Post by
Just1Question on Nov 18, 2022 6:17pm
Bottom in?
With a tougher than expected quarterly result, its easy to get discouraged, However with the new production coming online in the next quarter I hope the picture will turn in our favor. I like that the company is bringing on a new state of art production line in a new building. The fact that they have a very low debt load is also encouraging when interest rates are on an upward tracectory.
This is a clip from their quarterly report:
AMMO and the market expect to see the stabilization of commodity pricing while our new plant continues to measurably increase production capacity from approximately 400M rounds at the end of our most recent fiscal year to rounds to approximately 1 Billion rounds and better absorb manufacturing related expenses which drive down cost of goods and thus increase gross profit.