The bottom line swung to a loss of $4,482,117 from the prior year’s income of $10,419,865 on shrinking ammo margins and several one-time expenses, as revenue dropped 40% to $38,711,949 from $64,689,186 for the fiscal third quarter ended Dec. 31. The ammo segment led the decline, dropping 54% to $20.3 million from $44.1 million on industry-wide leveling off demand. Marketplace revenue was down 13% to $15.4 million from $17.6 million. New president and COO Jared Smith outlined a focus shift towards high performance rifle and pistol brass and loading higher calibers ... Log in to view full article.