{"id":407371,"date":"2021-01-04T08:03:29","date_gmt":"2021-01-04T13:03:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407371"},"modified":"2021-01-04T08:03:29","modified_gmt":"2021-01-04T13:03:29","slug":"ammo-inc-forecast-third-quarter-fiscal-results-of-16-5-million-nearly-500-year-over-year-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-forecast-third-quarter-fiscal-results-of-16-5-million-nearly-500-year-over-year-increase\/","title":{"rendered":"AMMO, Inc. Forecast Third Quarter Fiscal Results of $16.5 Million (Nearly 500% Year-Over-Year Increase)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>SCOTTSDALE, Ariz., Jan.  04, 2021  (GLOBE NEWSWIRE) &#8212; <\/strong>AMMO, Inc. (Nasdaq: POWW ) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, plans to report its third quarter fiscal 2021 results on or before February 15, 2021.<\/p>\n<p align=\"justify\">AMMO anticipates reporting in excess of $16.5 million in revenue for the third quarter of the Company\u2019s 2021 fiscal year on February 15, 2021, an increase over the previous revenue guidance of $15 million. \u201cAcross all departments, I am proud of our team\u2019s work in these challenging times. We are poised to report a 489% year-over-year revenue increase for our fiscal 2021 third quarter ending December 31, 2020,\u201d said Fred Wagenhals, AMMO\u2019s chairman and CEO. \u201cWe expect to report a 38% sequential revenue increase when comparing the reported $12.0 million in revenue in the second quarter of fiscal 2021. Our team has answered the bell and their tireless work, coupled with our increase in efficiencies and output capacity are being represented in the numbers,\u201d said Mr. Wagenhals.<\/p>\n<p align=\"justify\">\n        <strong>About AMMO, Inc.<\/strong><br \/>\n        <br \/>With its corporate offices headquartered in Scottsdale, Arizona. AMMO, Inc. (the \u201cCompany and\/or AMMO\u201d) 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, including its patented STREAK<sup>\u2122<\/sup> Visual Ammunition, \/stelTH\/<sup>\u2122 <\/sup>subsonic munitions, and OPS (One Precise Shot) a lead-free frangible tactical line of munitions for self-defense. For more information please visit:\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TjlsBxRCKRICPJO1SkG3c9JTXQvEhm5c3mQZaXSE2kedQNbxWIEI4VOb4Mp2ejJkJzMaucSLy4zLbNx-pRl_YjZWQxCb2bh6HvJEMVrCM9XuBGKanbZMwWUj0vqg_UuapFWD6k28T6aIaghSO4vbUtyxh360-QQ3jTCYksMvFgKZt3zl08HWCTvXuuLcYa9hkfpLdRFalUrdloUT1S7li3Q6tpce2HX9dWvPpL0c7TaDUElxA5AzAUWrl6Fib00_0ScLjSxsbN8Nly1-FG7LFCN2ry0h_KQXYtnjlijgMOP_dpjtsGVK_dFUcrK7w7lM3_ic4NAdLM4clg08e26XYDOjWhI4DPlKQfIRHRUPhZJSaURPZ0aQ3dnudPSAckZvduT5hWLIP_YDqkmq_u5JyVm9ho8RZeirqsy1ODhwSiQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.ammo-inc.com<\/a>.<\/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=_UbkkP4dQuc_l1GTXKyMaywsW6NDrLSld2uvuuJeoU5jk5bLYV0bcqKYSjI1_nWIkZ2tPbtWcoQZxYlj3XSipQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>IR@ammo-inc.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExOTY4MSMzOTAyMjk3IzUwMDA1MjY3Mg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0e5ff1d6-4afd-4027-b122-a663f6dfd6c9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SCOTTSDALE, Ariz., Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; AMMO, Inc. (Nasdaq: POWW ) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, plans to report its third quarter fiscal 2021 results on or before February 15, 2021. AMMO anticipates reporting in excess of $16.5 million in revenue for the third quarter of the Company\u2019s 2021 fiscal year on February 15, 2021, an increase over the previous revenue guidance of $15 million. \u201cAcross all departments, I am proud of our team\u2019s work in these challenging times. We are poised to report a 489% year-over-year revenue increase for our fiscal 2021 third quarter ending December 31, 2020,\u201d said Fred Wagenhals, AMMO\u2019s chairman and CEO. \u201cWe expect &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-forecast-third-quarter-fiscal-results-of-16-5-million-nearly-500-year-over-year-increase\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AMMO, Inc. Forecast Third Quarter Fiscal Results of $16.5 Million (Nearly 500% Year-Over-Year 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-407371","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AMMO, Inc. Forecast Third Quarter Fiscal Results of $16.5 Million (Nearly 500% Year-Over-Year 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-forecast-third-quarter-fiscal-results-of-16-5-million-nearly-500-year-over-year-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMMO, Inc. Forecast Third Quarter Fiscal Results of $16.5 Million (Nearly 500% Year-Over-Year Increase) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SCOTTSDALE, Ariz., Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; AMMO, Inc. (Nasdaq: POWW ) (\u201cAMMO\u201d or the \u201cCompany\u201d), a premier American ammunition and munition components manufacturer and technology leader, plans to report its third quarter fiscal 2021 results on or before February 15, 2021. AMMO anticipates reporting in excess of $16.5 million in revenue for the third quarter of the Company\u2019s 2021 fiscal year on February 15, 2021, an increase over the previous revenue guidance of $15 million. \u201cAcross all departments, I am proud of our team\u2019s work in these challenging times. We are poised to report a 489% year-over-year revenue increase for our fiscal 2021 third quarter ending December 31, 2020,\u201d said Fred Wagenhals, AMMO\u2019s chairman and CEO. \u201cWe expect &hellip; Continue reading &quot;AMMO, Inc. 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