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 third 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 third quarter of fiscal 2022. on the call today from ammo inc with prepared remarks are fred wagon halls 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 0 5 pm eastern time If you have not received this 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, February 14, 2022. 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. Good afternoon, and thank you all for joining us today. Q3 was another record-setting quarter for our company, and our strategy and our amazing team's work ethics is driving record results. We have again reached another record-breaking quarter sales and set new records for EBITDA, making our ninth straight quarter of record financial performance. Ammo's year-to-date revenues growth rate of 344% was driven from a revenue base that grew by approximately 287% in comparison to a year-over-year quarterly comparison. These results were fueled by continuing high demand for our key products across our portfolio, coupled with organic growth as a result of our new innovation and continued scaling and efficiencies of operation at the ammunition and gunbroker.com marketplace operational levels. As we continue to integrate and leverage the gunbroker.com marketplace, it posted an impressive quarter of performance, especially when you consider the post-COVID market the industry has been operating in since April 2020. These impressive results are truly a testament to our team effort. I would like to bring you up to date and answer most of the questions I get hit with daily from investors. Stock repurchase. The Board of Directors recently authorized a share repurchase program for up to $30 million of its outstanding common stock. This repurchase of up to $30 million of stock represents our commitment to increasing shareholder value and gives us flexibility to deploy some of our cash flow into our future. Our strong balance sheet and rapidly growing revenues, we believe it is appropriate to have the option to repurchase stock if it makes sense as the best investment at that time. Capacity. As we noted in our recent revenue guidance for a full year of fiscal 2022 of $250 million, we see no slowdown in demand for our ammunition at our current production levels our entire production is completely sold out for 2022. we are increasing production monthly and look forward to the completion of our new state-of-the-art manufacturing facility this facility will allow us to ramp up capacity quickly to meet customers demands We continue to invest in people and manufacturing equipment as we prepare to launch our new facility. We are well positioned to execute and drive shareholder value at this time. GunBroker.com. Growth in our GunBroker.com marketplace continues at double digit rate. We continue to work diligently to meet the growth demand for all our products and service on this site. We are bringing new products to sell on gunbroker.com as well as improving the overall customer experience in 2022. New facility. As shareholders know, we are building a new 160,000 square foot state-of-the-art facility. It is on time and currently expected to open in the summer of 2022 with capacity approaching 1 billion rounds annually. This will allow us to keep up with the strong demand we continue to see in the ammunition market. With that, I will turn it over to Rob Goodmanson, our president.