Reviv3 Procare reports record Q2 FY2023 revenue of $6.7M, up 1,264% YoY

Axil Brands, Inc.

2023-Q2 EPS reported $0.00 revenue$10,969,357

Q2 FY2023 revenue $6,731,999 vs $493,816 prior year, a 1,264% increase driven by hearing product acquisition.
Gross profit rose to $5,039,034 (75% margin) from $381,016 (77% margin) in prior year quarter.
Net income before income tax was $987,944 compared to $28,201 in Q2 FY2022; second consecutive profitable quarter.
Six-month net cash from operations was $2,196,195 vs $28,060 used in prior comparable period.
Company moved headquarters to 901 Fremont Ave, Alhambra, CA; telephone unchanged.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Axil Brands, Inc. reported second fiscal quarter ended November 30, 2022 results: revenue $6.7 million, net income $987,944.

Period: second fiscal quarter ended November 30, 2022
Revenue: $6.7 million
Net income: $987,944
Result: reported results

Exact text from the filing

Reviv3 Procare Delivers Record Second Quarter Fiscal 2023 Revenue and Earnings · Record second quarter 2023 revenues of $6.7 million, up 1,264% year-over-year. · Gross profit increased to $5.0 million compared to $0.4 million for the prior year quarter. · Net cash generated from operating activities of $2.2 million with a net increase in cash of over $3.6 million for the first six months of 2023. · Net income before provisions for income tax of $987,944 compared to $28,201 in the prior year quarter.

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Source: SEC EDGAR

accession 0001520138-23-000020

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