LOS ANGELES, Oct. 07, 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, announces its financial results for the first quarter ended August 31, 2025 (“1Q26”). Financial Highlights for the Quarter Ended August 31, 2025 Net sales in 1Q26 were $6.9 million, as compared to $5.9 million in the prior year period, an increase of 17.2%Gr ...

Core Insights - AXIL Brands, Inc. has launched its X30i filtered earplugs in a two-pack bundle available on Costco.com, expanding its product offerings on the Costco platform [1][2] - The X30i earplugs feature advanced technology to protect against continuous and impulse noise, making them suitable for various high-noise environments [3] Product Details - The X30i earplugs come in two colors: black and desert tan, and are designed for extreme noise environments such as concerts, air travel, and construction [2][3] - The earplugs provide up to 25dB SNR of noise reduction while allowing users to maintain situational awareness through a toggle switch to switch between modes [3] Company Overview - AXIL Brands is a global consumer products company specializing in hearing protection and enhancement products under the AXIL® brand, as well as hair and skincare products under the Reviv3® brand [5] - The company markets its products in the United States, Canada, the European Union, and Asia, indicating a broad international presence [5]

Core Insights - AXIL Brands, Inc. reported solid financial results for fiscal year ended May 31, 2025, achieving a net income of $0.9 million and a 21% increase in Adjusted EBITDA year-over-year, despite global trade challenges [4][7] - The company is focusing on relocating a significant portion of its manufacturing to the United States to reduce tariff exposure and enhance operational stability [5] - A major wholesale partnership with a leading national retailer is expected to drive top-line growth starting in fiscal 2026, expanding brand visibility and market reach [6] Financial Highlights - Net sales for fiscal 2025 were $26.3 million, a decrease from $27.5 million in fiscal 2024 [7] - Gross profit margin was 71.0% in fiscal 2025, down from 73.4% in the prior year [7] - Operating expenses improved to 66.6% of net sales in fiscal 2025 from 67.9% in fiscal 2024 [7] - Adjusted EBITDA for fiscal 2025 was $2.4 million, reflecting a 21.3% increase from $2.0 million in fiscal 2024 [7][12] - Cash on hand increased to $4.8 million as of May 31, 2025, up from $3.3 million in the previous year [7] Operational Developments - The company appointed a veteran contractor to lead its hair and skin care division, aiming to accelerate brand growth [6] - AXIL launched Sharper Vision Marketing, a subsidiary to leverage internal digital marketing expertise and reduce customer acquisition costs [8] - The supply chain transition plan is on track, with advancements in domestic manufacturing to mitigate tariff pressures [8] Market Positioning - AXIL Brands is recognized in military publications, enhancing its reputation in the hearing protection market [7] - The company is positioned to scale its multi-channel distribution and product innovation to create long-term shareholder value [10]