AMMO, Inc. Provides Revenue Guidance for Its Fourth Quarter and Fiscal Year 2021
January 12, 2021 at 10:00 am EST
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AMMO, Inc. provided revenue guidance for its fourth quarter and fiscal year 2021. For the quarter, the company expects revenue guidance of approximately $20 million.
Total revenue guidance for fiscal 2021 increases to approximately $58.2 million with this fourth quarter guidance, an estimated 293% increase over fiscal 2020.
AMMO, Inc. is a vertically integrated producer of ammunition and components. The Company is the owner of GunBroker.com, which is an online marketplace serving the firearms and shooting sports industries. The Company operates through two segments: Ammunition and Marketplace. The Ammunition segment consists of the Companyâs manufacturing business. The segment is engaged in the designing, production and marketing of ammunition and ammunition component products. The Companyâs core ammunition business is vertically integrated with multi-channel distribution, including direct-to-consumer, wholesale, military and law enforcement customers. Its product offering encompasses approximately 60 items, including STREAK Visual Ammunition, a patented technology. The Marketplace segment consists of the GunBroker.com marketplace. In its role as an auction site, GunBroker.com supports the sale of firearms, ammunition and hunting/shooting accessories.
AMMO, INC. 
