AMMO, Inc.

NASDAQ•POWW

CEO: Mr. Fred W. Wagenhals

Sector: Industrials

Industry: Aerospace & Defense

Listing Date: 2017-02-07

AMMO, Inc. designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals desiring home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; Stelth Subsonic Ammunition primarily for suppressed firearms; and Jagemann Munition Components offers ammunition casings for pistol and rifle ammunition. It also owns and operates GunBroker E-commerce marketplace, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories. The company sells its products through distributors, Big Box retailers, manufacturers, specialty retailers, local ammunition stores, and shooting range operators. AMMO, Inc. is based in Scottsdale, Arizona.

Contact Information

7681 East Gray Road, Scottsdale, AZ, 85260, United States

480-947-0001

www.ammoinc.com

Market Cap

$236.92M

P/E (TTM)

-2.9

139.1

Dividend Yield

52W High

$2.23

52W Low

$1.08

52W Range

82%

Rank66Top 96.8%

1.5

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 1.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q3 2026 Data

Revenue

$13.39M+0.00%

4-Quarter Trend

EPS

$0.01+0.00%

4-Quarter Trend

FCF

$5.04M+0.00%

4-Quarter Trend

2026 Q3 Earnings Highlights

Key Highlights

Q3 Profitability Achieved Q3 2025 net income reached $2.23M from continuing operations, reversing prior period loss of $(20.39M).

Operating Loss Significantly Narrows Nine months operating loss improved $29.43M to $(3.34M) compared to $(32.77M) loss last year.

Cash Position Boosted by Sale Cash and equivalents increased $39.6M to $69.9M, primarily due to $42.9M net proceeds from divestiture.

Major Litigation Settlements Finalized Settlement of Delaware Litigation and SEC Investigation resolved major contingent liabilities and removed uncertainty.

Risk Factors

Uncertainty in Repurchase Program New $15.0M share repurchase program may be suspended or terminated, potentially affecting stock price volatility.

Goodwill Impairment Status Goodwill balance remains $90.9M; no impairment recognized for current periods, but valuation remains key risk.

Internal Control Material Weaknesses Material weaknesses persist in complex accounting, related party disclosures, and financial reporting controls.

Outlook

Marketplace Platform Expansion Key initiatives include launching universal payment processing and platform integration with Master FFL starting November 2025.

Liquidity Sufficient for 12 Months Existing working capital and operating cash flows expected to fund operations over the next 12 months adequately.

Focus on Cost Streamlining Advancing restructuring efforts to streamline the business and reduce operational costs for future efficiency.

Peer Comparison

Revenue (TTM)

ALTG

$1.84B

-2.2%

TBI

$1.62B

+3.1%

FORR

$396.89M

-8.2%

Gross Margin (Latest Quarter)

SMHI

91.0%

-5.5pp

CRGO

64.1%

+4.1pp

POWW

60.0%

+64.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ISSC	$532.82M	28.0	31.1%	21.4%
FCEL	$376.45M	-1.9	-27.1%	3.1%
POWW	$236.92M	-2.9	-35.0%	4.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

N/M

Revenue Volatile

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:May 19, 2026

EPS:-$0.03

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data