{"id":413258,"date":"2021-01-12T10:03:10","date_gmt":"2021-01-12T15:03:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413258"},"modified":"2021-01-12T10:03:10","modified_gmt":"2021-01-12T15:03:10","slug":"ammo-inc-provides-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-revenue-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-revenue-increase\/","title":{"rendered":"AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>SCOTTSDALE, Ariz., Jan.  12, 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, is pleased to provide guidance for its 4<sup>th<\/sup>\u00a0quarter for the 2021 Fiscal Year.\u00a0<\/p>\n<p align=\"justify\">The Company is providing revenue guidance of approximately $20 million for the 4<sup>th<\/sup> quarter of fiscal year 2021. This is the fourth straight quarter of year-over-year triple digit growth. AMMO\u2019s 4<sup>th<\/sup>\u00a0quarter guidance represents an estimated 317% year-over-year increase compared to $4.8 million in revenue for the 4<sup>th<\/sup> quarter of fiscal 2020 &#8211; an approximate 21% increase in revenue when compared to $16.5 million in the 3rd quarter of fiscal 2021. Total revenue guidance for fiscal 2021 increases to approximately $58.2 million with this 4<sup>th<\/sup> quarter guidance, an estimated 293% increase over fiscal 2020.<\/p>\n<p align=\"justify\">\u201cThe Company expects market demand to continue to increase given the recent outcome of the U.S. Senate elections in Georgia, the resulting political uncertainty and impact upon the ammunition and gun industry. We have strategically invested to meet this demand, while positioning the Company in a diversified manner to address end-user needs within the military, law enforcement and export market segments,\u201d said Fred Wagenhals, AMMO\u2019s Chairman and CEO. \u201cThese efforts will keep us on track to increase our positive adjusted EBITDA in the fiscal 4<sup>th<\/sup> quarter as we maintain our focus on driving sales of our higher margin product offerings, contributing to our third straight quarter of adjusted EBITDA growth.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About AMMO, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">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 as well as its patented STREAK<sup>\u2122<\/sup> Visual Ammunition, \/stelTH\/<sup>\u2122 <\/sup>subsonic munitions, and armor piercing rounds for military use. For more information please visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1Besh_btYRsl2D2gJiCOGQyhYyjJMG0-3UgbPaz38g7QrbXG9SS-hrT4jGe35XlHfQWzMYko9TBbMsQN516dcsmiEnBBwl4wYiYMfcgzqxldwWUmSB4Vw0p3kNMkDkbtBKz1qewOVA3_BHgEG6EYMaknkL-5X9l32FsAg2vTd8R0UO7NuKQ3iRafKQoNc5YDZ17GaE-NdXaYELcp96pecvwDAVzk54lqZQHZnfYvS9PqvuNUtehAW-RQA2kxp1NI5Lo8EaPP3cv6eBE584eWAvWKsTTd92blEMsOKKjWHP9pLKFsSZS5YKoHN-2OOmtBnkg0pFxxSoQqAUJz1ewbK7tXUL7MMBIsMUkVo9O4oguLBbv7aJ7IlIk5-n4a_edBIcoittpY13Uq_b6hB771Glw2LSeYsYuQdWbZqBd-YV0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.ammo-inc.com<\/u><\/a><u>.<\/u><\/p>\n<p align=\"justify\">\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">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=SQ6uf0jC0-RosuiCfEf18_ZZBEQHtZ6ohiW9MulHxtc3cycgZtW5d_YV8h5tkb0W1Tc1jpr-TtIgts9dq6uLRw==\" 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=ODEyNDEyOSMzOTE0MzcwIzUwMDA1MjY3Mg==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0a517b01-3f9f-4187-b9e9-4aefcc96bbd3\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SCOTTSDALE, Ariz., Jan. 12, 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, is pleased to provide guidance for its 4th\u00a0quarter for the 2021 Fiscal Year.\u00a0 The Company is providing revenue guidance of approximately $20 million for the 4th quarter of fiscal year 2021. This is the fourth straight quarter of year-over-year triple digit growth. AMMO\u2019s 4th\u00a0quarter guidance represents an estimated 317% year-over-year increase compared to $4.8 million in revenue for the 4th quarter of fiscal 2020 &#8211; an approximate 21% increase in revenue when compared to $16.5 million in the 3rd quarter of fiscal 2021. Total revenue guidance for fiscal 2021 increases to approximately &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-revenue-increase\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year 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-413258","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. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year 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-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-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 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SCOTTSDALE, Ariz., Jan. 12, 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, is pleased to provide guidance for its 4th\u00a0quarter for the 2021 Fiscal Year.\u00a0 The Company is providing revenue guidance of approximately $20 million for the 4th quarter of fiscal year 2021. This is the fourth straight quarter of year-over-year triple digit growth. AMMO\u2019s 4th\u00a0quarter guidance represents an estimated 317% year-over-year increase compared to $4.8 million in revenue for the 4th quarter of fiscal 2020 &#8211; an approximate 21% increase in revenue when compared to $16.5 million in the 3rd quarter of fiscal 2021. Total revenue guidance for fiscal 2021 increases to approximately &hellip; Continue reading &quot;AMMO, Inc. 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(Nasdaq: 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 4th\u00a0quarter for the 2021 Fiscal Year.\u00a0 The Company is providing revenue guidance of approximately $20 million for the 4th quarter of fiscal year 2021. This is the fourth straight quarter of year-over-year triple digit growth. AMMO\u2019s 4th\u00a0quarter guidance represents an estimated 317% year-over-year increase compared to $4.8 million in revenue for the 4th quarter of fiscal 2020 &#8211; an approximate 21% increase in revenue when compared to $16.5 million in the 3rd quarter of fiscal 2021. Total revenue guidance for fiscal 2021 increases to approximately &hellip; Continue reading \"AMMO, Inc. Provides 4th Quarter Fiscal Year 2021 Guidance Reflecting a 317% Year-Over-Year Revenue Increase\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-revenue-increase\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-12T15:03:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNDEyOSMzOTE0MzcwIzUwMDA1MjY3Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-revenue-increase\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ammo-inc-provides-4th-quarter-fiscal-year-2021-guidance-reflecting-a-317-year-over-year-revenue-increase\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AMMO, Inc. 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