– Fiscal Second Quarter 2021 Revenue Increases 307% to
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 .
- Ammunition revenue increased 564% to
- 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 .
“The demand momentum experienced at the end of fiscal year 2020 has certainly continued to accelerate for fiscal 2021,” said
To view detailed financial results for the second quarter ended
Forward Looking Statements
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Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” 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.
Investor Contact:
Phone: (480) 947-0001
IR@ammo-inc.com
Source:
2020 GlobeNewswire, Inc., source