Marketplace Expansion and Ammunition Innovation

Market Share: GunBroker vs NICS Market Share % (Estimated) 6% 6.0% 4% 2% 0% Aug 1, 21 Dec 1, 21 Apr 1, 22 Aug 1, 22 Dec 1, 22 Apr 1, 23 Aug 1, 23 Date National Instant Criminal Background Check System (NICS): Adjusted NICS 5.7% The NICS conducts background checks on people who want to own a firearm or explosive, as required by law. Comparing sales from 9/1/2021 to 9/30/2023 on the GunBroker.com platform against reported adjusted NICS checks provided by the FBI. **Adjusted NICs numbers are Total NICS- Permits - Permit Rechecks. These numbers are to be used for general estimations as they don't account for any granular characteristics and may cause slight inflation of numbers. Nasdaq POWW GUN BROKER.COM™

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