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Ammo Raises FY2022 Revenue Forecast After GunBroker.com Acquisition

05/11/2021 05:20

09:12 AM EDT, 05/11/2021 (MT Newswires) -- Ammo (POWW) said Tuesday it now expects fiscal 2022 revenue to be $190 million, up from its previous view in April for $120 million, following the acquisition of GunBroker.com.

The company also expects its adjusted earnings before interest, taxes, depreciation, and amortization to exceed $65 million, according to a statement.

Shares were down 5.3% in recent pre-bell activity.

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