{"schema_version":"secwatch.filing_event.v1","accession":"0001520138-23-000339","form_type":"8-K","ticker":"AXIL","cik":"0001718500","company_name":"Axil Brands, Inc.","filed_at":"2023-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.974372+00:00","generated_at":"2026-06-11T05:39:07.798407+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Reviv3 Procare reports FY2023 revenue up 907% to $23.52M; net income of $1.82M vs loss","bullets":["Net sales $23.52M for FY ended May 31, 2023, up 907% from $2.34M prior year.","Gross profit margin improved to 75.3% from 64.5%; operating expenses as % of revenue fell to 66.9%.","Net income of $1.82M ($0.02 basic EPS) vs net loss of $182,903 prior year.","Acquisition of AXIL in June 2022 drove growth; expanded distribution deals and NASCAR licensing.","Cash balance $4.83M as of May 31, 2023, up from $0.37M prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001520138-23-000339","json":"https://secwatch.observer/filing/0001520138-23-000339.json","markdown":"https://secwatch.observer/filing/0001520138-23-000339.md","text":"https://secwatch.observer/filing/0001520138-23-000339.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718500/000152013823000339/0001520138-23-000339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718500/000152013823000339/rviv-20230822_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:39:07.798407+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a33c08f0319dda4c5006a42bff8bf044e2f17fc6","claim":"Axil Brands, Inc. reported financial results for the fiscal year ended May 31, 2023.","evidence_excerpt":"On August 22, 2023, Reviv3 Procare Company (the “Company”) issued a press release announcing its consolidated financial results for the fourth quarter ended May 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718500/000152013823000339/0001520138-23-000339-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended May 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}