secwatch.observer — SEC 8-K summary
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Issuer:     Axil Brands, Inc. (AXIL)
CIK:        0001718500
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001520138-24-000273
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000273/0001520138-24-000273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000273/axil-20240815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000273

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