Axil Brands Q1 net income rises to 420,571; revenue falls 11% to 6.09 million
AXIL•Axil Brands reported Q1 revenue of $6.1 million, down 11% year over year, and net income of $420,571. Gross margin was 82.6%, including a $0.55 million duty-refund benefit, and initial XCOR II orders exceeded $3.6 million through Sept. 30.
1. Quarterly results
For the quarter ended Aug. 31, 2026, Axil Brands reported net revenues of $6.1 million, down 11% year over year. Net income rose to $420,571 and diluted EPS to $0.05. Gross profit was $5.03 million, and gross margin widened to 82.6%; results included a $0.55 million IEEPA duty-refund benefit in cost of revenues.
2. Cash and product launch
Cash and cash equivalents increased to $7.93 million at Aug. 31 from $4.46 million at May 31, with no outstanding borrowings. After the quarter-end, the XCOR II launch began, with initial orders exceeding $3.6 million through Sept. 30; shipments started in the second quarter.
