2024-06-16 06:55:15 ET
Summary
- AMMO reported Q4 results with weaker-than-expected profitability, leading to a sell-off of -29% on Friday.
- Sequential growth in Q4 revenues were great, led by a great increase in ammunition sales, but weakened by GunBroker revenues.
- The stock continues to overvalue cash flow prospects as the future margin outlook is now weaker, and a lawsuit acts as a significant risk to shareholders.
AMMO, Inc. ( POWW ), the ammunition manufacturer and gun auction site owner, reported the company’s Q4/FY2024 results on the 13 th of June after market close. Markets didn’t take the results well despite a revenue beat as profitability slumped into a weaker-than-expected level despite greater revenues – the stock closed at a fall of -29% on the 14 th of June following the results....
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AMMO: Bleak Q4 Profitability, Glimpse Into Growth As Sequential Revenues Improve