AXIL Brands, Inc. Reports First Quarter Fiscal Year 2026 Financial Results
AXIL Brands (NYSE American: AXIL) reported 1Q26 results for the quarter ended August 31, 2025. Net sales were $6.9M, up 17.2% YoY. Gross margin was 67.6% and operating income was $0.4M (6.0% of sales) versus an operating loss in the prior year. Net income was $0.3M versus a $0.1M loss a year earlier. Adjusted EBITDA was $674k, a 291% increase and 9.8% of sales. Cash was $4.1M at quarter end; inventory and accounts receivable increased to support new wholesale retail shipments. The company highlighted new Costco and Chatters distribution and a product roadmap into the holiday season.
AXIL Brands (NYSE American: AXIL) ha riportato i risultati del 1Q26 per il trimestre chiuso il 31 agosto 2025. Vendite nette ammontano a 6,9 milioni di dollari, in aumento del 17,2% YoY. Margine lordo era del 67,6% e utile operativo è stato di 0,4 milioni di dollari (il 6,0% delle vendite) rispetto a una perdita operativa nell'anno precedente. Utile netto è stato di 0,3 milioni di dollari contro una perdita di 0,1 milioni un anno prima. EBITDA rettificato è stato di 674k, con un incremento del 291% e pari al 9,8% delle vendite. La cassa era di 4,1 milioni di dollari alla chiusura del trimestre; l'inventario e i crediti verso clienti sono aumentati per supportare nuove spedizioni nel canale wholesale al dettaglio. L'azienda ha evidenziato una nuova distribuzione con Costco e Chatters e una roadmap di prodotto per la stagione delle festività.
AXIL Brands (NYSE American: AXIL) reportó resultados del 1T26 para el trimestre terminado el 31 de agosto de 2025. Ventas netas fueron de 6,9 millones de dólares, un aumento de 17,2% interanual. Margen bruto fue del 67,6% y ingreso operativo fue de 0,4 millones de dólares (6,0% de las ventas) frente a una pérdida operativa en el año anterior. Ingreso neto fue de 0,3 millones de dólares frente a una pérdida de 0,1 millones un año antes. EBITDA ajustado fue de 674 mil dólares, un incremento del 291% y el 9,8% de las ventas. Efectivo fue de 4,1 millones al cierre del trimestre; el inventario y las cuentas por cobrar aumentaron para apoyar nuevos envíos mayoristas al detalle. La compañía destacó la nueva distribución con Costco y Chatters y una hoja de ruta de productos para la temporada navideña.
AXIL Brands (NYSE American: AXIL)는 2025년 8월 31일 종료 분기 1Q26 실적을 발표했습니다. 순매출은 690만 달러로 전년동기 대비 YoY 17.2% 증가했습니다. 총이익률은 67.6%였고 영업이익은 0.4백만 달러(매출의 6.0%)로, 전년에는 영업적자를 기록했습니다. 순이익은 0.3백만 달러였고, 작년 같은 기간의 손실은 0.1백만 달러였습니다. 조정 EBITDA은 674천 달러로 291% 증가했고 매출의 9.8%를 차지했습니다. 분기 말 현금은 410만 달러였고, 재고 및 매출채권은 새로운 도매 소매 배송을 지원하기 위해 증가했습니다. 회사는 Costco 및 Chatters와의 유통 확대와 연말 시즌까지의 제품 로드맵을 강조했습니다.
AXIL Brands (NYSE American: AXIL) a publié les résultats du 1Q26 pour le trimestre clos le 31 août 2025. Ventes nettes s'élèvent à 6,9 millions de dollars, en hausse de 17,2% YoY. Marge brute était de 67,6% et résultat opérationnel était de 0,4 million de dollars (6,0% du chiffre d'affaires) contre une perte opérationnelle l'année précédente. Résultat net était de 0,3 million de dollars contre une perte de 0,1 million l'année précédente. EBITDA ajusté était de 674k dollars, soit une hausse de 291% et 9,8% du chiffre d'affaires. La trésorerie était de 4,1 millions de dollars à la fin du trimestre; les stocks et les comptes clients ont augmenté pour soutenir de nouvelles expéditions en gros et détail. L'entreprise a mis en avant une nouvelle distribution avec Costco et Chatters et une feuille de route produit pour la période des fêtes.
AXIL Brands (NYSE American: AXIL) meldete die Ergebnisse von Q1 2026 für das Quartal zum 31. August 2025. Netto-Umsatz betrug 6,9 Mio. USD, ein Anstieg von 17,2% YoY. Bruttomarge betrug 67,6% und operatives Ergebnis betrug 0,4 Mio. USD (6,0% des Umsatzes) gegenüber einem operativen Verlust im Vorjahr. Nettoeinkommen betrug 0,3 Mio. USD gegenüber einem Verlust von 0,1 Mio. USD im Vorjahr. Bereinigtes EBITDA betrug 674k USD, ein Anstieg von 291% und 9,8% des Umsatzes. Zum Quartalsende verfügte das Unternehmen über 4,1 Mio. USD an Barmitteln; Bestand und Forderungen stiegen, um neue Großhandels- bzw. Einzelhandelslieferungen zu unterstützen. Das Unternehmen hob neue Vertriebswege mit Costco und Chatters sowie eine Produkt-Roadmap bis zur Urlaubssaison hervor.
AXIL Brands (NYSE American: AXIL) أفادت عن نتائج الربع الأول للسنة المالية 2026 للربع المنتهي في 31 أغسطس 2025. المبيعات الصافية كانت 6.9 مليون دولار، بارتفاع 17.2% سنوياً. الهامش الإجمالي كان 67.6% و الدخل التشغيلي كان 0.4 مليون دولار (6.0% من المبيعات) مقابل خسارة تشغيلية في العام السابق. صافي الدخل كان 0.3 مليون دولار مقابل خسارة 0.1 مليون قبل عام. EBITDA المعدل كان 674 ألف دولار، بزيادة 291% و9.8% من المبيعات. النقدية كانت 4.1 مليون دولار في نهاية الربع؛ ارتفع المخزون ودفتر admitir المدينة لدعم شحنات التجزئة بالجملة الجديدة. أشارت الشركة إلى توزيع جديد مع Costco و Chatters وخريطة طريق للمنتج حتى موسم العطلات.
AXIL Brands (NYSE American: AXIL) 报告了截至 2025 年 8 月 31 日的 1Q26 季度业绩。净销售额 为 690 万美元,同比增长 17.2% YoY。毛利率 为 67.6%,经营利润 为 0.4 百万美元(占销售额的 6.0%),而去年度为经营亏损。净利润 为 0.3 百万美元,而一年前为 0.1 百万美元的亏损。调整后 EBITDA 为 67.4 万美元,增长 291% 并占销售额的 9.8%。期末现金为 410 万美元;存货和应收账款上升以支持新批发零售发货。公司强调了与 Costco 与 Chatters 的新分销以及进入假日季节的产品路线图。
- Net sales +17.2% YoY to $6.856M
- Adjusted EBITDA $674k, up 291% YoY
- Net income $0.33M vs net loss $(0.11)M prior year
- Operating income $0.41M (6.0% of sales) vs loss prior year
- Net cash used in operations $(0.74)M in 1Q26 vs $0.90M provided prior year
- Cash declined to $4.09M from $4.77M at prior quarter end
- Inventory rose to $3.89M from $2.53M, increasing working capital needs
- Accounts receivable increased to $2.78M from $1.00M, raising collection risk
Insights
AXIL delivered profitable growth in 1Q26, driven by retail expansion, but working capital and cash trends merit monitoring.
AXIL Brands reported
The business driver was a shift toward wholesale/retail distribution (Costco and Chatters) that increased sales but also raised inventory and receivables: inventory rose to
Watch near term: normalization of inventory and collections, cash burn in the next
LOS ANGELES, Oct. 07, 2025 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. (“AXIL” 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, announces its financial results for the first quarter ended August 31, 2025 (“1Q26”).
Financial Highlights for the Quarter Ended August 31, 2025
- Net sales in 1Q26 were
$6.9 million , as compared to$5.9 million in the prior year period, an increase of17.2% - Gross profit as a percentage of sales was
67.6% in 1Q26, compared to71.0% in the prior year period - Operating expenses were
61.6% of net sales in 1Q26, an improvement from73.4% in the prior year period - Operating income improved to
$0.4 million , or6.0% of revenue, in 1Q26, from an operating loss of$0.1 million , or (2.4% ) of revenue, in the prior year period - Net income was
$0.3 million in 1Q26, compared to a net loss of$0.1 million in the prior year period - Adjusted EBITDA in 1Q26 was
$0.7 million , a291.3% increase from$0.2 million in the prior year period - Net cash used in operating activities for 1Q26 was
$0.7 million , compared to net cash provided by operating activities of$0.9 million in the prior year period - Cash on hand as of August 31, 2025 was
$4.1 million , compared to$4.8 million as of May 31, 2025 - Basic and diluted earnings per share for 1Q26 were
$0.05 and$0.04 , respectively, compared to a basic and diluted loss per share of$0.02 in the prior year period
Recent Business Highlights
- Expanded into Costco with the introduction of the XCOR SE earbud (in-store and online at Costco.com) and the X30i filtered earplug bundle pack (Costco.com only)
- Launched the full Reviv3 Procare® product line in Chatters, Canada’s largest salon retailer with more than 115 salons
“Our first quarter results reflected a revenue mix more heavily weighted to the retail channel than any of our previous quarters. Initial shipment of our AXIL® hearing products to a new national membership-based retail chain was a key driver of this mix shift and helped our total revenue grow
“The combination of a slight increase in sales and marketing expenses to support this incremental offline retail business, combined with fiscal discipline in managing other corporate expenses, allowed us to demonstrate significant operating leverage in the quarter. Despite the
“Over the last 18 months, our strategic focus has been to diversify our revenue channel mix and develop a more stable and balanced mix of online sales via our own e-commerce website, offline retail, and international distribution. Historically, our e-commerce channel has accounted for an overwhelming majority of our revenue, but in the first quarter of fiscal 2026, we saw clear signs that our strategy is working, and our financial results reflect this progress. An increased mix of wholesale retail revenue should continue to benefit the Company, as this channel offers greater profitability and operating leverage than our online e-commerce channel. While gross margins alone are slightly higher in the e-commerce channel than in the wholesale channel, our online sales also carry with it greater sales and marketing expenses and customer acquisition costs than the offline retail channel.
“We continue to look for additional retail distribution channels for our advanced hearing enhancement and protection products. An increased retail presence, along with the benefits of our historical and current online marketing efforts, should help raise customer awareness and turn AXIL products into a sought-after hearing protection and enhancement brand on the market.
“Along with a goal of increased retail presence, we will continue to innovate to deliver high-performance, ergonomic, and desirable products. Our product roadmap includes the introduction of numerous new products or next-generation products in the coming two to three quarters, beginning with the next generation GS Extreme 3.0 product that is set to launch in time for the holiday season.
“Turning to the balance sheet, inventory increased appreciably, though that was expected given the increased product supply needed to service our wholesale segment and an initial purchase order from a new customer. We expect that to normalize over time. Cash at the end of the first quarter of fiscal 2026 was
“Lastly, I’d like to provide some insights on our hair and skin care segment that sells our flagship Reviv3® line of hair care products. While much of our resources over the last few years have been focused on growing the hearing protection segment, we see a pathway for the hair and skin care segment to become more than just a dormant or hidden asset for the Company. We have already made strategic leadership additions to that business segment and expect to further bolster the team with additional experienced leaders with proven success in the beauty industry. Our new relationship with Chatters, Canada’s premier salon chain, was established shortly after bringing on a new leader, indicating that leadership can make a meaningful impact. We are optimistic that making leadership additions to this segment will be accretive to the Company and deliver sustainable shareholder value, especially in the professional beauty channel.
“We remain focused and disciplined in our execution as we strive for meaningful long-term growth across both of our product segments. We have built a strong foundation that supports sustainable growth and operational efficiencies and are encouraged by our first quarter results and the business trends seen thus far in fiscal 2026,” concluded Mr. Toghraie.
Use of Non-GAAP Financial Measures
The Company calculates EBITDA by taking net income calculated in accordance with accounting principles generally accepted in the United States (“GAAP”), and adjusting for income taxes, interest income or expense, and depreciation and amortization. The Company calculates adjusted EBITDA as EBITDA, further adjusted for stock-based compensation. Adjusted EBITDA is also presented as a percentage of revenue, which is calculated by dividing the non-GAAP Adjusted EBITDA for a period by revenue for the same period. Other companies may calculate EBITDA and adjusted EBITDA differently, limiting the usefulness of these measures for comparative purposes. The Company believes that these non-GAAP measures of financial results provide useful information regarding certain financial and business trends relating to the Company’s financial condition and results of operations, and management considers EBITDA and adjusted EBITDA important indicators in evaluating the Company’s business on a consistent basis across various periods for trend analyses. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in the Company’s financial statements and are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors should not rely on any single financial measure to evaluate our business. A reconciliation of EBITDA and Adjusted EBITDA to the most comparable financial measure, net income (loss), calculated in accordance with GAAP is included in a schedule to this press release.
AXIL BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED EBITDA and ADJUSTED EBITDA FOR THE THREE MONTHS ENDED AUGUST 31, 2025 AND AUGUST 31, 2024 | ||||||||
2025 | 2024 | |||||||
Net income (loss) (GAAP) | $ | 334,294 | $ | (109,805 | ) | |||
Provision for income taxes | 115,058 | - | ||||||
Interest income, net | (36,296 | ) | (28,631 | ) | ||||
Depreciation and amortization | 62,087 | 12,895 | ||||||
Total EBITDA (Non-GAAP) | 475,143 | (125,541 | ) | |||||
Adjustments: | ||||||||
Stock-based compensation | 199,212 | 297,864 | ||||||
Total Adjusted EBITDA (Non-GAAP) | $ | 674,355 | $ | 172,323 | ||||
Sales, net (GAAP) | $ | 6,856,218 | $ | 5,851,272 | ||||
Adjusted EBITDA as a percentage of Sales, net (Non-GAAP) | 9.8 | % | 2.9 | % |
AXIL BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS | ||||||||
August 31, 2025 | May 31, 2025 | |||||||
(Unaudited) | ||||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash | $ | 4,086,624 | $ | 4,769,854 | ||||
Accounts receivable, net | 2,778,751 | 1,003,945 | ||||||
Inventory, net | 3,889,462 | 2,533,658 | ||||||
Due from related party | - | 222 | ||||||
Prepaid expenses and other current assets | 935,679 | 947,969 | ||||||
Total Current Assets | 11,690,516 | 9,255,648 | ||||||
OTHER ASSETS: | ||||||||
Property and equipment, net | 395,857 | 412,261 | ||||||
Intangible assets, net | 452,405 | 403,591 | ||||||
Right of use asset | 521,993 | 579,121 | ||||||
Deferred tax asset | 122,182 | 46,239 | ||||||
Other assets | 20,720 | 20,720 | ||||||
Goodwill | 2,152,215 | 2,152,215 | ||||||
Total Other Assets | 3,665,372 | 3,614,147 | ||||||
TOTAL ASSETS | $ | 15,355,888 | $ | 12,869,795 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
CURRENT LIABILITIES: | ||||||||
Accounts payable | $ | 2,391,752 | $ | 866,573 | ||||
Customer deposits | 209,942 | 67,412 | ||||||
Contract liabilities- current | 755,736 | 757,355 | ||||||
Notes payable - current | 3,459 | 3,574 | ||||||
Due to related party | 151,269 | - | ||||||
Lease liability, current | 207,929 | 212,543 | ||||||
Income tax liability | 501,370 | 310,369 | ||||||
Other current liabilities | 294,394 | 244,998 | ||||||
Total Current Liabilities | 4,515,851 | 2,462,824 | ||||||
LONG TERM LIABILITIES: | ||||||||
Lease liability, long term | 352,475 | 404,669 | ||||||
Note payable, long term | 135,740 | 136,655 | ||||||
Contract liabilities- long term | 158,608 | 205,939 | ||||||
Total Long Term Liabilities | 646,823 | 747,263 | ||||||
Total Liabilities | 5,162,674 | 3,210,087 | ||||||
Commitments and contingencies | - | - | ||||||
STOCKHOLDERS' EQUITY: | ||||||||
Preferred stock, | 2,777 | 2,777 | ||||||
Common stock, | 666 | 666 | ||||||
Additional paid-in capital | 9,134,759 | 8,935,547 | ||||||
Retained Earnings | 1,055,012 | 720,718 | ||||||
Total Stockholders' Equity | 10,193,214 | 9,659,708 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 15,355,888 | $ | 12,869,795 |
AXIL BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED AUGUST 31, 2025 AND AUGUST 31, 2024 (UNAUDITED) | ||||||||
2025 | 2024 | |||||||
Sales, net | $ | 6,856,218 | $ | 5,851,272 | ||||
Cost of sales | 2,221,284 | 1,697,624 | ||||||
Gross profit | $ | 4,634,934 | $ | 4,153,648 | ||||
OPERATING EXPENSES: | ||||||||
Sales and marketing | $ | 2,785,869 | $ | 2,669,471 | ||||
Compensation and related taxes | 204,528 | 190,648 | ||||||
Professional and consulting | 799,514 | 947,849 | ||||||
General and administrative | 433,285 | 486,382 | ||||||
Total Operating Expenses | $ | 4,223,196 | $ | 4,294,350 | ||||
INCOME (LOSS) FROM OPERATIONS | $ | 411,738 | $ | (140,702 | ) | |||
OTHER INCOME (EXPENSE): | ||||||||
Other income | 1,318 | 2,266 | ||||||
Interest income | 37,579 | 28,631 | ||||||
Interest expense and other finance charges | (1,283 | ) | - | |||||
Other income (expense), net | $ | 37,614 | $ | 30,897 | ||||
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES | $ | 449,352 | $ | (109,805 | ) | |||
Provision for income taxes | 115,058 | - | ||||||
NET INCOME (LOSS) | $ | 334,294 | $ | (109,805 | ) | |||
NET INCOME (LOSS) PER COMMON SHARE: | ||||||||
Basic | $ | 0.05 | $ | (0.02 | ) | |||
Diluted | $ | 0.04 | $ | (0.02 | ) | |||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ||||||||
Basic | 6,638,785 | 6,172,379 | ||||||
Diluted | 8,243,025 | 6,172,379 |
AXIL BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED AUGUST 31, 2025 AND AUGUST 31, 2024 (UNAUDITED) | ||||||||
2025 | 2024 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net income (loss) | $ | 334,294 | $ | (109,805 | ) | |||
Adjustments to reconcile net income (loss) to net cash (used in)/provided by operating activities: | ||||||||
Depreciation and amortization | 62,087 | 12,895 | ||||||
(Recovery)/provision for credit losses | (158 | ) | 18,785 | |||||
Stock-based compensation | 199,212 | 297,864 | ||||||
Deferred income taxes | (75,943 | ) | - | |||||
Change in operating assets and liabilities: | ||||||||
Accounts receivable | (1,774,648 | ) | (108,100 | ) | ||||
Inventory | (1,355,804 | ) | 120,603 | |||||
Prepaid expenses and other current assets | 12,290 | 486,958 | ||||||
Accounts payable | 1,525,180 | 405,511 | ||||||
Other current liabilities | 383,246 | (178,731 | ) | |||||
Contract liabilities | (48,950 | ) | (48,662 | ) | ||||
NET CASH (USED IN)/PROVIDED BY OPERATING ACTIVITIES | (739,194 | ) | 897,318 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchase of intangibles | (86,130 | ) | (41,840 | ) | ||||
Purchase of property and equipment | (8,367 | ) | - | |||||
NET CASH USED IN INVESTING ACTIVITIES | (94,497 | ) | (41,840 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Repayment of note payable | (1,030 | ) | (2,337 | ) | ||||
Repayments to a related party | (1,056,202 | ) | (1,644,038 | ) | ||||
Advances from a related party | 1,207,693 | 1,685,745 | ||||||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 150,461 | 39,370 | ||||||
NET (DECREASE)/INCREASE IN CASH | (683,230 | ) | 894,848 | |||||
CASH - Beginning of period | 4,769,854 | 3,253,876 | ||||||
CASH - End of period | $ | 4,086,624 | $ | 4,148,724 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||
Cash paid during the period for: | ||||||||
Interest | $ | 1,134 | $ | - | ||||
Income taxes | $ | - | $ | - |
About AXIL Brands
AXIL Brands (NYSE American: AXIL) is an emerging global consumer products company. The Company is a manufacturer and marketer of premium hearing enhancement and protection products, including ear plugs, earmuffs, and ear buds, under the AXIL® brand and premium hair and skincare products under its in-house Reviv3® brand - selling products in the United States, Canada, the European Union, and throughout Asia.
To learn more, please visit the Company's AXIL® website at www.axilbrands.com and its Reviv3® website at www.reviv3.com
Forward-Looking Statements
This press release contains a number of forward-looking statements within the meaning of the federal securities laws. The use of words such as “anticipate,” “believe,” “expect,” “continue,” “will,” “may,” “prepare,” “should,” and “focus,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available information, and management’s beliefs, projections, and current expectations, and are subject to a number of significant risks and uncertainties, many of which are beyond management’s control and may cause the Company’s results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things: (i) the Company’s ability to grow its net sales and operations, including developing new and improved products, diversifying and expanding its distribution and retail channels, and expanding internationally, and perform in accordance with any guidance; (ii) the Company’s ability to generate sufficient revenue to support the Company’s operations and to raise additional funds or obtain other forms of financing as needed on acceptable terms, or at all; (iii) potential difficulties or delays the Company may experience in implementing its cost savings and efficiency initiatives; (iv) the Company’s ability to compete effectively with other hair and skincare companies and hearing enhancement and protection companies; (v) the concentration of the Company’s customers, potentially increasing the negative impact to the Company by changing purchasing or selling patterns; (vi) changes in laws or regulations in the United States and/or in other major markets, such as China, in which the Company operates, including, without limitation, with respect to taxes, tariffs, trade policies or product safety, which may increase the Company’s product costs and other costs of doing business, and reduce the Company’s earnings; (vii) the Company’s ability to engage in acquisitions, investments, partnerships, strategic alliances or dispositions when desired; (viii) the Company’s ability to successfully accelerate its supply chain transition strategy and achieve the intended benefits; and (ix) the impact of unstable market and general economic conditions on the Company’s business, financial condition and stock price, including inflationary cost pressures, the possibility of an economic recession and other macroeconomic factors, geopolitical events, and uncertainty, increased tariffs and other trade restrictions and barriers, unemployment rates, decreased discretionary consumer spending, supply chain disruptions and constraints, labor shortages, ongoing economic disruption, including the effects of the U.S. federal government shutdown, the Ukraine-Russia conflict and conflict in the Middle East, and other downturns in the business cycle or the economy. There can be no assurance as to any of these matters, and potential investors are urged to consider these factors carefully in evaluating the forward-looking statements. Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. Except as required by law, the Company does not assume any obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.
Investor Relations:
