--
Butterfly Network up 14%, recovers losses following Q3 2021 earnings
I don't know what to do with AMMO you cannot have abetter earnings report and still it went down-- believe the numbers, believe yourself or believe the market?
I find it odd with black rifle coffee or whatever coming soon...
AMMO moves reverse despite ammunition led earnings beat, guidance boost
Nov. 16, 2021 12:29 PM ETAMMO, Inc. (POWW)
Butterfly Network up 14%, recovers losses following Q3 2021 earnings
I don't know what to do with AMMO you cannot have abetter earnings report and still it went down-- believe the numbers, believe yourself or believe the market?
I find it odd with black rifle coffee or whatever coming soon...
AMMO moves reverse despite ammunition led earnings beat, guidance boost
Nov. 16, 2021 12:29 PM ETAMMO, Inc. (POWW)
- AMMO (POWW -4.7%) is down despite reporting beat on both lines in its FQ2 earnings results.
- Revenue of $61M (+407.9% Y/Y) beats consensus by $6M.
- Marketplace revenue was $16.8M; Ammunition sales was $40.2M, compared to $8.7M in 2Q21.
- Gross profit margin was 43.0% compared to 10.7% a year ago, driven by strong growth in ammunition along with incremental revenue from the company's marketplace segment.
- Adjusted EBITDA of $24M compared to a adjusted EBITDA loss of $0.4M.
- Backlog of over $185M.
- Non-GAAP EPS of $0.17 beats by $0.07; GAAP EPS of $0.11 beats by $0.01.
- Raises Outlook: The company now expects its FY 2022 revenue to $250M, up from prior guidance of $210M vs. consensus of $219.75M. Adjusted EBITDA guidance increased to $80M from $70M.