earnings
confidence high
sentiment positive
materiality 0.85
Axil Brands Q3 net income $781K ($0.04 diluted); revenue up 14% YoY; repurchased 83% of Series A preferred shares
Axil Brands, Inc.
2024-Q3 EPS reported
$0.11
revenue$20,997,289
- Q3 net sales $6.47M (+14.4% YoY); net income $781K vs $162K prior year; diluted EPS $0.04.
- Gross margin 71.5% (down 310 bps YoY); operating expenses 73.1% of sales.
- Repurchased 207.75M Series A preferred shares (83% of class) in March 2024, reducing fully diluted shares by ~55%.
- Nine-month net sales $20.997M, net income $1.954M ($0.11 diluted EPS).
- Company rebranded to Axil Brands and uplisted to NYSE American during quarter.