---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-26-000411"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2026-10-06T20:20:27+00:00"
generated_at: "2026-10-12T16:15:43.265610+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AXIL Brands Q1 FY2027 revenue fell 11.2% to $6.1M as XCOR II launch shifted sales to Q2

## Summary
- Net revenues were $6.1 million vs $6.9 million a year earlier, an 11.2% decline, due to the XCOR-to-XCOR II transition and a non-repeating big-box order.
- Gross margin rose to 82.6% from 67.6%, lifted by a non-recurring $0.55 million IEEPA customs duty refund; underlying margin was about 73.6%.
- XCOR II orders exceeded $2.8 million as of August 26 and $3.6 million as of September 30, 2026; shipments began in Q2 fiscal 2027.
- Net income was $0.4 million, or $0.05 per diluted share, vs $0.3 million or $0.04; operating cash flow was $3.8 million vs $739,000 used.
- AXIL ended the quarter with $7.9 million cash, up from $4.5 million at May 31, 2026, and no outstanding borrowings.

## SEC filing metadata
- accession: 0001520138-26-000411
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2026-10-06T20:20:27+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013826000411/0001520138-26-000411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013826000411/axil-20261006_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-26-000411
- JSON: https://secwatch.observer/filing/0001520138-26-000411.json
- Plain text: https://secwatch.observer/filing/0001520138-26-000411.txt

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