We expect AMMO Inc (POWW) stock to go up on 16 June Friday tomorrow based on our mathematical analysis model.
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AMMO, Inc. reported results for the fourth quarter and full fiscal year ended March 31, 2023. For the fourth quarter, the company reported revenue of $16.66 million, compared to $17.96 million one year ago. The turnover amounted to 43.68 million USD, against 70.1 million USD the previous year.
Net loss amounted to 2.94 million USD, compared to net profit of 0.527397 million USD a year ago. Basic loss per share from continuing operations was $0.03, compared to $0.01 a year ago. Diluted loss per share from continuing operations is $0.03.
For the full year, revenue was $63.15 million, compared to $64.61 million the previous year. The turnover amounted to 191.44 million USD, against 240.27 million USD the previous year. The net loss amounted to 4.6 million USD, compared to a net profit of 33.25 million USD the previous year.
Basic loss per share from continuing operations was $0.07, compared to basic earnings per share from continuing operations of $0.27 a year ago. Diluted loss per share from continuing operations was $0.07, compared to diluted earnings per share from continuing operations of $0.27 a year ago.