https://celeryinvestor.com/wp-content/uploads/2021/01/ammoinc.5e7ddd4352f79.png 499 886 Celery Investor https://celeryinvestor.com/wp-content/uploads/2021/01/Screen-Shot-2021-01-12-at-11.30.49-PM-300x93.png Celery Investor2021-01-13 14:45:192021-01-13 14:51:34Ammo Inc. – POWW Stock Soars 36% Today – Expects 317% year-over-year increase in fourth-quarter 2021 revenue
- For fourth quarter fiscal year 2021, Ammo (OTCQB:POWW +4.3%) provided revenue guidance of ~$20M (+317% Y/Y, +21% Q/Q), indicating consecutive quarter of Y/Y triple digit growth.
- FY21 total revenue guidance increases to ~$58.2M post updated Q4 guidance, an estimated 293% Y/Y increase.
- “The 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,” chairman & CEO Fred Wagenhals commented.
- Ammo expects to increase its positive adj. EBITDA in Q4 led by driving sales of higher margin product offerings.
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