AMMO Second Quarter 2024 Earnings: EPS Misses Expectations

AMMO (NASDAQ:POWW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$33.1m (down 28% from 2Q 2023).
• Net loss: US$8.28m (loss widened by 422% from 2Q 2023).
• US$0.07 loss per share (further deteriorated from US$0.014 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AMMO EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 20% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of AMMO's balance sheet and an in-depth analysis of the company's financial position.

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