Axil Brands Stock Price, News & Analysis

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.

AXIL Brands has signed an exclusive distribution agreement with Terrang MP-Sec France for its hearing protection products across multiple European countries. The agreement covers the distribution of AXIL's hearing performance systems, including GS Extreme 2.0®, XCOR®, XCOR Digital®, and Trackr™ series, in France, Belgium, Netherlands, Luxembourg, Denmark, Spain, Portugal, Sweden, Finland, Italy, and Switzerland. The company aims to strengthen its EU distribution network and expand its global presence while developing international revenue channels.

AXIL Brands, Inc. (NYSE American: AXIL) reported record financial results for fiscal year 2024. Key highlights include:

• Consolidated net sales increased 17% to a record $27.5 million
• Gross profit as a percentage of sales was 73.4%
• Net income per common share on a fully diluted basis was $0.21, including $0.08 gain on redemption of preferred shares
• Diluted earnings per share for 2024 reflects weighted average outstanding shares of 16,168,181

The company's growth was primarily driven by increased marketing and sales initiatives in the hearing protection and enhancement segment. AXIL's strategic focus on expanding distribution and retail channels contributed to the solid year-over-year growth.

AXIL Brands, Inc. (NYSE American: AXIL) reported record financial results for fiscal year 2024. Key highlights include:

- Net sales increased 17% to a record $27.5 million, primarily due to increased marketing and sales initiatives in the hearing protection and enhancement segment.

- Gross profit margin decreased slightly to 73.4% from 75.3% in the prior year.

- Net income per common share on a fully diluted basis was $0.21, including $0.08 gain on redemption of preferred shares.

- Operating expenses as a percentage of net revenues increased to 68.0% from 66.9% in the prior year.

The company's focus on expanding distribution and retail channels drove growth, with no single customer accounting for more than 10% of total sales in the hearing protection segment, which represented about 95% of total revenue.

AXIL Brands, Inc. (NYSE American: AXIL) has announced a non-exclusive sales representative agreement with Fuel Medical Group, a leading business advisory company for audiology and ENT practices. Under this agreement, Fuel will sell and promote AXIL's hearing performance product line through its affiliated network.

The partnership will make AXIL products available on various platforms, with affiliates benefiting from Fuel's practice support benefits. This collaboration aims to expand AXIL's presence in the commercial market by leveraging Fuel's national presence and strategic footprint. Fuel's network includes over 3000 affiliated locations, which will now have access to AXIL's product line of hearing protection.

AXIL Brands has secured a five-year exclusive sponsorship agreement with USA Shooting, the governing body for Olympic & Paralympic shooting sports in the US. The partnership will see AXIL providing its advanced hearing protection products to athletes competing in the 2024 Summer Olympic and Paralympic Games in Paris. This collaboration includes co-branding on digital channels and materials at national competitions through 2028. AXIL's technology aims to enhance athlete safety, focus, and precision, creating a strategic alliance that underscores both organizations' commitment to excellence and innovation in sports safety. The partnership also seeks to raise awareness about the importance of hearing protection in shooting sports, potentially setting new standards in athlete health and performance.

AXIL Brands, an emerging global consumer products company, has signed a distribution agreement with Kinsey's Inc. to distribute their hearing protection and enhancement products. The agreement includes products like AXIL GS Extreme 2.0®, XCOR®, XCOR Digital®, and the Trackr™ series hearing solutions. The partnership aims to provide retailers better access to AXIL products through Kinsey's extensive dealer network.