GunBroker Pulls Down Ammo, Inc.’s Q4
Net loss attributable to shareholders widened to $6,115,520 from $3,708,191 on sales that were down 8% to $40,421,147 from $43,683,722 for the fiscal fourth quarter. Marketplace sales at GunBroker led the decline with a 19% downturn to $13.6 million on lower demand. The small but high-margin Casing segment posted a 26% gain to $4.4 million, while Ammunition sales were down 5% to $22.4 million. The quarter marked a 22% sequential turnaround for Ammunition, however. Gross margin contracted 400 b.p. to 23.3% on the unfavorable sales mix shift in the large segments, ... Log in to view full article.