Originally Posted By BiGx5MurF⏩

Originally Posted By LinuxJon⏩

Originally Posted By BiGx5MurF⏩

Originally Posted By BiGx5MurF⏩

Originally Posted By RThoe⏩

Originally Posted By Farley1324⏩

And it's possible ammo will be worse in 7 months than it is now

Originally Posted By gachase21⏩

Originally Posted By Farley1324⏩

IRS issues procedures to apply bonus regulations retroactively
TAX ALERT | November 09, 2020

In Rev. Proc. 2020-50, the IRS provides taxpayers with flexibility to consider the application of various bonus depreciation regulations retroactively. The guidance generally applies to depreciable property acquired by a taxpayer after Sept. 27, 2017, and placed in service before the taxpayer’s first taxable year that begins on or after Jan. 1, 2021.

AMMO, Inc. Announces Plans to Construct a $12 Million Plant, Tripling its Manufacturing Footprint in Wisconsin

SCOTTSDALE, Ariz., Jan. 05, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, has entered into a term sheet with the City of Manitowoc, Wisconsin to acquire in excess of 35 acres in the Manitowoc Industrial Park (“MIP”) for the purpose of constructing an expanded loaded ammunition and brass casing manufacturing plant.

In conjunction with its Payson, Arizona based ammunition loading operation, the Company currently operates in Wisconsin in an approximate 50,000 sq. ft. leased facility situated in the MIP where its JMC brass manufacturing business, military-grade ammunition development and supporting loading operations reside. Following the City Council’s unanimous approval at last evening’s meeting, AMMO will now work with Mayor Justin Nickels and his team to prepare the definitive Development Agreement to consummate the transaction which is founded upon seven figures in incentives tied to substantial job growth and development of the world-class plant. AMMO’s current plans call for constructing a best-in-class $12 million (est.), 160,000 sq. ft. facility on the site to be fully operational in the Summer of 2022. AMMO’s newly minted cutting-edge facility will support the Company’s plan to exponentially expand its manufacturing base of operations in the heart of the US, ensuring it is best positioned from a facilities and location perspective to serve the entire US and its overseas customer base. AMMO anticipates opening the new plant with approximately 150 employees, expecting to increase its workforce over the following 18-24 months and beyond.

“This new state-of-the-art plant will strengthen AMMO’s laser focus on designing and manufacturing premium products for the commercial, military, law enforcement and overseas markets,” said Fred Wagenhals, AMMO’s Chairman and CEO. Mr. Wagenhals also noted that “Mayor Justin Nickels, his staff and the entire Council have demonstrated a can-do approach to supporting business and manufacturing growth in their community, providing a platform for AMMO to be a significant employer in the area, poised for continued growth in the months and years to come.”

“We are excited AMMO has selected Manitowoc to expand its manufacturing operations, bringing excellent paying jobs that will make a difference in our community.” “We look forward to developing a strong partnership with the AMMO team – a partnership which we believe will lead to future growth down the road and further solidify Manitowoc as a manufacturing hub for many different industries,” said Mayor Nickels.

About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona. AMMO, Inc. (the “Company and/or AMMO”) designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and armor piercing rounds for military use. For more information please visit:www.ammo-inc.com.

Forward Looking Statements
This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.

Investor Contact:
Rob Wiley, CFO
AMMO, Inc.
Phone: (480) 947-0001
IR@ammo-inc.com

Originally Posted By taf1968⏩

Originally Posted By Farley1324⏩

AMMO Sets New Company Record in Orders Shipped While Recordingan Increased $180 Million Backlog of Booked Orders for the Fiscal Third Quarter

SCOTTSDALE, Ariz, Feb. 04, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, has reported a 256% year-over-year increase in orders shipped, as it works around the clock to fulfill booked orders which have now increased to a record setting $180 million as of February 1, 2021.

“We continue to strategically and effectively increase our order intake, manufacturing and shipping capacity in an effort to address the continuing escalating demand being received across all channels, as our record backlog continues to grow,” said Fred Wagenhals, AMMO’s Chairman and CEO. “We are now seeing global demand for loaded ammunition and components increase, and we continue to add new key retail distribution customers such as BIG 5 and Midsouth Shooters Supply and others. We see strong demand through all of 2021 and continue into 2022 for the US Commercial Market,” said Mr. Wagenhals.

AMMO will address its record-breaking revenue results and industry outlook during the Company’s February 16th earnings call.

Shares of Ammo (NASDAQ:POWW) closed 13.7% higher on Tuesday after the ammunition manufacturer announced the resumption of production on a manufacturing line for "improved" .50 caliber ammunition.

Production will be at the Jagemann Munition Components plant that Ammo acquired as part of its March 2019 acquisition of Jagemann.

So what
Ordinarily, this would sound like a rather ho-hum announcement, but Ammo noted that the reason it is restarting production is "to address increased market demand and fulfill current orders" -- which suggests that restarting production will be accompanied by increasing sales. Further reinforcing this thesis, Ammo said it has been receiving "increasing indications of export interest from abroad."

In that regard, late last month Ammo noted that it had won a "significant" ammunition export contract from an unnamed foreign buyer.

Now what
Ammo management further commented that "2021 has started off to be a great year for AMMO." Over the past 12 months, Ammo generated total sales of only $27.3 million. But the company says its .50 caliber production line alone should generate a minimum of $40 million in annual revenue "at current production levels," and if production is increased, revenue could exceed $80 million -- nearly triple current levels from a single product line.

Originally Posted By Griggz⏩

Originally Posted By gachase21⏩

Originally Posted By NuggzTheNinja⏩

Originally Posted By IronILLinois⏩

Originally Posted By NuggzTheNinja⏩

Ammo (NASDAQ:POWW) continued to pop off on Tuesday, the first trading day of this week -- and the second day since Ammo announced that it has won a contract to supply a "significant" amount of ammunition to a foreign buyer.

As of 2:45 p.m. EST today, Ammo stock is up 5%, adding to the 1.9% gain it enjoyed the day after the contract was announced.

So what
On Thursday last week, Ammo informed investors that "it has entered into a significant international transaction involving 7.62 mm ammunition." No specific value was ascribed to the contract, however, nor did management state how long the contract will be in effect, or even when deliveries are to begin (or for that matter, who the buyer is).

What Ammo did say is that it is intent on "diversifying [its] business" internationally, and that "import/export markets are opening up again and we are seeing success in securing relationships."

Now what
Indeed, Ammo noted that it thinks it "reasonable" to expect it will win "many more" similar international contracts "in the coming months," which may explain investors' enthusiasm over a contract announcement which had, really, very few details revealed about it.

Originally Posted By gachase21⏩

Originally Posted By spirit750⏩

Originally Posted By Farley1324⏩

Ammo, Inc. designs, develops, manufactures, markets, and sells ammunition and ammunition component products for use in handguns and long guns in the United States and internationally. The company offers STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; One Precise Shot ammunition, which is designed to meet various engagement scenarios experienced by law enforcement personnel in the line of duty; and Stelth Subsonic ammunition that is designed primarily for suppressed firearms. It also provides Jesse James ammunition, a jacketed hollow point projectile for self-defense; and Jeff Rann's ammunition for game hunting. In addition, the company offers hard armor piercing incendiary rounds; and ammunition casings for pistol ammunition through large rifle ammunition. The company offers its products to sport and recreational shooters, hunters, individuals seeking home or personal protection, and law enforcement and military agencies. Ammo, Inc. was founded in 1990 and is based in Scottsdale, Arizona.