AXIL Brands, Inc. Reports First Quarter Fiscal 2027 Financial Results
Key Highlights
- ➤Q1 revenue $6.1M, down 11.2% year over year
- ➤XCOR II orders exceeded $3.6M by September 30, with Q2 shipments underway
- ➤Q1 adjusted EBITDA $0.8M, up from $0.7M year over year
- ➤Cash rose to $7.9M, with no outstanding borrowings
- ➤Reviv3 partners received approximately 25% ownership for relaunch services
Expert Statements
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“The principal development of the quarter was the launch of XCOR II”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“XCOR II was announced in August, became available on September 15, and generated orders exceeding $3.6 million through September 30 across retail, distribution, and direct-to-consumer, the strongest early demand we have seen for an AXIL product.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“First-quarter revenue does not yet reflect that launch.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“The quarter included the expected slowing of first generation XCOR, the advertising and inventory required to bring XCOR II to market, and a prior-year big-box order that did not repeat.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“Direct-to-consumer revenue in hearing enhancement and protection was down less than 1 percent.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“We expect that launch investment and those orders will be reflected in second quarter revenue and beyond.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“Reported gross margin included a non-recurring customs duty refund.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“Underlying margin was 73.6 percent, in line with our history.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“Those refunds have been collected, and no claims remain outstanding.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“We ended the quarter with $7.9 million of cash and no debt, and by September 30, 2026, we had fulfilled the majority of the XCOR II order backlog.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“On Reviv3, we brought in experienced partners, retained control, and did so without deploying AXIL cash.”
Jeff Toghraie, Chairman and Chief Executive Officer of AXIL Brands
“We are optimistic about fiscal 2027 and focused on building long-term value for shareholders.”
LOS ANGELES, Oct. 06, 2026 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. (“AXIL,” “we,” “us,” “our,” 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, and marketing services for third-party brands today announced financial and operational results for the first fiscal quarter ended August 31, 2026.
First Quarter Financial Highlights (Period-ended August 31, 2026)
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