| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Insourcing of tool manufacturing expected to achieve over
$1 million in annualized cost savings
SCOTTSDALE, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (NASDAQ:POWW, POWWP))))) ("AMMO" or the "Company") the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, announces that it has acquired a tooling manufacturer that provides key resources toward the production of ammunition in its Manitowoc, Wisc. factory. The Company expects that this acquisition will result in both streamlined operation of the factory and an annualized cost savings of over $1 million.
"This acquisition was an essential step towards streamlining our plant operations by insourcing over 90% of our tooling manufacturing. We believe it will provide significant benefit as we continue to optimize the plant's management," said Jared Smith, Ammo, Inc. chief executive officer. "By strengthening our vertical capabilities, we enhance our speed to market, reduce lead times and better control costs. We expect these benefits will generate considerable cost savings and strengthen our strategic position as market leaders."
Posted In: POWW
