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AI brief of an SEC Form 8-K · Axil Brands, Inc. (AXIL)

AXIL Brands revenue falls 11.2% to $6.1 million; net income rises to $0.4 million

Mixed Impact 3 of 5 earnings Written later

AXIL Brands reported first-quarter fiscal 2027 results for the three months ended August 31, 2026. Revenue fell 11.2% to $6.1 million from $6.9 million, while net income rose to $0.4 million, or $0.05 per diluted share, helped by a non-recurring $0.55 million customs duty refund. Management said XCOR II orders of $3.6 million through September 30 should show up in second-quarter revenue.

Key points

  • Net revenues were $6.1 million, down 11.2% from $6.9 million, reflecting the XCOR to XCOR II transition and a prior-year big-box order that did not repeat.
  • Net income was $0.4 million, or $0.05 per diluted share, compared with $0.3 million, or $0.04 per diluted share a year earlier.
  • Gross margin of 82.6% included a $0.55 million IEEPA customs duty refund; excluding it, gross margin was approximately 73.6%.
  • XCOR II orders exceeded $3.6 million as of September 30, 2026, and cash was $7.9 million with no outstanding borrowings.

The filing

CompanyAxil Brands, Inc. (AXIL)
Form8-K, current report
Filed with the SECOct 6, 2026, 4:20 PM ET
Accession number0001520138-26-000411

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.