---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-24-000165"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:26:39.712230+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Axil Brands Q3 net income $781K ($0.04 diluted); revenue up 14% YoY; repurchased 83% of Series A preferred shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001520138-24-000165
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013824000165/0001520138-24-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013824000165/axil-20240409_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-24-000165
- JSON: https://secwatch.observer/filing/0001520138-24-000165.json
- Plain text: https://secwatch.observer/filing/0001520138-24-000165.txt

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