The GunBroker marketplace web site acquisition and strong ammunition sales helped swing POWW’s bottom line to a $30,578,787 profit in the fiscal year ended Mar. 31 from a loss of $7,812,294 prior, on revenues of $240,269,166, up 285% from $62,482,330. Backing out acquisition-related expenses and other items, adjusted EBITDA was $75.5 million compared to $8.1 million. Gross margin more than doubled to 36.9% from 18.2% a year ago. Operating expenses more than tripled, but still leveraged on the soaring revenues. The total included $20.6 million of OpEx related to GunBroker, including $12.1 million of additional non-cash depreciation and amortization expenses.
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