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Benzinga
Benzinga
Business
Adam Eckert

After-Hours Action: Why Ammo (POWW) Shares Are Surging

AMMO Inc (NASDAQ:POWW) shares are trading higher in Wednesday's after-hours session after the company announced strong financial results that were significantly higher year-over-year.

Ammo said full-year fiscal 2022 revenue increased 285% year-over-year to $240.3 million. The company reported full-year adjusted earnings of 53 cents per share, which was up 651% year-over-year.

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