---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-24-000345"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:44:05.529967+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AXIL Q1 net loss $109,805 vs prior year net income; revenue $5.85M, slightly down

## Summary
- Net sales $5.85M vs $6.1M a year ago; gross margin fell to 71% from 76.1%.
- Net loss of $109,805 vs net income of $154,452 in prior year period.
- Operating expenses as % of sales flat at 73.4% vs 73.3%; professional & consulting jumped to $947,849 from $426,775.
- Cash from ops improved to $897,318 from $397,172; total cash $4.15M.
- Weighted diluted shares fell to 6.17M from 18.62M (prior year includes preferred stock effect).

## SEC filing metadata
- accession: 0001520138-24-000345
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013824000345/0001520138-24-000345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013824000345/axil-20241009_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-24-000345
- JSON: https://secwatch.observer/filing/0001520138-24-000345.json
- Plain text: https://secwatch.observer/filing/0001520138-24-000345.txt

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