10-01-2020, 03:24 AM
This quote was pretty funny, only because it is so misrepresentative...
It is good to see manufacturers being proactive and increasing supply? Being $80,000,000 behind the curve indicates that they are being reactive or have otherwise failed miserably at being proactive. Plus, it isn't like they are trying to do a good deed by increasing supply, rather than waiting on demand to subside. This is a HUGE opportunity to make a lot of money. They don't want to miss out. If they don't produce, somebody else will and they will end up with 10s of millions of dollars in cancelled orders.
We are several months into this and they are just now deciding this isn't short term? Or is it that they have more in backorders than they could have ever imagined? Ammo inc. only had $4.6 million in revenue for fiscal 2019 and $14.5 million for fiscal 2020. So backorders of $80 million represents many times the revenue than they have EVER generated in a year.
https://www.globenewswire.com/news-relea...sults.html
Quote:The problem right now seems to be a simple matter of supply not being able to keep up with demand, and its good to see manufacturers being proactive in addressing the problem by increasing supply rather than waiting for demand to subside.
It is good to see manufacturers being proactive and increasing supply? Being $80,000,000 behind the curve indicates that they are being reactive or have otherwise failed miserably at being proactive. Plus, it isn't like they are trying to do a good deed by increasing supply, rather than waiting on demand to subside. This is a HUGE opportunity to make a lot of money. They don't want to miss out. If they don't produce, somebody else will and they will end up with 10s of millions of dollars in cancelled orders.
Quote:If manufacturers felt like this was only a short-term run on ammunition, they might keep their cash in reserve rather than spending it on new equipment, but at least for Ammo Inc, thats not the case.
We are several months into this and they are just now deciding this isn't short term? Or is it that they have more in backorders than they could have ever imagined? Ammo inc. only had $4.6 million in revenue for fiscal 2019 and $14.5 million for fiscal 2020. So backorders of $80 million represents many times the revenue than they have EVER generated in a year.
https://www.globenewswire.com/news-relea...sults.html
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