0 million to $426,000 compared to $(1.6) million. \u201cThe demand momentum experienced &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-reports-fiscal-second-quarter-2021-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AMMO, Inc. Reports Fiscal Second Quarter 2021 Results&#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-381870","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AMMO, Inc. Reports Fiscal Second Quarter 2021 Results - 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-reports-fiscal-second-quarter-2021-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMMO, Inc. Reports Fiscal Second Quarter 2021 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u2013 Fiscal Second Quarter 2021 Revenue Increases 307% to $12 Million \u2013 SCOTTSDALE, Ariz., Nov. 16, 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, has reported financial results for its fiscal second quarter ended September 30, 2020. Financial Summary for Fiscal Second Quarter 2021 vs. Fiscal Second Quarter 2020 Total revenue increased 307% to $12.0 million compared to $2.9 million. Ammunition revenue increased 564% to $8.7 million. Casing revenue increased 100% to $3.3 million. Net loss improved $1.1 million to $2.3 million compared to a net loss of $3.4 million. Adjusted EBITDA improved $2.0 million to $426,000 compared to $(1.6) million. \u201cThe demand momentum experienced &hellip; Continue reading &quot;AMMO, Inc. 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Reports Fiscal Second Quarter 2021 Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-reports-fiscal-second-quarter-2021-results\/","og_locale":"en_US","og_type":"article","og_title":"AMMO, Inc. Reports Fiscal Second Quarter 2021 Results - Market Newsdesk","og_description":"\u2013 Fiscal Second Quarter 2021 Revenue Increases 307% to $12 Million \u2013 SCOTTSDALE, Ariz., Nov. 16, 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, has reported financial results for its fiscal second quarter ended September 30, 2020. Financial Summary for Fiscal Second Quarter 2021 vs. Fiscal Second Quarter 2020 Total revenue increased 307% to $12.0 million compared to $2.9 million. Ammunition revenue increased 564% to $8.7 million. Casing revenue increased 100% to $3.3 million. Net loss improved $1.1 million to $2.3 million compared to a net loss of $3.4 million. Adjusted EBITDA improved $2.0 million to $426,000 compared to $(1.6) million. \u201cThe demand momentum experienced &hellip; Continue reading \"AMMO, Inc. 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