NASDAQ$POWW

Ammo Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

AMMO, Inc. reported fiscal year 2022 financial results, including 285% revenue growth.

AMMO, Inc. reported a transformational year with a more than tripling of ammunition sales and becoming the world’s largest online marketplace for firearms through the acquisition of GunBroker.com. The company delivered 400 million rounds of ammunition and generated $65 million in Marketplace revenues on $1.3 billion in transactions.

  • Total net revenues increased by 285% or $177.8 million compared to the previous fiscal year.
  • Gross margin increased to 36.9% from 18.2% due to the inclusion of GunBroker.com Marketplace.
  • Operating income was $37.1 million, compared to an operating loss of $5.4 million in the previous year.
  • Net income was approximately $33.2 million or $0.27 per diluted share, compared to a net loss of approximately $7.8 million or $0.14 per diluted share in the previous year.

Headline financials

Total Revenue

$70.1M

Previous: $24.2M+189.7%
EPS (adj)

$0.09

Previous: $0.04+125.0%
Capital Expenditures

$6.35M

Previous: $2.94M+115.7%
Free Cash Flow

$61.6K

Previous: -$12.1M+100.5%
Net Income

$33.2M

Previous: -$463K+7270.6%
Operating Income

$37.1M

Previous: -$461K+8146.9%
Gross Profit

$21.1M

Previous: $5.68M+270.4%
Cash & Equivalents

$23.3M

Previous: $118M-80.3%
Total Assets

$414M

Previous: $179M+130.9%

Revenue & EPS history

Ammo · Revenue · Quarterly

$70.1M

Q4 2022+189.7%vs Q4 2021
Beat estimate in 5 of 12 quarters(42%)
ActualEstimate

Forward guidance

AMMO, Inc. is guiding its 2023 Fiscal Year to revenues in the range of $300 million to $310 million, EBITDA in the range of $82 million to $85 million and Adjusted EBITDA in the range of $108 million to $111 million.

Tailwinds

  • Revenues in the range of $300 million to $310 million.
  • EBITDA in the range of $82 million to $85 million.
  • Adjusted EBITDA in the range of $108 million to $111 million.
  • Transition into new manufacturing facility beginning in July of 2022.
  • Significantly leverage production by bringing online capacity improvements and vertical integration efforts.

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 Q4 2022

Historical avgQ4 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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