AMMO, INC. Files 2024 10-K Report

TL;DR

AMMO filed its 2024 10-K. Check revenues from ammo sales & marketplace fees.

AI Summary

AMMO, INC. filed its 10-K for the fiscal year ending March 31, 2024, reporting on its operations in ordnance and accessories. The company's fiscal year 2024 saw revenues from Ammunition Sales, Marketplace Fee Revenue, and Ammunition Casings Sales. Key financial periods covered include fiscal years 2024, 2023, and 2022.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of AMMO, INC.'s financial performance and operational details for the past fiscal year, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2024-03-31 — Fiscal Year End (Reporting period for the 10-K)
• 2023-04-01 — Fiscal Year Start (Beginning of the reporting period)

Key Players & Entities

• AMMO, INC. (company) — Filer of the 10-K report
• 2024-03-31 (date) — Fiscal year end date
• 2023-03-31 (date) — Previous fiscal year end date
• 2022-03-31 (date) — Fiscal year end date prior to that

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value POWW The Nasdaq Stock Mar

Filing Documents

• form10-k.htm (10-K) — 2088KB
• ex23-1.htm (EX-23.1) — 3KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• form10-k_001.jpg (GRAPHIC) — 31KB
• 0001493152-24-023731.txt ( ) — 9972KB
• poww-20240331.xsd (EX-101.SCH) — 78KB
• poww-20240331_cal.xml (EX-101.CAL) — 97KB
• poww-20240331_def.xml (EX-101.DEF) — 332KB
• poww-20240331_lab.xml (EX-101.LAB) — 591KB
• poww-20240331_pre.xml (EX-101.PRE) — 459KB
• form10-k_htm.xml (XML) — 1553KB

BUSINESS

BUSINESS 4 ITEM 1A:

RISK FACTORS

RISK FACTORS 11 ITEM 1B: UNRESOLVED STAFF COMMENTS 26 ITEM 1C: CYBERSECURITY 26 ITEM 2:

PROPERTIES

PROPERTIES 27 ITEM 3:

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 28 ITEM 4: MINE SAFETY DISCLOSURE 28 PART II ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND PURCHASES OF EQUITY SECURITIES 28 ITEM 6: RESERVED 30 ITEM 7:

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION 30 ITEM 7A:

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 42 ITEM 8: FINANCIAL 42 ITEM 9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 42 ITEM 9A:

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 43 ITEM 9B: OTHER INFORMATION 47 ITEM 9C: DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 47 PART III ITEM 10: DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 48 ITEM 11:

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 48 ITEM 12:

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 48 ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 48 ITEM 14: PRINCIPAL ACCOUNTING FEES AND SERVICES 48 PART IV ITEM 15: EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 49

SIGNATURES

SIGNATURES 51 2 ADDITIONAL INFORMATION Descriptions of agreements or other documents contained in this report are intended as summaries and are not complete descriptions thereof. Please refer to the agreements or other documents filed or incorporated herein by reference as exhibits. Please see the exhibit index at the end of this report for a complete list of those exhibits. In our Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission, references to: (a) "Common Stock" refers to our common stock, $0.001 par value per share; (b) "2024 fiscal year" refers to the fiscal year that end on March 31, 2024; (c) "AMMO, Inc.," "AMMO," "the Company," "we," "us," "our" and similar terms refer to AMMO, Inc. and its wholly owned operating subsidiaries Enlight Group II, LLC, AMMO Munitions, Inc., Firelight Group I LLC, Speedlight Group I, LLC, SNI, LLC, GB Investments, Inc., IA Tech, LLC, Outdoors Online, LLC, Enthusiast Commerce, LLC, five other subsidiaries listed on Exhibit 21.1 filed with this Annual Report on Form 10-K, and AMMO Technologies, Inc. (with AMMO Technologies, Inc. currently being inactive); and (d) "Series A Preferred Stock" refers to our 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This document contains certain "forward-looking (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") . Such "forward-looking statements" may include, but are 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 o

Forward looking statements may include the words "may," "could," "estimate,"

Forward looking statements may include the words "may," "could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words, or the negative thereof. In some cases, you may also identify forward-looking statements based on the fact that they do not relate solely to historical fact. These forward-looking statements present our estimates and assumptions only as of the date of this report and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements . 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, except as required by law. 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 Current Reports on Form 8-K. 3 PART I ITEM 1. BUSINESS. Introduction Ammo Inc. is a conglomerate of two premium positions in the shooting sports industry. Ammo Inc. started in ammunition manufacturing and broadened its portfolio with the acquisition of GunBroker.com ("GunBroker") in 2021. GunBroker is an e-commerce marketplace ("Marketplace") that connects buyers and sellers with new/used firearms and ancillary gear and componentry for the outdoor community. GunBroker helps facilitate this community with a state and federal compliant solution that connects buyers with sellers across the United States ("U.S.") with their local federally licensed firearm dealers. This allows our base of approximately 8.1 million users to follow ownership policies and regulations through our netw

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View this 10-K filing on SEC EDGAR