AXIL Brands Q1 Revenue Down 11.2% to $6.1M; Net Income Up to $0.4M
AXIL Brands, Inc. reported first quarter fiscal 2027 results with a net revenue decrease of 11.2% to $6.1 million, attributed to a planned product transition and a prior-year large order that did not repeat. Despite the revenue dip, net income increased to $0.4 million ($0.05 EPS) from $0.3 million ($0.04 EPS) YoY, and net cash from operations surged to $3.8 million. The company also announced the successful launch of XCOR II, which has generated significant early orders, and a strategic partnership for its Reviv3 hair and skin care brand, bringing in partners for a 25% stake while AXIL retains control.
Key Highlights
- Net revenues decreased 11.2% to $6.1 million YoY, impacted by product transition and a non-recurring big-box order.
- Gross profit was $5.0 million (82.6% margin), including a $0.55 million duty refund benefit; underlying margin was 73.6%.
- Income from operations increased to $437,000 from $412,000 in the prior year.
- Net income rose to $0.4 million ($0.05 EPS) from $0.3 million ($0.04 EPS) YoY.
- Adjusted EBITDA grew to $0.8 million from $0.7 million YoY.
- Net cash provided by operating activities was $3.8 million, a significant increase from $739,000 used in the prior year.
- Cash balance increased to $7.9 million from $4.5 million, with no outstanding borrowings.
- Reviv3 ProCare brought in strategic partners for a 25% stake, retaining 75% ownership.
Price Impact
More from AXIL
AXIL Brands Products to Launch at Marine Corps Exchanges in July
Axil Brands CFO Certifies Q1 2026 Financial Report Compliance and Fair Presentation
AXIL Brands, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results