The earnings call presented both positive strategic initiatives and significant challenges. While the company is making notable progress in transforming its operations and increasing efficiency, it faces decreased revenues and margins, along with operational inefficiencies. The sentiment is mixed, as the highlights do not significantly outweigh the lowlights.

Company Guidance -

Q1 2026

During the AMMO Inc. Fiscal First Quarter 2025 Earnings Call, the company's leadership provided guidance on several key metrics and strategic initiatives. Total revenues for the quarter were approximately $31 million, a decrease from $34.3 million in the prior year, primarily due to macroeconomic factors impacting both the Ammunition segment, which generated $18.7 million, and the Marketplace segment, which contributed $12.3 million. The company reported a gross margin of $9.8 million or 31.6%, down from 40.9% in the previous year, with nonrecurring expenses amounting to $6.3 million affecting adjusted EBITDA, which stood at $2 million. Notably, GunBroker's take rate increased by 40 basis points to 6.2%, and the company executed share repurchases exceeding $1 million. Looking ahead, AMMO plans to capitalize on cost-cutting opportunities of up to $15 million and expects improvements in production throughput and profitability as they continue to streamline operations and enhance their ecommerce platform, including the new cross-selling capabilities launched in the past month.

Strategic Transformation Initiatives

AMMO is focusing on high-margin rifle and pistol production and transforming its marketplace to an innovative eCommerce leader, despite challenges in a regulated market. The company is confident that these changes will lead to long-term stability and reliability.

Increase in Take Rate

GunBroker increased its take rate by 40 basis points, from 5.8% to 6.2%, through category fee changes, advertising revenue, enhanced listing fees, and the launch of Collectors Elite.

Cost-Cutting and Efficiency Improvements

Up to $15 million in cost-cutting and working capital opportunities have been identified, with plans to realize these over the next 18 to 24 months by improving visibility to cost and operating margins.

Share Repurchase Program

AMMO repurchased over $1 million in shares last quarter, with 580,000 shares repurchased under the buyback plan this quarter.

AMMO (POWW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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POWW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 18, 2025	2026 (Q1)	-0.03 / -	0.01	―	―	―
Jun 25, 2025	2025 (Q4)	-0.02 / -0.01	0.01	-200.00% (-0.02)	―	―
Feb 18, 2025	2025 (Q3)	0.01 / 0.01	0.04	-75.00% (-0.03)	―	―
Nov 11, 2024	2025 (Q2)	>-0.01 / 0.01	-0.06	116.67% (+0.07)	―	―
Aug 08, 2024	2025 (Q1)	>-0.01 / 0.01	0.05	-80.00% (-0.04)	―
Jun 13, 2024	2024 (Q4)	0.01 / 0.01	0.03	-66.67% (-0.02)	―
Feb 08, 2024	2024 (Q3)	-0.01 / 0.04	0.05	-20.00% (-0.01)	―
Nov 09, 2023	2024 (Q2)	0.01 / -0.06	0.05	-220.00% (-0.11)	―
Aug 09, 2023	2024 (Q1)	-0.02 / 0.05	0.09	-44.44% (-0.04)	―
Jun 14, 2023	2023 (Q4)	-0.01 / 0.03	0.01	200.00% (+0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

POWW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 25, 2025	$1.33	$1.29	-3.01%
Feb 18, 2025	$1.84	$1.88	+2.17%
Nov 11, 2024	$1.21	$1.34	+10.74%
Aug 08, 2024	$1.62	$1.50	-7.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.