AXIL
AXIL Brands, Inc. · Consumer Defensive
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AXIL Brands, Inc. · Consumer Defensive
LOS ANGELES, April 08, 2026 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. (“AXIL,” “we,” “us,” “our,” or the “Company”) (NYSE American: AXIL), an emerging global consumer products company for AXIL® hearing protection and enhancement products and Reviv3® hair and skin care products, and marketing services for third-party brands today announced financial and operational results for the third fiscal quarter ended February 28, 2026 (“Q3 2026”). Financial Highlights for the Quarter Ended February 28, 2026 Net sales increased 5.4% in Q3 2026 to $7.3 million, compared to $6.9 million in the prior year period Gross profit was largely unchanged at approximately $5.0 million for both periods, representing 69.1% gross margin in Q3 2026, compared to 71.7% in the prior year period Operating expenses of $4.8 million were 66.2% of net sales in Q3 2026, compared to $4.4 million, or 63.3% of sales in the prior year period Net income in Q3 2026 was $0.2 million, or $0.02 per diluted share compared to $0.6 million, or $0.07 per diluted share in the prior year period Adjusted EBITDA in Q3 2026 was $0.5 million, compared to $0.9 million in the prior year period Net cash provided by operating activities for the nine months ended February 28, 2026 was $0.8 million, compared to $1.7 million in the prior year period Cash on hand as of February 28, 2026 was $5.5 million, representing an increase of $700,000 compared to $4.8 million as of May 31, 2025 Operations Update: Announced new order with Home Depot to distribute three high performance products through its on-line platform Announced that Sportsman's Warehouse will distribute two products, GSX 3 and XCor Pro, which will be available at 70 national stores and on-line Announced 3,700-store rollout with Walmart beginning first half of calendar 2026 Announced expansion of licensing agreement with Monster Jam Quarterly Results: Net sales increased by $371,663, or 5.4%, to $7,294,030 for the three months ended February 28, 2026, compared to $6,922,367 for the prior-year period, primarily driven by continued growth in demand for our hearing enhancement and protective equipment products, and partially offset by lower sales in our hair and skin care segment, which were impacted by the absence of a significant distributor order that was fulfilled in the prior-year period.
LOS ANGELES, March 30, 2026 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. (NYSE American: AXIL), a leader in innovative hearing protection and enhancement technology, today announced that it will introduce two of its flagship electronic hearing protection products, the GSX 3.0 and XCOR Pro to Sportsman's Warehouse stores nationwide. The rollout to Sportsman's Warehouse stores is expected to begin in the coming weeks, with both products available in-store and online at Sportsmans.com.
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