---
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"
generated_at: "2026-06-11T05:39:07.798407+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Reviv3 Procare reports FY2023 revenue up 907% to $23.52M; net income of $1.82M vs loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-23-000339
- JSON: https://secwatch.observer/filing/0001520138-23-000339.json
- Plain text: https://secwatch.observer/filing/0001520138-23-000339.txt

## Key facts
- Earnings Releases
  Axil Brands, Inc. reported financial results for the fiscal year ended May 31, 2023.
  - Period: the fiscal year ended May 31, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1718500/000152013823000339/0001520138-23-000339-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.