AXIL Brands, Inc. Q3 EPS $0.04 Vs $0.01 YoY; Revenue Increased 14.4% YoY To ~$6.47M
Portfolio Pulse from Benzinga Newsdesk
AXIL Brands, Inc. (NYSE:AXIL) reported a Q3 EPS of $0.04, up from $0.01 YoY, with revenue increasing 14.4% to approximately $6.47M. Gross profit margin decreased to 71.5% from 74.6%, and operating expenses rose to 73.1% of net revenue. The company also reported a net income of $781,091. Key updates include a rebranding to AXIL Brands, Inc., uplisting to the NYSE American Stock Exchange, and a significant repurchase of Series A preferred shares, reducing outstanding shares by approximately 55% on a fully diluted basis.
April 10, 2024 | 12:34 pm
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AXIL Brands, Inc. reported a positive Q3 with increased EPS and revenue, alongside strategic moves like share repurchase and NYSE uplisting.
The positive earnings report, combined with strategic corporate actions such as the significant share repurchase and uplisting to the NYSE American Stock Exchange, indicate a strong growth trajectory and operational optimization. These factors are likely to positively influence investor sentiment and the stock price in the short term.
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