AXIL Brands, Inc. (NYSE American: AXIL) shares were frozen first thing Wednesday. The Los Angeles-based company, an emerging global consumer products concern for AXIL® hearing protection and enhancement products and Reviv3® hair and skin care products, and marketing services for third-party brands today announced financial and operational results for the third fiscal quarter ended February 28, 2026.
Net sales increased 5.4% in Q3 2026 to $7.3 million, compared to $6.9 million in the prior year period
Gross profit was largely unchanged at approximately $5.0 million for both periods, representing 69.1% gross margin in Q3 2026, compared to 71.7% in the prior year period
Operating expenses of $4.8 million were 66.2% of net sales in Q3 2026, compared to $4.4 million, or 63.3% of sales in the prior year period
Net income in Q3 2026 was $0.2 million, or $0.02 per diluted share compared to $0.6 million, or $0.07 per diluted share in the prior year period
Adjusted EBITDA in Q3 2026 was $0.5 million, compared to $0.9 million in the prior year period
Net cash provided by operating activities for the nine months ended February 28, 2026 was $0.8 million, compared to $1.7 million in the prior year period
Cash on hand as of February 28, 2026 was $5.5 million, representing an increase of $700,000 compared to $4.8 million as of May 31, 2025
AXIL shares closed Tuesday at $7.00.
