Axil Brands, Inc. reported its financial results for the third quarter and nine months ended February 28, 2026, revealing a net income of $203,046 for the quarter, a decrease from $576,662 in the same period last year. For the nine-month period, the company achieved a net income of $1,242,223, compared to $1,100,563 in the prior year. Revenue for the third quarter was $7,294,030, reflecting a 5.4% increase from $6,922,367 in the same quarter of 2025. Year-to-date revenue also rose to $22,285,107, up from $20,506,213, marking an 8.6% increase.
The company experienced a notable rise in operating expenses, which totaled $4,827,582 for the third quarter, compared to $4,383,319 in the same period last year. This increase was driven primarily by higher sales and marketing costs, which rose to $3,371,228 from $2,994,052. Additionally, compensation and related taxes increased significantly, reflecting the company's investment in its workforce. Despite the rise in expenses, gross profit for the quarter remained relatively stable at $5,041,821, compared to $4,966,428 in the previous year.
In terms of strategic developments, Axil Brands formed a new subsidiary, Reviv3 ProCare Company, in February 2026, aimed at supporting the potential separation and strategic development of its hair and skin care business. This move follows the company's name change from Reviv3 Procare Company to Axil Brands, Inc. in February 2024, and its subsequent uplisting to the NYSE American stock exchange. The company continues to focus on expanding its product offerings in high-tech hearing and audio enhancement products, as well as professional quality hair and skin care products.
Operationally, Axil Brands reported an increase in total current assets, which rose to $11,755,457 as of February 28, 2026, compared to $9,255,648 at the end of the previous fiscal year. The company’s cash and cash equivalents also increased to $5,518,989 from $4,769,854. However, accounts payable rose significantly to $1,231,200 from $866,573, indicating a potential increase in operational activity or supply chain challenges. The company’s employee headcount has also seen changes, reflecting its ongoing adjustments to meet market demands.
Looking ahead, Axil Brands expressed cautious optimism regarding its future performance, acknowledging the potential impact of market conditions and strategic decisions on its operations. The company is focused on leveraging its marketing services business and exploring strategic alternatives for its hair and skin care segment. Management emphasized the importance of adapting to economic conditions and consumer trends as it navigates the evolving landscape of the beauty and audio enhancement industries.
About Axil Brands, Inc.
AXIL Brands, Inc. designs, manufactures, and markets innovative hearing enhancement, protection, and personal care products. Operating through segments focused on audio devices and skin and hair care, it serves consumers, military, and professional markets globally. The company emphasizes technological innovation, strategic partnerships, and e-commerce, aiming to expand market share and distribution channels while leveraging proprietary IP and maintaining a competitive edge in high-growth consumer and safety markets.
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