Outdoor Holding Company

Good day, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss MOWINC's fiscal financial results for the second 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 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 second fiscal quarter of 2022. On the call today from Ammo Inc., with prepared remarks, are Fred Wagonhals, 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 4.05 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 Amoink'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 Amoink'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, November 15, 2021. Amoink assumes no obligation to update any forward-looking projection 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, Reid, and good afternoon to everyone. Thank you for joining us today. 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 Q2 results. another quarter in which we delivered significant growth in revenue and improved profitability. Based on the strong Q2 results and continued momentum across our entire business, we are again raising our outlook, increasing our fiscal 2022 revenue forecast to $250 million, from 210 million previously, and increasing our forecast for adjusted EBITDA to 80 million from 70 million previously. I would like to bring you up to date and answer most of the questions that I get hit daily with from investors. The move-in date for our new state-of-the-art 165,000-square-foot building in Manitowoc, Wisconsin, is the summer of 2022. Todd Wagonalls, our Executive VP, has assured me that it will be on time and under budget. We have pictures on our website for any one of you to view on a weekly basis. Jim Mann, our VP of Operations, has done a remarkable job in integrating our pace and loading operation, which closed down in April into Manafua's brass facility. I'm also amazed at the new automation equipment that Jim and his team have begun to put in place to eliminate future costs. Mark Hanich, our president of global marketing, and John Flynn, vice president, have been working due diligently on our new product development and government contracts At the present time, we have two DOD contracts in place. Rob Wiley, our CFO, and Susan Lockey, 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, PKF, 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 of around $185 million. Those numbers change daily. This includes working with dealers, distributors, and big box retailers, also companies Matt, Anthony, and Nate Accord, head of purchasing, have found primers and gunpowder throughout the world to keep our factories running. We also have signed a five-year contract with Vista slash Federal to supply them brass casings, and they will supply us with primers. GunBroker.com, the acquisition allowed Ammo, Inc. to have a dominant marketplace platform in the industry. Steve Irvin is on our board and is also very active in future growth of GunBroker.com. Steve Verska, president of GunBroker.com, has put together a team with Bet Cross, director of purchasing, Matt Nicholson, and Anthony Tate. Beth is leading that team in securing additional ammo, and other items to put on gunbroker.com. At this time, we have signed up to 50,000 new users per month. We believe with the credit card program, the letter of credit program, and the new loyalty program we're putting in place, as well as looking into Bitcoin programs, We believe these monthly numbers will increase dramatically. Rob Goodmanson, president, board member. Rob has brought to us and to me to help me run this company on a day-to-day basis. And because of his financial and Wall Street background, to help line up banking for future growth of this company and look at any acquisitions that might fit our wheelhouse. Any future acquisitions must be accretive and fit our wheelhouse before we even take a look at them. With that, I'm going to turn the call over to our president, Rob Goodman.