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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