AXIL Brands, Inc. Reports Third Quarter Fiscal Year 2026 Financial Results

AXIL Brands, Inc. announced its financial results for the third fiscal quarter ended February 28, 2026. Net sales increased by 5.4% to $7.3 million, compared to $6.9 million in the prior year period. Gross profit remained largely unchanged at approximately $5.0 million, with a gross margin of 69.1% in Q3 2026, down from 71.7% in the prior year. Operating expenses increased to $4.8 million, representing 66.2% of net sales, compared to $4.4 million (63.3% of sales) in the prior year. Net income for Q3 2026 was $0.2 million, or $0.02 per diluted share, a decrease from $0.6 million, or $0.07 per diluted share, in the prior year period. Adjusted EBITDA decreased to $0.5 million from $0.9 million in the prior year. The company reported net cash provided by operating activities of $0.8 million for the nine months ended February 28, 2026, down from $1.7 million in the prior year period. Cash on hand as of February 28, 2026, was $5.5 million. The company also announced new distribution agreements with Home Depot and Sportsman’s Warehouse, and a significant rollout with Walmart. For the fourth quarter of fiscal 2026, revenue is projected to be between $8 million and $10 million, with gross margins of 67% to 71%. For the full fiscal year 2026, revenue is expected to be in the range of $30.2 million to $32.2 million.