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AMMO, Inc.

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
$209.63M
P/E (TTM)
-1.9
111.4
Dividend Yield
--
52W High
$2.13
52W Low
$1.08
52W Range
68%
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

Q2 2026 Data

Revenue

$11.98M-61.86%
4-Quarter Trend

EPS

$0.01-105.09%
4-Quarter Trend

FCF

$2.52M-123.82%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Ammunition Business Sale Closed Sale of Ammunition segment closed April 2025, yielding $42.9M net proceeds, streamlining operations to Marketplace focus.
Continuing Operations Loss Narrowed Continuing operations net loss narrowed significantly to $(4.458B) for six months, down from $(17.865B) prior period.
Cash Position Strengthened Cash and equivalents reached $65.7M as of September 30, 2025, reflecting $35.4M increase since March 31, 2025.
Gross Margin Improvement Achieved Gross margin improved to 87.1% for six months due to better platform monetization and higher margin seller services mix.

Risk Factors

Internal Control Weaknesses Persist Material weaknesses persist in internal controls over complex accounting, related party disclosures, and financial reporting processes.
Unresolved SEC Investigation Risk Unresolved SEC investigation concerning compensation and accounting disclosures presents inestimable loss contingency exposure.
Pending Litigation Uncertainty MN Action trial scheduled for 2026; management cannot estimate potential loss range for ongoing litigation matters.
Related Party Debt Obligations Significant related party debt obligations totaling $51.0M principal remain outstanding following May 2025 settlement terms.

Outlook

Focus on Marketplace Growth Key FY2026 strategy focuses on launching universal payment processing to drive electronic transactions and increase Gross Merchandise Value.
Capital Structure Enhancement Plans Intends to repurchase shares to improve capital structure, alongside advancing restructuring efforts to reduce operational costs going forward.
Internal Control Remediation Underway Committed to continuous internal control improvement, focusing on remediation testing over two consecutive financial reporting quarters ahead.
Adequate Liquidity Expected Expect existing working capital and cash flows to adequately fund operations requirements over the next twelve months period.

Peer Comparison

Revenue (TTM)

Alta Equipment Group Inc.ALTG
$1.82B
-4.0%
TrueBlue, Inc.TBI
$1.58B
-5.4%
Forrester Research, Inc.FORR
$403.87M
-8.7%

Gross Margin (Latest Quarter)

AMMO, Inc.POWW
87.1%
+64.1pp
Freightos LimitedCRGO
69.1%
+4.1pp
Innovative Solutions and Support, Inc.ISSC
63.2%
+7.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ISSC$393.75M25.028.1%23.4%
POWW$209.63M-1.9-44.4%4.1%
ALTG$208.56M-2.6-175.6%85.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-25.7%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 9, 2026
|
EPS:-
|
Revenue:$12.52M
Reports
All Years

  • Form 10-Q - Q2 2026

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $11.98M-61.9%
    |
    EPS: $0.01-105.1%
    Beat

  • Form 10-Q - Q1 2026

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $11.86M-3.5%
    |
    EPS: $-0.06-52.4%
    Miss

  • Form 10-K - FY 2025

    Period End: Mar 31, 2025|Filed: Jun 16, 2025|
    Revenue: $49.40M-8.4%
    |
    EPS: $-1.14-612.5%
    Miss

  • Form 10-Q/A - Q2 2025

    Period End: Sep 30, 2024|Filed: May 27, 2025|
    Revenue: $31.42M-8.6%
    |
    EPS: $-0.11+57.1%
    Miss

  • Form 10-K/A - FY 2024

    Period End: Mar 31, 2024|Filed: May 20, 2025|
    Revenue: $145.06M-14.6%
    |
    EPS: $-0.16-60.0%
    Miss

  • Form 10-Q - Q3 2025

    Period End: Dec 31, 2024|Filed: May 20, 2025|
    Revenue: $29.19M-18.9%
    |
    EPS: $-0.23+755.0%
    Miss

  • Form 10-Q/A - Q1 2025

    Period End: Jun 30, 2024|Filed: May 20, 2025|
    Revenue: $12.28M-64.1%
    |
    EPS: $-0.13+550.0%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Sep 30, 2024|Filed: May 20, 2025|Refer to amended data