secwatch.observer — SEC 8-K summary
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Issuer:     Axil Brands, Inc. (AXIL)
CIK:        0001718500
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001520138-23-000339
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718500/000152013823000339/0001520138-23-000339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718500/000152013823000339/rviv-20230822_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-23-000339

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer