AMMO, Inc. (NASDAQ:POWW) Q3 2023 Earnings Call Transcript

Jared Smith: Look, this is the piece that really baffles my mind as I came into this space is, the lack of awareness of where a GunBroker is today and where it’s going within the next six months. This single transaction that’s capped by a single transaction because of the way the development has been done and the ability to go to a cart is huge for a GunBroker. And by that shift of seeing where not only people are buying a 7 millimeter PRC rifle, we’re seeing where they’re also investing their dollars. So, we can take that data work with our industrial partners, work within our own factories, and build those relationships with those marketers and those people that are going to market to go, I want to put a package together of with the latest holster or the next firearm manufacturer. That’s the kind of data and the ability for us to be able to leverage going forward.

Mark Smith: I think the last question for me and maybe Rob, this might be best for you. Any breakdown you can give us as we look at your top line guidance and I realize it’s just one quarter, but any additional info you can give us on what the GunBroker sales maybe are as a breakout within your guidance, as well as any shifts even though they may be small within, kind of that’s built into the guidance for March quarter?

Rob Wiley: Yes. Thank you, Mark. This is Rob Wiley. Typically, we don’t give too granular on our guidance, but just for looking at Q4, sure you can come up with the remainder of the revenue that we’re forecasting there, but we really think of the split of 60% of the ammunition casing side of the business and the remainder of 40% from the GunBroker platform.

Mark Smith: Perfect. Thank you, guys.

Operator: Ladies and gentlemen, this concludes our question-and-answer session. I would like to turn the conference back over to Fred Wagenhals for any closing remarks.

Fred Wagenhals: Yes. Thank you and I know the investors can’t see it from where you’re sitting, but there’s been a big change in this company since Jared came onboard. In 40 days, we’ve made a lot of progress just watch and see where we go over the next 4 months to 6 months. Thank you very much. Have a good day gentlemen.

Operator: And thank you, sir. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.