Ammo Inc (POWW): Q1 2022 Earnings Recap
Ammo Inc (NASDAQ:POWW) is an ammo and ammunition accessory manufacturer that sells its product through third-party retailers and its online marketplace, GunBroker.com. We’ve followed the company since May 2020, and it is one of our largest positions in the portfolio. Q2 2021 hedge fund letters, conferences and more POWW reported earnings on Monday (08/16) and crushed it. Here are some of the highlights: Revenues increased 360% YoY to $44.5M ($12.3M from GunBroker.com)Net Income increased from -$3.1M to +$9.5MAdjusted EBITDA increased from -$0.3M to +$16.3MGross Margin increased from 11.1% to 4...