Launched in 2019 with Mission to Deliver High-Quality,
Precision Rounds for Military & Defense Operations Across the World, AMMO, Inc. is gearing up to Report its Second Quarter Fiscal 2020 Results on or before November 16. Currently, they have a large distribution channel, which is inline with their recent statements surrounding its projected revenues.
“Given the diligent work of our CFO and his Finance Department team, AMMO anticipates reporting on November 16th $12.0 million in revenue for the second quarter of the Company’s 2021 fiscal year. I am proud of the work of our team in this challenging post-COVID time where we are poised to report a 306% year-over-year revenue increase,” said Fred Wagenhals, AMMO’s chairman and CEO. “Our hard work and dedication is clearly paying off, we will see a 24% sequential revenue increase when comparing the reported $9.7 million in revenue in the first quarter of fiscal 2021 with the expected second quarter $12.0 million revenue figure.”
This comes after the company recently announced it has substantially increased its manufacturing output by adding new press and ancillary equipment to its revolver, medium rifle and large rifle ammunition component production lines.
“We are continuing to increase our casing production capacity in a targeted and strategic manner that dovetails with our ammunition loading operations,” said Fred Wagenhals, AMMO’s chairman and CEO. “This manufacturing output increase further strengthens our position to meet the record backlog of booked orders that we have generated in this heightened demand environment. In addition, this added production capacity provides us with the ability to generate up to an additional $70 million in annual revenue through the sale of loaded ammunition and brass casings to new and existing customers across all channels.”