AMMO, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2023
August 09, 2023 at 04:31 pm EDT
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AMMO, Inc. reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was USD 13.91 million compared to USD 16.5 million a year ago. Revenue was USD 34.25 million compared to USD 60.76 million a year ago.
Net loss was USD 1.09 million compared to net income of USD 3.25 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
AMMO, Inc. is a vertically integrated producer of ammunition and components. The Company is the owner of GunBroker.com, which is an online marketplace serving the firearms and shooting sports industries. The Company operates through two segments: Ammunition and Marketplace. The Ammunition segment consists of the Companyâs manufacturing business. The segment is engaged in the designing, production and marketing of ammunition and ammunition component products. The Companyâs core ammunition business is vertically integrated with multi-channel distribution, including direct-to-consumer, wholesale, military and law enforcement customers. Its product offering encompasses approximately 60 items, including STREAK Visual Ammunition, a patented technology. The Marketplace segment consists of the GunBroker.com marketplace. In its role as an auction site, GunBroker.com supports the sale of firearms, ammunition and hunting/shooting accessories.
AMMO, INC. 
