At last check, the shares of premier American ammunition and munition components manufacturer and technology leader, AMMO Inc. (POWW) rose 10.58% to $9.72 in premarket trade today. AMMO stock gained 3.05% to close at $8.79 in the last trading session. POWW stock volume, recorded at 4.94 million shares, was below the 2.37 million shares traded on average daily over the last 50 trading days.
The POWW stock price has declined by 3.29% in the last five days; however, it had gained 28.13% over the last month. Over the past three months, POWW stock price increased by 55.85%, and it has gained 235.50 percent in the last 12 months. After the release of its financial results, the price of POWW stock has been rising.
POWW’s performance: how did it fare?
AMMO’s corporate headquarters are located in Scottsdale, Arizona. POWW designs and manufactures products for a number of applications, including law enforcement, military, sport shooting, and self-defense. With a vision of changing, innovating and energizing a complacent munitions industry, POWW was founded in 2016. POWW sells branded ammunition as well as /stelTH/ subsonic ammunition, armor-piercing rounds, and STREAK Visual Ammunition.
AMMO released its financial results yesterday for the fourth quarter and the fiscal year ending March 31, 2021.
Financial highlights:
- Quarter-over-quarter, sales at POWW increased by 46%, an increase of $7.6 million.
- As for margins, POWW’s fourth-quarter margin increased to approximately 23%, an increase of 179% or $7.1 million from the fourth quarter of last year.
- By adding depreciation and amortization back to cost of goods sold, gross profit for POWW for the quarter increased to 27%.
- In the quarter ended March 31, POWW’s operating expenses were 25% of sales, a decline of 58% from the previous year quarter.
- The operating expense percentage of POWW for the year was 27%, a 61% decline from the previous year.
- Approximately $3.4 million of the quarter’s non-cash expenses were incurred by POWW, which resulted in a net loss of about $463,000 for the company.
- In addition to the $7.8 million net loss for the year, POWW incurred non-cash expenses of $10.1 million.
- Adjusted EBITDA reached $4.8 million, up 296% from same quarter last year.
- A 213% increase to $8.1 million in Adjusted EBITDA for POWW was reported for the year.
- During its fiscal fourth quarter, POWW’s adjusted earnings per share (EPS) increased 167% year-over-year to $0.04.
- EPS of POWW for the year rose to $0.07, which represents a 150% increase from the prior year.
What does POWW see ahead?
AMMO (POWW) is committed to establishing a new standard in its fiscal 2022, which should result in exceptional growth. Additionally, POWW has exhibited its ability to design and manufacture technologically advanced ballistic match ammunition for The United States Department of Defense.
