Net loss widened to $7,495,297 from $803,507 on revenues that were down 29% to $34,372,386 from $48,288,559 for the fiscal second quarter. The company suffered a production and profitability setback in the ammo segment as recently expanded facilities could not come online in the quarter due to mechanical and electrical failures in rifle casing presses, leading to additional expenses of $1.75 million. POWW should see leverage from $800,000 of that related to tooling as the presses come online. Gross margin contracted 250 b.p. to 24.1% on product mix shift and the ... Log in to view full article.