展覽品99.1
AXIL品牌公司報告2025財年第一季度財務業績
洛杉磯，2024年10月10日（環球新聞社）- AXIL品牌有限公司（「AXIL」，「我們」，「我們」，「我們」或「公司」）（紐交所美國：AXIL），一個新興的全球消費品公司，專注於AXIL®聽力保護和增強產品以及Reviv3®頭髮和皮膚護理產品，今天宣佈截至2024年8月31日的第一季度財務和運營結果。
2024年8月31日結束的本季要點
| · | 與上一年同期相比，淨銷售額（營業收入）爲585萬美元，低於610萬美元。 |
| · | 毛利潤佔銷售額的百分比在2025財年第一季度爲71%，而上一年同期爲76.1%。 |
| · | 營業費用佔銷售額的比例在2025財年第一季度爲73.4％，而去年同期爲73.3％。 |
| · | 經營活動產生的淨現金流量爲897,318美元，相比之下，上一年同期爲397,172美元。 |
| · | 與上一年同期相比，現金淨增加額爲894,848美元，而上年同期爲229,041美元。 |
| · | 加權平均稀釋股份爲6,172,379，而上一年同期爲18,622,597。 |
| · | 基於上述情況，我們報告在2025財年第一季度出現淨虧損109,805美元，折舊和攤銷以及股票補償達310,759美元，相比之下，與上一財年同期淨利潤154,452美元相比。 |
AXIL的財政年度第一季度開局良好，主席兼首席執行官Jeff Toghraie表示。" 我們通過拓展新渠道和多元化業務組合取得了重大進展。我們持續投資創新，並致力於爲國內和國際市場開發引人入勝的新產品。我們對未來的機遇感到興奮，並堅定承諾保持運營卓越，併爲股東創造價值。"
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運營業績
AXIL BRANDS，INC.和子公司
基本報表
| 2024年8月31日 | 2024年5月31日 | |||||||
| (未經審計) | ||||||||
| 資產 | ||||||||
| 流動資產： | ||||||||
| 現金 | $ | 4,148,724 | $ | 3,253,876 | ||||
| 2,687,823 | 599,150 | 509,835 | ||||||
| 114,467 | 3,273,419 | 3,394,023 | ||||||
| 資產預付款和其他流動資產的變動 | 322,168 | 809,126 | ||||||
| 流動資產合計 | 8,343,461 | 7,966,860 | ||||||
| 其他資產: | ||||||||
| 資產和設備，淨值 | 251,055 | 260,948 | ||||||
| 無形資產, 淨額 | 347,942 | 309,104 | ||||||
| 使用權資產 | 18,284 | 36,752 | ||||||
| 遞延稅款資產 | 231,587 | 231,587 | ||||||
| 其他 | 12,195 | 16,895 | ||||||
| 商譽 | 2,152,215 | 2,152,215 | ||||||
| 其他資產總額 | 3,013,278 | 3,007,501 | ||||||
| 資產總計 | $ | 11,356,739 | $ | 10,974,361 | ||||
| 負債和股東權益 | ||||||||
| 流動負債： | ||||||||
| 應付賬款 | $ | 1,373,106 | $ | 967,596 | ||||
| 客戶存款 | 74,053 | 154,762 | ||||||
| 合同負債-流動負債 | 938,498 | 905,311 | ||||||
| 應付票據 | 144,257 | 146,594 | ||||||
| 應相關方付款 | 53,505 | 11,798 | ||||||
| 租賃負債，流動 | 18,650 | 36,752 | ||||||
| 所得稅負債 | 242,296 | 242,296 | ||||||
| 其他流動負債 | 229,848 | 332,936 | ||||||
| 總流動負債 | 3,074,213 | 2,798,045 | ||||||
| 長期負債： | ||||||||
| 合同負債-非流動負債 | 398,681 | 480,530 | ||||||
| 總長期負債 | 398,681 | 480,530 | ||||||
| 總負債 | 3,472,894 | 3,278,575 | ||||||
| 承諾和 contingencies（參見注釋10） | — | — | ||||||
| 股東權益： | ||||||||
| 優先股，面值$0.0001；授權發行300,000,000股；截至2024年8月31日和2024年5月31日，發行及流通股份分別爲31,133,500股和42,251,750股 | 3,113 | 4,225 | ||||||
| 普通股，面值$0.0001；授權發行450,000,000股；截至2024年8月31日和2024年5月31日，發行、待發行和流通股份分別爲6,464,852股和5,908,939股 | 647 | 591 | ||||||
| 額外實收資本 | 8,124,160 | 7,825,240 | ||||||
| 累積赤字 | (244,075 | ) | (134,270 | ) | ||||
| 股東權益總計 | 7,883,845 | 7,695,786 | ||||||
| 負債合計及股東權益總計 | $ | 11,356,739 | $ | 10,974,361 | ||||
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AXIL BRANDS，INC.和子公司
綜合損益表
截至2024年8月31日和2023年的三個月
（未經審計）
| 2024 | 2023 | |||||||
| 銷售額，淨額 | $ | 5,851,272 | $ | 6,106,269 | ||||
| 銷售成本 | 1,697,624 | 1,458,703 | ||||||
| 毛利潤 | 4,153,648 | 4,647,566 | ||||||
| 運營費用： | ||||||||
| 銷售和營銷 | 2,669,471 | 3,206,841 | ||||||
| 補償和相關稅收 | 190,648 | 279,989 | ||||||
| 專業和諮詢 | 947,849 | 426,775 | ||||||
| 一般和行政 | 486,382 | 560,204 | ||||||
| 總運營費用 | 4,294,350 | 4,473,809 | ||||||
| 運營收入（虧損） | (140,702 | ) | 173,757 | |||||
| 其他收入（支出）： | ||||||||
| 其他收入 | 2,266 | 9,835 | ||||||
| 利息收入 | 28,631 | 38,493 | ||||||
| 利息支出和其他財務費用 | — | (1,644 | ) | |||||
| 其他收入（支出），淨額 | 30,897 | 46,684 | ||||||
| 所得稅準備金前的收入（虧損） | (109,805 | ) | 220,441 | |||||
| 所得稅準備金（福利） | — | 65,989 | ||||||
| 淨收益（虧損） | $ | (109,805 | ) | $ | 154,452 | |||
| 普通股每股淨收益（虧損）： | ||||||||
| 基本 | $ | (0.02 | ) | $ | 0.03 | |||
| 稀釋 | $ | (0.02 | ) | $ | 0.01 | |||
| 加權平均已發行普通股： | ||||||||
| 基本 | 6,172,379 | 5,853,847 | ||||||
| 稀釋 | 6,172,379 | 18,622,597 | ||||||
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AXIL BRANDS，INC.和子公司
股東權益變動表
FOR THE THREE MONTHS ENDED AUGUST 31, 2024 AND 2023
(UNAUDITED)
For the three months ended August 31, 2024
| Common Stock | Total | |||||||||||||||||||||||||||
| Preferred Stock | Issued/Issuable | Additional Paid-in | Accumulated | Stockholders' | ||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Equity | ||||||||||||||||||||||
| Balance, May 31, 2024 | 42,251,750 | $ | 4,225 | 5,908,939 | $ | 591 | $ | 7,825,240 | $ | (134,270 | ) | $ | 7,695,786 | |||||||||||||||
| Stock options expense | - | - | - | - | 72,632 | - | 72,632 | |||||||||||||||||||||
| Stock based compensation | - | - | - | - | 225,232 | - | 225,232 | |||||||||||||||||||||
| Preferred Stock converted to Common Stock | (11,118,250 | ) | (1,112 | ) | 555,913 | 56 | 1,056 | - | - | |||||||||||||||||||
| Net loss for the three months ended August 31, 2024 | - | - | - | - | - | (109,805 | ) | (109,805 | ) | |||||||||||||||||||
| Balance, August 31, 2024 | 31,133,500 | $ | 3,113 | 6,464,852 | $ | 647 | $ | 8,124,160 | $ | (244,075 | ) | $ | 7,883,845 | |||||||||||||||
For the three months ended August 31, 2023
| Common Stock | Total | |||||||||||||||||||||||||||
| Preferred Stock | Issued And Issuable | Additional Paid-in | Accumulated | Stockholders' | ||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Equity | ||||||||||||||||||||||
| Balance, May 31, 2023 | 250,000,000 | $ | 25,000 | 5,863,939 | $ | 586 | $ | 10,113,365 | $ | (3,466,992 | ) | $ | 6,671,959 | |||||||||||||||
| Stock options expense | - | - | - | - | 51,107 | - | 51,107 | |||||||||||||||||||||
| Net income for the three months ended August 31, 2023 | - | - | - | - | - | 154,452 | 154,452 | |||||||||||||||||||||
| Balance, August 31, 2023 | 250,000,000 | $ | 25,000 | 5,863,939 | $ | 586 | $ | 10,164,472 | $ | (3,312,540 | ) | $ | 6,877,518 | |||||||||||||||
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AXIL BRANDS, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED AUGUST 31, 2024 AND 2023
(UNAUDITED)
| August 31, | ||||||||
| 2024 | 2023 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net income (loss) | $ | (109,805 | ) | $ | 154,452 | |||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 12,895 | 28,237 | ||||||
| Bad debts | 18,785 | 52,866 | ||||||
| Stock-based compensation | 297,864 | 51,107 | ||||||
| Change in operating assets and liabilities: | ||||||||
| Accounts receivable | (108,100 | ) | (91,736 | ) | ||||
| Inventory | 120,603 | (758,104 | ) | |||||
| Prepaid expenses and other current assets | 486,958 | 315,751 | ||||||
| Accounts payable and accrued expenses | 405,511 | 168,399 | ||||||
| Other current liabilities | (178,731 | ) | 438,006 | |||||
| Contract liabilities | (48,662 | ) | 38,194 | |||||
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 897,318 | 397,172 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Purchase of intangibles | (41,840 | ) | — | |||||
| Purchase of property and equipment | — | (50,960 | ) | |||||
| NET CASH USED IN INVESTING ACTIVITIES | (41,840 | ) | (50,960 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Repayment of equipment financing | — | (825 | ) | |||||
| Repayment of note payable | (2,337 | ) | (17,254 | ) | ||||
| Advances (payments) from a related party | 41,707 | (99,092 | ) | |||||
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 39,370 | (117,171 | ) | |||||
| NET INCREASE IN CASH | 894,848 | 229,041 | ||||||
| CASH - Beginning of period | 3,253,876 | 4,832,682 | ||||||
| CASH - End of period | $ | 4,148,724 | $ | 5,061,723 | ||||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||
| Cash paid during the period for: | ||||||||
| Interest | $ | — | $ | 1,644 | ||||
| Income taxes | $ | — | $ | — | ||||
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About AXIL
AXIL (NYSE American) is an emerging global e-commerce consumer products company. The Company is a manufacturer and marketer of premium hearing enhancement and protection products, including ear plugs, earmuffs, and ear buds, under the AXIL® brand and premium hair and skincare products under its in-house Reviv3 Procare brand - selling products in the United States, Canada, the European Union and throughout Asia. To learn more, please visit www.reviv3.com for the Reviv3® brand and, for the AXIL® brand, visit www.goaxil.com.
Forward-Looking Statements
This press release contains a number of forward-looking statements within the meaning of the federal securities laws. The use of words such as “anticipate,” “believe,” “expect,” “continue,” “will,” “prepare,” “should,” and “focus,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available information, and management’s beliefs, projections, and current expectations, and are subject to a number of significant risks and uncertainties, many of which are beyond management’s control and may cause the Company’s results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things: (i) the Company’s ability to grow its net sales and operations, including developing new products and expanding internationally, and perform in accordance with any guidance; (ii) our ability to generate sufficient revenue to support the Company’s operations and to raise additional funds or obtain other forms of financing as needed on acceptable terms, or at all; (iii) potential difficulties or delays the Company may experience in implementing its cost savings and efficiency initiatives; (iv) the Company’s ability to compete effectively with other hair and skincare companies and hearing enhancement and protection companies; (v) the concentration of the Company’s customers, potentially increasing the negative impact to the Company by changing purchasing or selling patterns; (vi) changes in laws or regulations in the United States and/or in other major markets, such as China, in which the Company operates, including, without limitation, with respect to taxes, tariffs, trade policies or product safety, which may increase the Company product costs and other costs of doing business, and reduce the Company’s earnings; (vii) the Company’s ability to engage in strategic partnerships and expand its distribution and retail channels; and (viii) the impact of unstable market and general economic conditions on the Company’s business, financial condition and stock price, including inflationary cost pressures, the possibility of an economic recession and other macroeconomic factors, geopolitical events, and uncertainty, decreased discretionary consumer spending, supply chain disruptions and constraints, labor shortages, ongoing economic disruption, including the effects of the Ukraine-Russia conflict and the Israel-Hamas conflict, and other downturns in the business cycle or the economy. There can be no assurance as to any of these matters, and potential investors are urged to consider these factors carefully in evaluating the forward-looking statements. Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. Except as required by law, the Company does not assume any obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.
Investor Relations:
AXIL Investor Relations Team
(888) 638-8883
investors@axilbrands .com
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