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Ammo Swings to Loss, Revenue Plummets in 4Q

By Denny Jacob

Ammo Inc. swung to a loss and posted a sharp decline in revenue, reflecting low-prioritization among consumers to spend on guns and ammunition amid a challenging economy.

The ammunition maker swung to a loss of $2.94 million, or 3 cents a share, for the fourth quarter ended March 31, from net income of $527,397, or breakeven…

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