After-Hours Action: Why Ammo (POWW) Shares Are Surging

AMMO Inc POWW shares are trading higher in Wednesday's after-hours session after the company announced strong financial results that were significantly higher year-over-year.

Ammo said full-year fiscal 2022 revenue increased 285% year-over-year to $240.3 million. The company reported full-year adjusted earnings of 53 cents per share, which was up 651% year-over-year.

Gross profit margins increased to approximately 37%. Adjusted EBITDA totaled $75.5 million for the year, an 832% increase compared to the prior year.

"As impressive as this past year has been, we believe the opportunities in front of us are significant, both with the opening of our new manufacturing facility in July and several new revenue initiatives in our Marketplace business," said Fred Wagenhals, chairman and CEO of Ammo.

Ammo said it expects full-year fiscal 2023 revenue to be between $300 million and $310 million versus the estimate of $311.77 million, according to data from Benzinga Pro. Full-year 2023 EBITDA is expected to be between $82 million and $85 million, or between $108 million and $111 million on an adjusted basis.

POWW Price Action: Ammo has a 52-week high of $10.37 and a 52-week low of $3.52.

The stock was up 9.58% in after hours at $4.46 at press time.

Photo: tung256 from Pixabay.

Posted In: why it's movingEarningsNewsPenny StocksSmall CapMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.