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Article Date: February 2024
Word Count: 236

Ammo, Inc.’s Cost Cutting Pays Off


Net loss narrowed 60% to $1,643,989 from $4,102,992 for the fiscal third quarter on revenue that was down 7% to $36,006,464 from $38,711,494. Ammo sales declined 14% to $17.3 million on unfavorable shifts in the US commercial market, while Casing sales increased 5% to $4.7 million. The buildout for higher rifle brass production is in place and now ramping up. On the packaged ammo end, the rebranded Streak, Signature, Stealth lines are now in store, with the new hunt lines set to debut in the summer. The Marketplace segment continued to ... Log in to view full article.

 


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