AXIL Brands reports Q1 EPS 4c vs. 2c last year

Reports Q1 revenue $6.9M vs. $5.9M last year. “Our Q1 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 17% year-over-year,” commented CEO Jeff Toghraie. “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 $1M in revenue growth – or 17% total revenue growth and 25% revenue growth from AXIL-branded hearing products only – in Q1 of FY26, operating expenses were flat year-over-year and declined as a percentage of sales to 62% in the quarter from 73% in the prior year period. The result was an increase of $0.4M in net income from a net loss of $0.1M in Q1 of FY25 to net income of $0.3M in Q1 of FY26 and an increase of $600K in EBITDA on a year-over-year basis and a swing to positive EBITDA for the quarter…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 Q1 results and the business trends seen thus far in FY26”.