AMMO, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
June 14, 2023 at 04:15 pm EDT
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AMMO, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was USD 16.66 million compared to USD 17.96 million a year ago. Revenue was USD 43.68 million compared to USD 70.1 million a year ago. Net loss was USD 2.94 million compared to net income of USD 0.527397 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.03.
For the full year, sales was USD 63.15 million compared to USD 64.61 million a year ago. Revenue was USD 191.44 million compared to USD 240.27 million a year ago. Net loss was USD 4.6 million compared to net income of USD 33.25 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.27 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. 
