AMMO, Inc. (NASDAQ:POWW) Q2 2024 Results Conference Call November 9, 2023 5:00 PM ET
Company Participants
Scott Arnold - CoreIR
Fred Wagenhals - Executive Chairman
Jared Smith - CEO
Rob Wiley - CFO
Conference Call Participants
Mike Zabran - ROTH
Mark Smith - Lake Street
Operator
Ladies and gentlemen, thank you for standing by. Good afternoon, and welcome to the AMMO, Inc. Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Participants of this call are advised that the audio of this conference is being broadcast live over the Internet and is also being recorded for playback purposes.
I would now like to turn the call over to Scott Arnold of CORE IR, the Company’s Investor Relations firm. Please go ahead, sir.
Scott Arnold
Good afternoon, and thank you for participating in today’s conference call. Joining me from AMMO’s leadership team are Fred Wagenhals, Executive Chairman; Jared Smith, Chief Executive Officer; and Rob Wiley, Chief Financial Officer.
During this call, management will be making forward-looking statements, including statements that address AMMO’s expectations for future performance or operational results. Forward-looking statements involve risks and other factors that may cause actual results to differ materially from those statements. For more information about these risks, please refer to the risk factors described in AMMO’s most recently filed periodic reports on Form 10-K and Form 10-Q, the Form 8-K filed with the SEC today and the Company’s press releases that accompanies this call, particularly the cautionary statements in it.
Today’s conference call includes non-GAAP financial measures that AMMO believes can be useful in evaluating its performance. You should not consider this additional information in isolation or as a substitute for results prepared in accordance with GAAP. For a reconciliation of this non-GAAP financial measure to net loss, its most directly comparable GAAP financial measure, please see the reconciliation table located in the Company’s earnings press release.
The content of this call contains time-sensitive information that is accurate only as of today, November 9, 2023. Except as required by law, AMMO disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call.
It is now my pleasure to turn the call over to AMMO’s Chief Executive Officer, Jared Smith.
Jared Smith
Good afternoon, everyone.
Our fiscal second quarter was a very difficult quarter for our industry, which had been previously anticipated and reported by our major competitors. With that said, the market is moving very quickly due to recent international and domestic events. From our perspective, we continue to transition our business to a leaner and more profitable operating model and remain focused on addressing operational inefficiencies.