Premium Hair and Skin Solutions Brand Targets Domestic & International Markets LOS ANGELES, June 04, 2025 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. ("AXIL" or the "Company") (NYSE American: AXIL), an emerging global consumer products company for AXIL® hearing protection and enhancement products and Reviv3® hair and skin care products, today announced a strategic partnership with JuiceCo Pro Agency to expand Reviv3's hair and skin care products global footprint through enhanced distribution alliances and increas ...

AXIL’s cutting-edge hearing solutions draw acclaim for innovation and performanceLOS ANGELES, May 30, 2025 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. (“AXIL” or the “Company”)(NYSE American: AXIL), a leader in innovative hearing protection, hearing enhancement, and wireless technology, is proud to announce its recent recognition in esteemed military and technology media outlets. Renowned publications including Military Times, Marine Corps Times, Air Force Times and Navy Times spotlighted AXIL’s groundbreaking pr ...

Shares of AXIL Brands, Inc. (AXIL) have fallen 2.2% since reporting results for the third quarter of fiscal 2025. This compares with the S&P 500 index’s 7.8% growth over the same time frame. Over the past month, the stock has lost 37%, notably underperforming the S&P 500’s 2.6% decline. The sharp underperformance reflects investor reaction to AXIL’s recent results and broader market dynamics.In the third quarter of fiscal quarter, AXIL reported revenues of $6.92 million, a 7% increase from $6.47 million in ...

Core Insights - AXIL Brands, Inc. reported strong financial and operational results for the third quarter ended February 28, 2025, highlighting a successful execution of its multi-channel growth strategy [3][4] - The company achieved a positive Adjusted EBITDA of $0.9 million, a significant improvement from a loss in the prior-year period, indicating a meaningful inflection point in operational performance [4][6] - AXIL is proactively addressing risks associated with evolving U.S. trade policy by accelerating its supply chain transition strategy and enhancing domestic manufacturing capabilities [4] Financial Performance - Revenue for 3Q25 was $6.9 million, compared to $6.5 million in the prior year period, reflecting a year-over-year increase [6] - Gross profit margin improved slightly to 71.7% in 3Q25 from 71.5% in the prior year period [6] - Operating expenses as a percentage of sales decreased significantly to 63.3% in 3Q25 from 73.1% in the prior year period [6] - Net income for 3Q25 was $0.6 million, down from $0.8 million in the prior year period [6] - Adjusted EBITDA for 3Q25 was $0.9 million, compared to an Adjusted EBITDA loss of $11 thousand in the prior year period [6][8] Cash Flow and Balance Sheet - Net cash provided by operating activities for the nine months ended February 28, 2025, was $1.7 million, up from $0.3 million for the same period in the prior year [6][12] - Cash as of February 28, 2025, was $4.7 million, an increase from $3.3 million as of May 31, 2024 [6][9] - Total assets increased to $12.95 million as of February 28, 2025, compared to $10.97 million as of May 31, 2024 [9][10] Operational Strategy - The company is focusing on expanding into new geographic markets and deepening retail distribution to drive growth [3][4] - AXIL is taking decisive actions to enhance long-term resilience and control over its cost structure in response to new tariffs [4]

Core Insights - AXIL Brands, Inc. is focusing on expanding its offline retail presence and entering international markets as part of an 18-month marketing initiative [1][2] - The company aims to raise awareness about hearing loss, which affects over 1.5 billion people globally, while promoting its innovative hearing solutions [2] - By the end of 2026, AXIL targets a balanced revenue mix of 30% from retail, 30% from online sales, and 30% from international markets [2] Group 1 - AXIL is recognized for pioneering the in-ear hearing protection category and is leveraging its industry leadership to reach new customers worldwide [1][3] - The company is expanding partnerships with major retailers and distributors in the U.S. to enhance its offline presence [3] - AXIL has secured strategic distribution agreements in major hubs across the European Union and is negotiating in Asia-Pacific markets [3] Group 2 - The initiatives aim to make AXIL's products accessible to a broader audience, addressing both recreational and occupational hearing protection needs [3] - The company is exploring options for its legacy hair care and skin care subsidiary to maintain focus on its core business while maximizing shareholder value [4] - AXIL Brands manufactures and markets premium hearing enhancement and protection products, including ear plugs, earmuffs, and earbuds, under the AXIL brand [5]

Company Overview - AXIL Brands, Inc. is a leader in innovative hearing protection, enhancement, and Bluetooth/wireless technology [1] - The company is publicly traded on NYSE American under the ticker AXIL and operates globally, selling products in the U.S., Canada, the European Union, and Asia [5] New Product Launch - AXIL has entered into a multi-year licensing agreement with Feld Entertainment to produce Monster Jam-branded hearing protection products [1][2] - The new product line will include earbuds, earmuffs, hearing devices, and ear plugs designed for both adults and youth [2] - These products will feature AXIL's signature sound quality and hearing protection functionality, aimed at fans of all ages [2] Market Availability - The Monster Jam-branded products are expected to be available for purchase in the spring of 2025 through various retail outlets and online platforms [2] Strategic Partnership - The collaboration with Feld Entertainment aims to enhance hearing safety while capturing the excitement of motorsports [3] - This partnership allows Monster Jam fans to showcase their fandom through the new hearing protection products [4] Company Mission - AXIL's CEO emphasized the commitment to superior hearing safety and the goal of providing high-quality hearing protection for fans [3] - The company aims to create products that allow fans to enjoy events while safeguarding their hearing [3] Industry Context - Feld Entertainment is a leader in live touring family entertainment, producing events that entertain millions globally [4] - The Monster Jam brand extends beyond live events into consumer products, content, and merchandise, enhancing year-round engagement with fans [3]

Core Insights - AXIL Brands, Inc. is showcasing its MX Series hearing protection lineup at the NASCAR Daytona 500 event from February 13 to February 16, 2025, highlighting its commitment to innovative hearing solutions [1][2] - The company aims to enhance the race experience for NASCAR fans and professionals through its advanced hearing protection and enhancement technologies [3] Company Overview - AXIL Brands is a manufacturer and marketer of premium hearing enhancement and protection products, including ear plugs, earmuffs, and earbuds, and operates under the AXIL brand [6] - The company also offers premium hair and skincare products under its Reviv3 brand, with a market presence in the United States, Canada, the European Union, and Asia [6] Industry Context - NASCAR is the leading motorsport organization in the United States, sanctioning over 1,200 races annually across various series and regions, providing a significant platform for consumer engagement and strategic partnerships for companies like AXIL [5]

Core Insights - AXIL Brands, Inc. has launched the MX Series Earmuff line, designed for outdoor enthusiasts, professionals, and hobbyists, featuring three advanced models with customizable outer plates for aesthetic and functional purposes [1][3] Product Features - The MX Series Earmuffs include improved circuitry for superior sound clarity, reliable noise reduction, and seamless Bluetooth audio integration, all in a compact design [3][7] - The models include: - MX Passive: Offers top-tier passive noise reduction - MX Electronic: Combines electronic hearing enhancement with automatic noise protection - MX PRO: Features electronic hearing amplification, Bluetooth wireless audio, automatic noise protection, and a 3.5mm audio jack for two-way communication [7][8] - The earmuffs are designed for exceptional comfort with lightweight materials and multiple pad selections for customization [7] Availability - The MX Series Earmuffs will be available for purchase on AXIL's website starting February 15, 2025, and at select global retailers from March 15, 2025 [4] Company Overview - AXIL Brands is a global consumer products company specializing in premium hearing enhancement and protection products, including ear plugs, earmuffs, and earbuds, marketed under the AXIL brand [5]

Core Viewpoint - AXIL Brands, Inc. demonstrated relative resilience in its stock performance despite broader market declines, with a slight increase in share price following its earnings report for Q2 fiscal 2025, contrasting with the S&P 500's decline [1] Revenue & EPS Analysis - The company reported diluted earnings per share of 8 cents, a 60% increase from 5 cents in the same quarter last year, attributed to a higher weighted average share count [2] - Net sales were $7.73 million, down 8.2% from $8.42 million year-over-year, due to timing differences in post-Thanksgiving sales events [2] Segmental Performance - Hearing Enhancement & Protection segment, the largest for AXIL, generated $7.45 million in revenues, a 9.1% decline from $8.19 million in Q2 fiscal 2024, with gross profit down 12.5% to $5.32 million [3] - Hair & Skin Care segment revenues increased by 23.3% to $284,545, with slight growth in gross profit to $173,507, benefiting from higher distributor sales [4] Key Business Metrics - Gross profit decreased by 12.1% year-over-year to $5.5 million, with gross margin falling to 71.1% from 74.3% due to higher costs and increased discounts [5] - Operating income declined 46.8% to $0.7 million, leading to an operating margin of 8.7%, down from 15% [6] - Adjusted EBITDA was $1.01 million, down 28.9% year-over-year, with the adjusted EBITDA margin contracting to 13.1% [7] Costs & Expenses - Total operating expenses were $4.83 million, a 3.4% decline from $5 million, primarily due to reduced advertising costs [8] - Selling, general and administrative expenses decreased 2.7% to $3.97 million, while research and development expenses remained flat at $0.86 million [9] Cash & Debt - As of November 30, 2024, AXIL held $5.21 million in cash, up from $3.25 million in May 2024, attributed to effective working capital management [10] - Total debt remained stable at $3.81 million, with a net cash position improving to $1.4 million from a net debt position of $0.55 million a year ago [11] Management Commentary & Outlook - Management is focused on geographic expansion and product offerings, incurring approximately $130,000 in consulting fees for these initiatives, although benefits have yet to materialize [12] - The company is optimizing e-commerce strategies and diversifying sales channels, remaining optimistic about long-term growth and market share capture [13] Factors Influencing Results - The timing of sales recognition for post-Thanksgiving events significantly impacted quarterly revenue, while rising stock-based compensation and new product costs added margin pressures [14] Other Developments - AXIL transitioned to a new corporate headquarters and warehouse, indicating a commitment to operational growth and efficiency, with no major changes in product warranty or revenue recognition policies [15]

Financial Performance - Revenue for 2Q25 was $7.7 million, a decrease of 8.3% compared to $8.4 million in the prior year period[9] - Gross profit margin was 71.1% in 2Q25, down from 74.3% in the prior year period[9] - Net income for 2Q25 was $0.6 million, compared to $1.0 million in the prior year period, reflecting a decline of 40%[9] - Adjusted EBITDA for 2Q25 was $1.0 million, down from $1.4 million in the prior year period, representing a decrease of 28.6%[9] - Adjusted EBITDA as a percentage of sales was 13.1% in 2Q25, down from 16.9% in the prior year period[11] - Net income for the six months ended November 30, 2024, was $523,901, a decrease of 55.3% compared to $1,172,527 in 2023[17] - Total cash at the end of the period was $5,213,897, down from $5,962,431 in 2023, reflecting a decrease of 12.6%[17] - Cash provided by operating activities increased to $1,904,174, up 52.0% from $1,252,113 in the previous year[17] Operating Expenses - Operating expenses as a percentage of sales increased to 62.4% in 2Q25 from 59.3% in the prior year period[9] - Stock-based compensation rose significantly to $602,464, compared to $102,215 in the prior year, indicating a 493.5% increase[17] - Accounts receivable saw a negative change of $962,337, worsening from a negative change of $600,626 in 2023[17] - Inventory levels improved with a positive change of $729,534, compared to a negative change of $1,040,351 in the previous year[17] Strategic Initiatives - The company is expanding its retail presence, currently in over 1,000 locations, including Bass Pro Shops and select Walmart stores[5] - AXIL plans to launch a successor series to its TRACKR earmuffs in the first half of calendar year 2025, focusing on technological leadership and improved functionality[6] - The company aims to diversify its distribution strategy and establish additional international distribution agreements[4] - The company is focused on expanding its distribution channels and developing new products to drive net sales growth[19] - AXIL Brands operates in multiple regions including the United States, Canada, the European Union, and Asia, indicating a broad market presence[18] Challenges and Commitments - The company anticipates potential challenges in generating sufficient revenue and managing operational costs amid economic uncertainties[19] - AXIL Brands is committed to enhancing its product offerings in hearing enhancement and protection, as well as hair and skincare products[18]