AMMO, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 09:21 pm
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AMMO, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 15.42 million compared to USD 17.6 million a year ago. Revenue was USD 38.71 million compared to USD 64.69 million a year ago. Net loss was USD 4.1 million compared to net income of USD 9.07 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.
For the nine months, sales was USD 46.49 million compared to USD 46.65 million a year ago. Revenue was USD 147.76 million compared to USD 170.17 million a year ago. Net loss was USD 1.65 million compared to net income of USD 32.72 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.03 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. 
