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NEWS
UPDATE - AXIL Brands, Inc. Reports Record Fiscal Year 2024 Financial Results
AXIL Brands, Inc. (NYSE American: AXIL)reported record financial results for fiscal year 2024. Key highlights include:
Consolidated net sales increased 17% to a record $27.5 million
Gross profit as a percentage of sales was 73.4%
Net income per common share on a fully diluted basis was $0.21, including $0.08 gain on redemption of preferred shares
Diluted earnings per share for 2024 reflects weighted average outstanding shares of 16,168,181
The company's growth was primarily driven by increased marketing and sales initiatives in the hearing protection and enhancement segment. AXIL's strategic focus on expanding distribution and retail channels contributed to the solid year-over-year growth.
Consolidated net sales increased 17% to a record $27.5 million
Gross profit as a percentage of sales was 73.4%
Net income per common share on a fully diluted basis was $0.21, including $0.08 gain on redemption of preferred shares
Diluted earnings per share for 2024 reflects weighted average outstanding shares of 16,168,181
The company's growth was primarily driven by increased marketing and sales initiatives in the hearing protection and enhancement segment. AXIL's strategic focus on expanding distribution and retail channels contributed to the solid year-over-year growth.
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