AMMO Inc

NASDAQ:POWW   3:59:50 PM EDT
3.14
+0.08 (+2.61%)
Earnings Announcements

Ammo Inc. Announces That Steven Urvan And Susan Lokey Have Been Placed On Administrative Leave

Published: 09/06/2022 12:51 GMT
AMMO Inc (POWW) - Ammo Inc. Announces That Steven Urvan and Susan Lokey Have Been Placed on Administrative Leave.
Ammo Inc - Ammo Board Forms Special Committee.
Ammo Inc - Ammo Suspends These Employees While Company Conducts Internal Investigation.
Ammo Inc - Has Reason to Believe That Suspended Individuals May Have "misappropriated Company's Data and Digital Assets".
Ammo Inc - Has Reason to Believe That Individuals Transmitted That Data to a Third Party Controlled by Urvan and With Which Lokey is Associated.
Ammo Inc - Commenced an Internal Investigation Into Alleged Misconduct Several Weeks Ago.
Ammo Inc - During Pendency of Investigation, These Individuals Will Remain Suspended From Their Duties.
Ammo Inc - Currently Does Not Expect Investigation to Yield Any Findings That Impact Financial Results.
Revenue is expected to be $63.59 Million
Adjusted EPS is expected to be $0.06

Next Quarter Revenue Guidance is expected to be $84.24 Million
Next Quarter EPS Guidance is expected to be $0.12

More details on our Analysts Page.