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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