AXIL

EX-99

2 axil-20261006_8kex99z1.htm

EX-99

AXIL Brands, Inc. Reports First Quarter Fiscal 2027 Financial Results

LOS ANGELES, October 6, 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 first fiscal quarter ended August 31, 2026.

First Quarter Financial Highlights (Period-ended August 31, 2026)

(All comparisons are to the three months ended August 31, 2025 unless otherwise stated)

·Net revenues were $6.1 million, compared with $6.9 million in the prior-year period, a decrease of 11.2%. The comparison reflects the planned transition from XCOR to XCOR II and a material prior-year big-box order that did not repeat in the quarter. Direct-to-consumer revenue in the hearing segment was down less than 1%

·Gross profit was $5.0 million, or 82.6% of sales, compared with $4.6 million, or 67.6% of sales. The current-quarter margin included a non-recurring $0.55 million benefit from IEEPA customs duty refunds recognized as a reduction of cost of revenues. Excluding that item, gross margin was approximately 73.6%

·Income from operations was $437,000, compared with $412,000 in the prior-year period

·Net income was $0.4 million, or $0.05 per diluted share, compared with $0.3 million, or $0.04 per diluted share

·Adjusted EBITDA was $0.8 million, compared with $0.7 million

·Net cash provided by operating activities was $3.8 million, compared with $739,000 used in the prior-year period

·Cash was $7.9 million as of August 31, 2026, compared with $4.5 million as of May 31, 2026, with no outstanding borrowings

First Quarter Operational Update

·On August 26, 2026, the Company announced XCOR II, the next-generation successor to its flagship AXIL wireless earbud line, with availability beginning September 15, 2026.

·Initial XCOR II orders exceeded $2.8 million as of August 26, 2026 and $3.6 million as of September 30, 2026. Shipments are underway in the second quarter of fiscal 2027.

·First-quarter results included advertising costs of approximately $360,000 and inventory staging related to XCOR II launch. That spend and those shipments did not benefit first-quarter revenue; the Company anticipates they will convert to revenue in the second quarter.

·The Company brought three strategic partners into Reviv3 ProCare Company (“Reviv3”) to lead the planned global relaunch of the Reviv3 hair and skin care brand. In exchange for services, the partners received an approximately 25% ownership interest in Reviv3 in the aggregate. AXIL retains approximately 75% of Reviv3’s ownership interest and continues to consolidate Reviv3 results. The shares were valued at $137,511, which was recorded as a non-cash expense in the first quarter of fiscal 2027.

·The Company received $0.9 million in IEEPA customs duty refunds, including interest, from U.S. Customs and Border Protection. Of this amount, $0.55 million related to duties on products already sold and was recognized as a reduction of cost of revenues, $0.32 million related to products still in inventory and was recorded as a reduction of inventory, and $0.04 million was interest included in other income. No IEEPA refund claims remain outstanding.

Management Commentary

“The principal development of the quarter was the launch of XCOR II,” said Jeff Toghraie, Chairman and Chief Executive Officer. “XCOR II was announced in August, became available on September 15, and generated orders exceeding $3.6 million through September 30 across retail, distribution, and direct-to-consumer, the strongest early demand we have seen for an AXIL product. First-quarter revenue does not yet reflect that launch. The quarter included the expected slowing of first generation XCOR, the advertising and inventory required to bring XCOR II to market, and a prior-year big-box order that did not repeat. Direct-to-consumer revenue in hearing enhancement and protection was down less than 1 percent. We expect that launch investment and those orders will be reflected in second quarter revenue and beyond.”

“Reported gross margin included a non-recurring customs duty refund. Underlying margin was 73.6 percent, in line with our history. Those refunds have been collected, and no claims remain outstanding. We ended the quarter with $7.9 million of cash and no debt, and by September 30, 2026, we had fulfilled the majority of the XCOR II order backlog. On Reviv3, we brought in experienced partners, retained control, and did so without deploying AXIL cash. We are optimistic about fiscal 2027 and focused on building long-term value for shareholders.”

Use of Non-GAAP Financial Measures

The Company calculates EBITDA by taking net income calculated in accordance with accounting principles generally accepted in the Unite

EX-99.1

2 axil-20260818_8kex99z1.htm

PRESS RELEASE

Exhibit 99.1

AXIL Brands, Inc. Reports Fiscal 2026 and Fourth Quarter Financial Results

Fourth Quarter Net Revenues Increase 48.9% to a Quarterly Record $8.6 Million and Net Income of $1.5 Million, or $0.18 in diluted EPS, leading Annual Results Higher

LOS ANGELES, August 18, 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 fourth fiscal quarter ended May 31, 2026 (“Q4 2026”) and for the fiscal year ended May 31, 2026 (“fiscal 2026”).

Financial Highlights for the Quarter Ended May 31, 2026

Net revenues increased 48.9% in Q4 2026 to a record $8.6 million, compared to $5.8 million in the prior year period

Gross profit increased 53.3% in Q4 2026 to $6.2 million, compared to $4.0 million in the prior year period; gross margin expanded to 72.0% from 70.0%

Income from operations in Q4 2026 was $1.4 million, compared to $46 thousand in the prior year period

Net income in Q4 2026 was $1.5 million, or $0.21 per basic share and $0.18 per diluted share, compared to a loss of $0.2 million, or $0.04 loss per basic and diluted share in the prior year period

Adjusted EBITDA in Q4 2026 was $1.7 million, or 20.3% of net revenues, compared to $0.4 million, or 6.1% of net revenues, in the prior year period

Cash on hand as of May 31, 2026 was $4.5 million compared to $4.8 million as of May 31, 2025, with no outstanding borrowings

Operational Highlights: Retail Expansion and Product Development

Expanded Walmart partnership to include the MX PRO and MX Passive hearing protection models across approximately 1,250 store locations nationwide

Introduced the GSX 3.0 and XCOR Pro products to Sportsman's Warehouse across approximately 70 specialty retail locations and its e-commerce platform

Launched the MX II Series earmuffs powered by the Company's proprietary SonicShieldX™ technology, featuring advanced Bluetooth connectivity and automatic noise compression, with additional variants released in May 2026

Unveiled the AXIL CRX, an in-ear hearing protection solution with modular connectivity options, available beginning May 2026

The Company's full product line became available at U.S. Marine Corps Exchange (MCX) locations in the first quarter of fiscal 2027, extending its reach to military personnel, their families, and authorized patrons across mass, specialty, and military channels.

-1-

“The strength of our fourth quarter financial results was in-line with our expectations, and represents execution of our growth plan, from strategic investments we have made across the business, from distribution, to product innovation and operational infrastructure,” said Jeff Toghraie, AXIL Chairman and Chief Executive Officer. “We exited the year at an annual sales run-rate of nearly $35 million and gross margins of 72% in the fourth quarter, which was at the higher end of our historical range. Net income of $1.5 million, or $0.18 per diluted share for the quarter compared to a loss in last year’s same period and compared to just a marginal profit in our last quarter, brought our full year net income to $2.7 million, or $0.33 in diluted EPS, compared to $0.10 for our full year of 2025. These all represent record results for Axil.”

“The quarter also reflects what was a defining year for our retail distribution strategy. We expanded our Walmart partnership to approximately 1,250 store locations, entered Sportsman’s Warehouse across approximately 70 specialty retail locations, and subsequent to fiscal year end, announced that our full product line became available at U.S. Marine Corps Exchange locations beginning in July 2026. We estimate our total store count has grown to approximately 6,000 locations compared to approximately 1,800 at the end of last fiscal year. That growth, across mass, specialty, and now military channels, reflects the broadening appeal of the AXIL brand and the strength of the relationships we have built.”

“We continued to invest in the product portfolio that underpins our long-term competitive position. The launch of the MX II Series, powered by our proprietary SonicShieldX™ technology, and the introduction of the AXIL CRX expand our offering across form factors and price points.”

“We enter fiscal 2027 with a stronger balance sheet, no outstanding borrowings, a larger retail footprint and a deeper product portfolio. We believe AXIL is still in the early stages of a multi-year growth trajectory, and we remain focused on executing the strategy that will achieve consistent and sustainable returns for our shareholders,” concluded Mr. Toghraie.

Quarterly Financial Review:

Net revenues increased by $2,811,154, or 48.9%, to $8,562,463 for the three months ende

EX-99.1

2 axil-20260408_8kex99z1.htm

EXHIBIT 99.1

AXIL Brands, Inc. Reports Third Quarter Fiscal Year 2026 Financial Results

LOS ANGELES, April 8, 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.

Cost of sales increased by $296,270 or 15.1% from $1,955,939 in the three months ended February 28, 2025 to $2,252,209 in the three months ended February 28, 2026. Cost of sales as a percentage of net revenues for the three months ended February 28, 2026 was 30.9% as compared to 28.3% for the three months ended February 28, 2025. Cost of sales as a percentage of revenue increased primarily due to increased tariffs.

Gross profit increased by $75,393 or 1.5% from $4,966,428 in the three months ended February 28, 2025 to $5,041,821 for the three months ended February 28, 2026. Gross profit as a percentage of sales for the three months ended February 28, 2026 was 69.1%, as compared to 71.7% for the three months ended February 28, 2025. Gross profit as a percentage of sales decreased primarily due to higher customs duties.

Operating expenses increased by $444,263 or 10.1% from $4,383,319 in the three months ended February 28, 2025 to $4,827,582 in the three months ended February 28, 2026. Operating expenses as a percentage of net revenues for the three months ended February 28, 2026 was 66.2% compared to 63.3% for the three months ended February 28, 2025. Operating expenses increased primarily due to higher sales and marketing expenses of approximately $400,000, reflecting increased investment in retail sales promotional initiatives and efforts to enhance overall brand awareness.

Income from operations for the three months ended February 28, 2026, was $214,239 compared to $583,109 for the three months ended February 28, 2025. The decrease in income from operations of $368,870 related primarily to an increase in sales and marketing costs as explained above.

Net income was $203,046 and $576,662 for the three months ended February 28, 2026 and 2025, respectively.

Adjusted EBITDA decreased by $419,752 or 47.1% from $890,546 for the three months ended February 28, 2025 to $470,794 for the three months ended February 28, 2026. Adjusted EBITDA as a percentage of sales, net for the three months ended February 28, 2026 and 2025, was 6.5% and 12.9%, respectively. Adjusted EBITDA decreased primarily due to an approximately $400,000 increase in retail sales and marketing expenses, reflecting continued investment in our channel diversification strategy and broader brand-building initiatives aimed at driving long-term revenue growth.

Management Commentary:

“Seasonal order patterns coupled with incremental spending required in connection with our retail distribution expansion temporarily comp