POWW - AMMO Q3: Revenue Slump Isn't My Main Concern
2024-02-20 14:21:47 ET
Summary
- AMMO manufactures ammunition and operates GunBroker, a marketplace for firearms and accessories.
- The company's revenues have fallen as heightened pandemic demand has turned into a post-pandemic slump with a weak economic environment.
- I believe that AMMO can still achieve good future growth, but the company's thin profitability doesn't make for a very attractive investment.
- At the current price, the stock seems to have some overvaluation with my financial estimates.
AMMO ( POWW ) manufactures ammunition under the Hunt LR, Streak visual ammunition, Stelth Subsonic, AMMO Incorporated Signature, and JMC names. In addition, the company operates GunBroker, a marketplace for firearms, ammunition, and accessori es. In Q3/FY2024 reported on February 8th , arou nd 61% of revenues came from ammunition division, with the other 39% coming from the GunBroker marketplace....
AMMO Q3: Revenue Slump Isn't My Main Concern