NASDAQ$POWW
Ammo Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a decrease in revenue due to softening ammunition markets but showed improvements in gross margin and strong cash flow.
AMMO, Inc. reported first quarter fiscal 2024 results with a decrease in revenue to $34.3 million compared to $60.8 million in the prior year quarter, primarily due to decreased sales in the ammunition segment. However, the company saw improvements in gross margin and generated $13.0 million in cash from operations. The company reported a net loss per share of $0.02 or adjusted net income per share of $0.05.
- Gross margins increased due to a shift in sales mix and benefits from a leaner operating model.
- Casing sales increased to $6.2 million, up from $3.3 million in the prior year period.
- Marketplace revenue was $13.9 million for the reported quarter.
- The company repurchased approximately 739,000 shares of its common stock during the quarter.
Headline financials
Revenue & EPS history
Ammo · Revenue · Quarterly
$34.3M
Forward guidance
The company is rolling out beta testing for its payment platform on GunBroker.com, with a formal launch expected by the end of the quarter. The cart platform for GunBroker.com is expected to launch by the end of the fiscal year.
Tailwinds
- Improvements to marketplace GunBroker.com are underway.
- Beta testing for payment platform is in progress.
- Formal launch of payment platform expected by the end of the quarter.
- Cart platform for GunBroker.com is on pace for launch by the end of the fiscal year.
- Company feels confident in its financial position.
Headwinds
- The company faces headwinds due to softening in the US commercial ammunition markets.
- Revenue decreased due to a decrease in sales activity from the ammunition segment.
- There were approximately $2.8 million of nonrecurring legal expenses incurred in the first fiscal quarter.
- Without the nonrecurring legal expenses, the company would have generated a profit for the quarter.
- Consumer currently faces major economic challenges
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 2024
-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
| Quarter | Report date | Reaction (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% | |
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