---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-24-000273"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:02:41.391196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Axil Brands reports FY2024 record revenue $27.5M, net income $2.0M, diluted EPS $0.21

## Summary
- Revenue $27.5M, +17% YoY; gross margin 73.4% vs 75.3% prior year due to new retail channel costs.
- Net income $2.0M vs $1.8M; diluted EPS $0.21 (incl. $0.08 gain on preferred redemption) vs $0.10.
- Operating income $1.5M vs $1.98M; operating expenses 68.0% of revenue vs 66.9%, driven by marketing and NYSE listing.
- Cash from operations $2.7K vs $2.9M; inventory increased to $3.4M from $1.3M.
- Diluted weighted avg shares 16.2M; as of Aug 13, 2024, diluted shares reduced 49% to ~8.3M.

## SEC filing metadata
- accession: 0001520138-24-000273
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013824000273/0001520138-24-000273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013824000273/axil-20240815_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-24-000273
- JSON: https://secwatch.observer/filing/0001520138-24-000273.json
- Plain text: https://secwatch.observer/filing/0001520138-24-000273.txt

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