Axil Brands Stock Price, News & Analysis

AXIL Brands (NYSE: AXIL) reported its Q3 FY2025 financial results, showing revenue growth to $6.9 million from $6.5 million year-over-year. The company maintained a strong gross profit margin of 71.7% while reducing operating expenses to 63.3% of sales from 73.1% in the prior year.

Q3 net income was $0.6 million with basic EPS of $0.09, compared to $0.8 million and $0.13 EPS in Q3 FY2024. Notably, Adjusted EBITDA improved significantly to $0.9 million from a loss of $11,000 in the prior year period. Cash position strengthened to $4.7 million from $3.3 million at fiscal year-end.

The company expanded into new geographic markets and enhanced retail distribution while benefiting from Cyber Monday's timing. AXIL is also implementing strategic changes to address U.S. trade policy risks by relocating operational leadership and planning domestic manufacturing capabilities.

AXIL Brands (NYSE American: AXIL) has announced an 18-month strategic initiative focusing on offline retail expansion and global market penetration. The company, known for its innovative hearing protection and enhancement technology, aims to achieve a balanced revenue distribution of 30% each from retail, online sales, and international markets by the end of 2026.

The company's marketing campaign will highlight the global hearing loss issue affecting 1.5 billion people while promoting AXIL's solutions for both recreational and occupational users. In the U.S., AXIL is expanding partnerships with major retailers and distributors. Internationally, the company has secured distribution agreements in the European Union and is in early-stage negotiations in Asia-Pacific markets.

Additionally, AXIL is exploring options for its legacy hair care and skin care subsidiary to maintain focus on its core hearing protection business.

AXIL Brands has secured a multi-year licensing agreement with Feld Entertainment to produce and sell Monster Jam-branded hearing protection products. The agreement covers adult and youth product lines including earbuds, earmuffs, hearing devices, and ear plugs for U.S. distribution channels. The products will feature AXIL's signature sound quality and hearing protection technology.

The new product lines are expected to launch in spring 2025 across various retail outlets and online platforms. Monster Jam, known for its motorsport events with 350 global live shows annually, will extend its brand presence through this partnership, offering fans branded hearing protection equipment that combines safety with fan merchandise.

AXIL Brands (NYSE American: AXIL) has announced its participation at the NASCAR Daytona 500 event, scheduled for February 13-16, 2025, where it will debut its new MX Series hearing protection lineup. The company will also showcase its latest innovations, including the new 'X Series' Earplugs, at the Daytona International Speedway.

The presence at this prestigious event aims to provide fans, pit crews, and industry professionals access to cutting-edge hearing protection and enhancement technology with customizable features. CEO Jeff Toghraie emphasized that 2025 is expected to be a pivotal year for brand growth, highlighting how NASCAR's focus on fan experience aligns with AXIL's mission to enhance race experiences through innovative hearing solutions.

The event represents an opportunity for direct consumer engagement and potential development of retail, B2B, and strategic partnerships.

AXIL Brands (NYSE: AXIL) has announced the launch of its new MX Series Earmuff line, featuring three models: MX Passive, MX Electronic, and MX PRO. The series represents the next evolution in advanced earmuffs, combining hearing protection with enhanced functionality.

The MX Series introduces innovative features including interchangeable outer cup plates for customization, superior comfort with multiple pad selections, and premium construction for demanding environments. The MX PRO model offers electronic hearing amplification, Bluetooth wireless audio, automatic noise protection, and a 3.5mm audio jack.

The products will be available on AXIL's website starting February 15, 2025, and at select global retailers from March 15, 2025. The line features eco-friendly packaging and aims to streamline inventory management for retailers through its interchangeable plate system.

AXIL Brands announced its financial results for 2Q25, ending November 30, 2024. Revenue was $7.7 million, down from $8.4 million in 2Q24. Gross profit margin decreased to 71.1% from 74.3%. Operating expenses rose to 62.4% of sales, compared to 59.3% in the prior year. Net income was $0.6 million, down from $1.0 million. Adjusted EBITDA was $1.0 million, down from $1.4 million. Net cash from operations for the six months ended November 30, 2024, was $1.9 million, up from $1.3 million. Cash as of November 30, 2024, was $5.2 million, up from $3.3 million as of May 31, 2024.

AXIL is diversifying its distribution strategy beyond online presence, establishing relationships with international distributors, and expanding into over 1,000 retail locations including Bass Pro Shops, Scheel’s, and Walmart. The company plans to launch new and enhanced hearing products and expects to release the successor series to its TRACKR earmuffs in 1H25. AXIL aims for sustainable growth, prioritizing efficient profitability and leveraging its solid cash position to finance strategic growth plans internally.

AXIL Brands (NYSE American: AXIL) has extended its product licensing agreement with NASCAR through 2027. The agreement allows AXIL to produce and sell NASCAR-branded hearing protection products, including earbuds, earmuffs, hearing devices, ear plugs, and outdoor speakers. Distribution channels include NASCAR venues across the U.S., Puerto Rico, and Canada, as well as U.S. military bases worldwide. The partnership aims to expand AXIL's market reach and introduce its products to a broader demographic while leveraging NASCAR's strong brand recognition in recreation and motorsports.

AXIL Brands (NYSE: AXIL) has launched its new 'X Series' Earplugs, featuring two models: X20 Passive Earplugs and X30i Dynamic Sound-Filtered Earplugs. The products are designed for multiple use cases including motorsports, concerts, stadium events, and hunting. The X20 offers superior comfort with hypoallergenic silicone, fits 95% of ear sizes, and comes in eight colors. The X30i features advanced acoustic filters with an easy toggle switch between 'Open' and 'Closed' modes, available in four two-toned colors. The products will be available from November 21, 2024, through AXIL's website and select retailers globally.