AXIL Brands Q1 2025 Revenue $5.85M Down From $6.1M YoY

Highlights for the Quarter Ended August 31, 2024

• Net Sales (revenue) of $5.85 million as compared to $6.1 million in the prior year period.
  
  
  
   
• Gross profit as a percentage of sales was 71% in the first quarter of fiscal 2025, as compared to 76.1% for the prior year period.
  
  
  
   
• Operating expenses as a percentage of sales were 73.4% in the first quarter of fiscal 2025, compared to 73.3% for the prior year period.
  
  
  
   
• Net Cash provided by operating activities was $897,318 as compared to $397,172 in the prior year period.
  
  
  
   
• Net increase in cash was $894,848 as compared to $229,041 in the prior year period.
  
  
  
   
• Weighted average dilutive shares was 6,172,379 compared to 18,622,597 in the prior year period.
  
  
  
   
• As a result of the above, we reported a net loss of $109,805, and depreciation and amortization and stock-based compensation of $310,759, for the first quarter of fiscal 2025, compared to a net income of $154,452 in the prior year period.
  
   

"The first quarter marked a strong start to the fiscal year for AXIL," commented Chairman and Chief Executive Officer Jeff Toghraie. "We achieved significant progress by expanding into new channels and diversifying our business mix. Our continued investment in innovation and the development of compelling new products for both domestic and international markets remain a priority. We are excited by the opportunities that lie ahead and remain committed to operational excellence and delivering value to our shareholders."