secwatch.observer — SEC 8-K summary
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Issuer:     Axil Brands, Inc. (AXIL)
CIK:        0001718500
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001520138-24-000345
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000345/0001520138-24-000345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000345/axil-20241009_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000345

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