NASDAQ$POWW

Ammo Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record net revenues and increased fiscal year 2022 outlook.

AMMO, Inc. reported a strong first quarter for fiscal year 2022, with net revenues up by 360% to $44.5 million compared to the previous year. This growth was driven by a threefold increase in core ammunition sales and the addition of high-margin Marketplace revenue from the acquisition of GunBroker.com. The company also raised its fiscal year 2022 revenue guidance to $210 million and adjusted EBITDA guidance to $70 million.

  • Net revenues increased by 360% year-over-year to $44.5 million.
  • Ammunition sales rose by 342% compared to the first quarter of the previous year, reaching $28.4 million.
  • Marketplace revenue from GunBroker.com acquisition contributed $12.3 million.
  • Diluted EPS was $0.08, compared to ($0.07) in the prior year.

Headline financials

Total Revenue

$44.5M

Previous: $9.66M+360.4%
EPS (adj)

$0.13

Previous: -$0.07+285.7%
Capital Expenditures

-$1.61M

Previous: -$472K-241.5%
Free Cash Flow

$7.06M

Previous: -$2.23M+416.3%
Net Income

$9.54M

Previous: -$3.1M+407.3%
Operating Income

$9.68M

Previous: -$2.78M+448.2%
Gross Profit

$19M

Previous: $1.07M+1670.7%
Cash & Equivalents

$51M

Previous: $1.02M+4909.5%
Total Assets

$381M

Previous: $43.7M+771.3%

Revenue & EPS history

Ammo · Revenue · Quarterly

$44.5M

Q1 2022+360.4%vs Q1 2021
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Forward guidance

The company is increasing its fiscal 2022 revenue guidance from $190 million to $210 million and adjusted EBITDA guidance for fiscal 2022 from $65 million to $70 million.

Tailwinds

  • Fiscal 2022 revenue guidance increased to $210 million.
  • Second quarter fiscal 2022 revenue expected to be at least $51 million.
  • Third quarter fiscal 2022 revenue estimated to be approximately $60 million.
  • Adjusted EBITDA guidance for fiscal 2022 increased to $70 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.0%

Avg return

Earnings day

-3.1%

Avg return

5 days after

-4.4%

Avg return

30 days after

33%

11 / 33 earnings

Positive

+16.2%

Q3 2018

Best reaction

-28.1%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-0.5%+5.4%—
Q3 2026+7.1%+12.5%+20.2%
Q2 2026+5.6%+9.8%+27.6%
Q4 2025-3.4%-3.4%-2.0%
Q1 2026+0.9%+12.3%+26.3%
Q2 2025-2.4%-21.5%-24.4%
Q3 2025-5.2%-12.6%-27.2%
Q1 2025-3.8%-7.6%-10.8%
Q4 2024-28.1%-24.9%-33.3%
Q3 2024+16.2%+13.0%+14.8%
Q2 2024-17.1%-14.8%-23.2%
Q1 2024+1.0%-1.0%+0.0%
Q4 2023+12.4%+9.0%+1.9%
Q3 2023-11.9%-6.3%-15.8%
Q1 2023-20.5%-27.1%-39.5%
Q4 2022-6.1%+1.2%+19.0%
Q3 2022+1.7%-10.9%-1.5%
Q2 2022-2.5%-10.8%-20.2%
Q1 2022-0.7%+0.0%-10.9%
Q4 2021+14.8%-5.2%-12.7%
Q3 2021-15.7%-17.4%-38.4%
Q2 2021-0.9%-0.9%+52.8%
Q1 2021-10.7%-10.7%-12.5%
Q3 2020+9.2%+9.2%+12.8%
Q2 2020-16.4%-6.7%+6.7%
Q1 2020-2.5%+0.0%-14.0%
Q4 2019-0.9%-5.0%-9.9%
Q3 2019-1.6%-8.0%-17.3%
Q2 2019-0.6%-11.0%-4.8%
Q1 2019-3.0%-14.0%-24.7%
Q3 2018+16.2%+18.2%+20.1%
Q4 2018+5.6%+18.9%+33.3%
Q3 2017-3.3%+8.3%-33.3%
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2010———
Q2 2010———
Q1 2010———
Q4 2010———

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