AMMO Inc. (POWW) Misses Q2 EPS by 1c, Cuts FY Guidance

AMMO Inc. (NASDAQ: POWW) reported Q2 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $48.3 million versus the consensus estimate of $63.59 million.

GUIDANCE:

AMMO Inc. sees FY2023 revenue of $220-240 million, versus the consensus of $295 million.

• We are reducing our guidance for our 2023 Fiscal Year to revenues in the range of $220 million to $240 million, EBITDA in the range of $30 million to $40 million and Adjusted EBITDA in the range of $50 million to $60 million.

For earnings history and earnings-related data on AMMO Inc. (POWW) click here.

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