AXIL Brands reports higher y/y revenues in Q3 but earnings fall as rising costs and marketing investments pressure margins amid ongoing retail expansion efforts.
AXIL Brands shares rally 29.7% as Q2 gains in retail sales, cost cuts and product launches lift profitability.
AXIL's shares surge after Q2 results showed higher revenue, improved operating income, and expanding retail momentum despite margin pressure.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AAL Avraham A. Levitan Glass Jacobson Investment Advisors LLC | 2,501 | $9,654 | $15,456.18 | $5,802.18 | 60.1% |
| DWM Diversify Wealth Management LLC DIVERSIFY WEALTH MANAGEMENT, LLC | 186,456 | $967,807.26 | $1.15M | $178,897.14 | 18.48% |
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | Jeff Sasan Toghraie CEO | AMEX Exchange | 76151R206 CUSIP |
| US Country | 10 Employees | - Last Dividend | 16 Jan 2024 Last Split | - IPO Date |
AXIL Brands, Inc., formerly known as Reviv3 Procare Company, represents a multifaceted entity involved in the creation, marketing, distribution, and sale of diverse products primarily within the domains of hair and skin care, alongside hearing protection and enhancement. Established in 2015 and headquartered in Alhambra, California, the company caters to a broad market encompassing the United States, Canada, Europe, and Asia. It has successfully carved a niche for itself by providing high-quality products that span from hair treatment systems to advanced hearing protection gear. AXIL Brands operates through various channels, targeting the business-to-business salon sector via a network of both domestic and international distributors, engaging in direct-to-consumer sales through its e-commerce site and several third-party online platforms, as well as through retail chains. The company's strategic rebranding in February 2024 from Reviv3 Procare Company to AXIL Brands, Inc. signifies its expansion and diversification within the beauty and personal protection industries.