Welcome to our dedicated page for Axil Brands SEC filings (Ticker: AXIL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
AXIL Brands, Inc. filings document financial-results releases, governance actions and stockholder voting matters for a consumer products company built around AXIL hearing protection products and Reviv3 hair and skin care products. Form 8-K reports furnish quarterly and fiscal-year operating results and related exhibits under Item 2.02.
Proxy and annual-meeting filings describe director elections, board committee assignments, auditor ratification and other governance matters submitted to stockholders. Material-event filings also record board vacancies and appointments, committee roles and formal voting outcomes.
AXIL Brands, Inc. filed a Form 8-K to report that it issued a press release announcing its consolidated financial results for the fiscal year ended May 31, 2025. The press release is provided as Exhibit 99.1 and is incorporated by reference in this report.
The company notes that the earnings press release and this Form 8-K Item 2.02 are being furnished, not filed, which means they are not subject to certain liability provisions of the Exchange Act and are not automatically incorporated into other Securities Act or Exchange Act filings unless specifically referenced.
AXIL Brands, Inc. reported consolidated net sales of $26.26 million for the year ended May 31, 2025, down from $27.50 million the prior year. Cost of sales was $7.62 million, producing gross profit of $18.64 million versus $20.18 million a year earlier. Operating expenses totaled $17.48 million, yielding income from operations of $1.16 million. Net income after tax was $854,988 compared with $2.00 million in the prior year.
The company completed a 1-for-20 reverse stock split and amended authorized share counts for common and preferred stock. During fiscal 2024 the company repurchased Series A Preferred Stock for $1,246,490 and converted 14,478,250 preferred shares into 723,913 common shares. Management granted stock option awards, including 350,000 options to the CEO and 250,000 to the CFO at an exercise price of $4.01. Cash balances held in accounts exceeded FDIC limits at $4.02 million at May 31, 2025.
The filing describes a formal cybersecurity program with an Incident Response Plan, periodic testing, third-party assessments, and employee training. Related-party activity included advances from Intrepid totaling $6.95 million and repayments of $6.96 million during the year. The consolidated financial statements and notes are included in iXBRL format.