AXIL Brands, Inc. Reports Second Quarter Fiscal Year 2026 Financial Results

Core Insights - AXIL Brands, Inc. reported strong financial and operational results for the second quarter ended November 30, 2025, highlighting solid top-line growth and improved profitability metrics [1][4][6]. Financial Highlights - Net sales increased to $8.1 million, a 5.2% rise from $7.7 million in the prior year period [6]. - Gross profit was $5.5 million, representing 68.1% of sales, compared to 71.1% in the prior year [6]. - Operating expenses decreased to $4.6 million, or 57.0% of net sales, down from 62.4% in the prior year [6]. - Net income rose to $704,833, up from $633,706 in the prior year [6]. - Adjusted EBITDA was $1.2 million, a 13.9% increase from $1.0 million in the prior year [6]. Recent Business Highlights - The company is focused on retail channel expansion and enhancing its e-commerce model, with a national distribution agreement with Walmart set to introduce AXIL products to approximately 3,700 locations starting in early 2026 [5][8]. - The initial product rollout will feature next-generation in-ear hearing protection technology [6]. - AXIL launched GS Extreme 3.0 tactical earbuds and Reviv3 products through Chatters, Canada's largest salon retailer [6]. Operational Developments - Cash on hand as of November 30, 2025, was $5.0 million, an increase from $4.8 million as of May 31, 2025 [6]. - The company aims to sustain profitable growth through cash generated from operations while building lasting value for shareholders [8].