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[3] [4] Urvan ran the company until it was acquired by Ammo, Inc in 2021. [5] At the closing of merger, it had $60 million in revenue and 6 million registered users. [4] On July 28, 2024, now-parent company AMMO, Inc. appointed Jared Smith as the company's Chief Executive Officer. [6] Fred Wagenhals is Chairman of GunBroker.com via AMMO, Inc ...
CCI (Cascade Cartridge Inc.), based in Lewiston, Idaho, manufactures rimfire ammunition, centerfire handgun ammunition, and primers for reloaders and industrial ammunition production. CCI made the first mini-mag rimfire ammunition in 1963, and in 1975 developed the Stinger, a high velocity .22 Long Rifle product.
It was built by Remington Arms in 1941 to manufacture and test small-caliber ammunition for the army. As of July 2007, the plant produced about 1.5 billion rounds of ammunition per year. The LCAAP still tests ammunition and is the largest producer of small-arms ammunition for the U.S. military. ATK has operated the LCAAP since April 2001. [34] [35]
During the company’s latest earnings call, Ammo Inc. CEO Jared Smith boasted about increased sequential sales despite comparable revenue decreasing to $40.4 million from $43.7 million for the ...
Vista Outdoor was the parent company to many ammunition makers, including Federal, CCI, and Remington. [8] In October 2023, the company announced that its firearms and ammunition business will be sold off to Czech company Czechoslovak Group for a value of $1.91 billion, pending regulatory approval.
Other companies that saw large upticks included Ammo Inc., which had a rise in stock price of around 15 percent, and outdoor sporting goods chain Vista Outdoor Inc. rose by around 1.15 percent.
Federal Premium Ammunition is a wholly-owned subsidiary of the Czechoslovak Group, located in Anoka, Minnesota. With a workforce of nearly 1,500, Federal manufactures shotshell , centerfire , and rimfire ammunition and components.
AMMO, Inc. (POWW) delivered earnings and revenue surprises of 75% and 0.29%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?