Outdoor Holding Company

Good day, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss Ammo Inc.' 's financial results for the first fiscal quarter of 2022. At this time, all participants are in a listen-only mode. Following the formal remarks, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up. Hosting today's conference call will be Reed Anderson with ICR. As a reminder, today's conference is being recorded. And now I would like to turn the conference over to Mr. Anderson. Please go ahead, sir.

Thank you. Good afternoon, and welcome to Ammo, Inc.' 's conference call to discuss results for the first fiscal quarter of 2022. On the call today from Ammo, Inc., with prepared remarks are Fred Wagonhalls, Chairman and Chief Executive Officer, Rob Goodmanson, President, and Rob Wiley, Chief Financial Officer. By now, everyone should have access to the earnings release which went out this afternoon at approximately 4.10 p.m. Eastern Time. If you have not received the release, it is available on the investor relations portion of Ammo Inc.' 's website at www.ammoinc.com. This call is being webcast, and a replay will be available on the company's website as well. Before we begin, we would like to remind everyone that our prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. These statements are based on current expectations of the company's management and involve inherent risks and uncertainties, including those identified in the risk factor section of Ammo Inc.' 's most recently filed Forms 10-K and 10-Q. Please note that during today's call, we will discuss non-GAAP financial measures, including results on an adjusted basis. Management believes these financial measures can facilitate a more complete analysis and greater transparency into Ammo, Inc.' 's ongoing results of operations, particularly when comparing underlying operating results from period to period. We've included a reconciliation of these non-GAAP measures with today's release. This call also contains time-sensitive information that is accurate only as of the date of this live broadcast, August 16, 2021. Ammo, Inc. assumes no obligation to update any forward-looking projections that may be made in today's release or call. Now, I will turn the call over to Fred Wagonhals, Chairman and Chief Executive Officer of Ammo, Inc.

Thanks, Reed. I would like to extend my personal appreciation to all of our great employees, customers, and shareholders for continuing to support our company during these exciting times. I am pleased with our first quarter results, which showed significant growth in sales along with substantially improved profitability. The ammunition segment was a key sales driver, reflecting strong demands for our core product and Ammo, Inc.' 's leadership position in the market. Our marketplace segment, was the other significant factor behind our strong first quarter results as we had two months of high margin revenue from GunBroker.com, which we acquired on April 30th. The GunBroker.com acquisition was a big event for Ammo, Inc., and we are just in the early innings of realizing its true potential. Over the next 12 months, we expect to leverage this technology dominant marketplace performed to significantly broaden our growth and increase margin. I would like to bring you up to date and answer most of our questions that I get hit with weekly from investors. Our board of directors is a strong board. As far as our team effort, Chris Larson and myself have put together a team that I feel very proud of to take this company to the next level. Our Vice President, John Flynn, did a great job in securing enough land from the city of Manitowoc to build our new factory on the room and room for expansion in the future. My son, Todd Wagonalls, Executive Vice President, is in charge of getting the building built on time and under budget. The move end date is summer of 2022. This will be a 165,000 square foot state-of-the-art manufacturing facility. Jim Mann, our plant manager, has done a remarkable job of integrating our Payson loading operation into Manitowoc's brass facility. Jim has had to rent two additional warehouses to totaling 70,000 square foot to keep up with the production demand until we move into our new building. Mark Hanisch, our president of global marketing, and John Flynn have been working due diligently on new product development for commercial use and government contracts. At the present time, we have a DOD contract with the government. Rob Wiley, our CFO, and Susan Loki, CFO of GunBroker.com, and their team have worked around the clock to bring our accounting team up to par with the growth of our company. We are fortunate to have our new accounting firm, PKAF, in place. Matt Nicholson. Our Vice President of Sales and Anthony Tate, our Director of National Accounts, have done a tremendous job over the past 16 months putting together an outstanding call center with current back orders over $200 million. This includes working with dealers, distributors, and big box retailers. Also, Matt, Anthony, and Nate Accord, head of our purchasing, have found primers and gunpowder throughout the world to keep our factories running. We also have signed a five-year contract with Vista Federal to supply them with brass casings, and they supply us with primers. GunBroker.com, the acquisition allowed Ammo Inc. to have a dominant marketplace performance. Steve Irvin is on our board and is also active in future growth for the GunBroker.com business. Steve Verska is the man in charge of GunBroker.com on a daily basis and has been running GunBroker for the past 10 years. We have put together a team with Steve Verska, Beth Cross, Director of Purchasing, Matt Nicholson, and Anthony Tate. Beth is leading that team to secure ammunition and other items to put on GunBroker.com. This year, our goal is to put $25 million worth of items through gunbroker.com with high margins. Rob Goodmanson, president, board member. Rob was brought in to help me run the day-to-day operations of this company. Because of his financial background and his Wall Street background, to help me line up with bankers for future growth of this company, and to look at any acquisitions that might fit our wheelhouse. Any future acquisitions must be accretive before we even look at them. The other thing that keeps coming up is my retirement. I don't plan on retiring. I plan on being here every day at 5.30 in the morning and conducting our 8 o'clock production meetings. With that, I want to turn it over to Rob Goodman's.