June 30, 2022 Ammo, Inc. Results Shoot Higher
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. Eagle Nice Profits Slip As Sales Grow Double Digits
Net income declined 12% to HK$274,633,000 ($35.3 mm) from HK$313,559,000 on revenue that was up 13% to HK$3,668,371,000 ($472.1 mm) from HK$3,248,875,000 as pandemic restrictions eased around the world and the core China market got a boost from sporting interest around the Beijing Winter Olympics. AlgiKnit Raises $13 million in Series A Funding
AlgiKnit, a NC-based startup that develops sustainable textiles from seaweed, has received $13 million in a Series A financing round led by Collaborative Fund. Strive Raises $6 Million in New Capital
Strive, which uses sensor-embedded clothing to track athlete performance, has closed a $6 million Series A funding round from a group of investors led by Future Communities Capital, bringing total funding raised to date to $10.5 million. L.L. Bean’s New Headquarters to Open Next Spring
Thanks to employees working from home during the pandemic, L.L. Bean’s $110 million expansion of its Freeport, ME, headquarters will be completed two years ahead of schedule, Mainebiz reported.
ShelterLogic Group is recalling about 786,000 RIO-branded swinging hammock chairs because improper insertion of the pins provided for assembly can cause the chair’s legs to collapse. Etcetera: Outdoor Gear Builders, Anta Sports, Yue Yuen, Swag Golf
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