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Article Date: June 2023
Word Count: 310

Ammo, Inc.’s Loss Grows in Final Quarter as Sales Slip

Net loss expanded to $3,708,191 from a loss of $238,286 on revenues that were down 38% to $43,683,722 from $70,101,563 for the fiscal fourth quarter ended Mar. 31. POWW is still awaiting carting and payment processing upgrades at and is refocusing its ammunition operations on higher margin products at the short-term expense of the top line. Increasing inflationary pressures also contributed to a drop in all segments, as ammunition sales were off 52% to $23.5 million. Marketplace ( sales fell 7% to $16.7 million, though the platform managed to pick ... Log in to view full article.


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