EX-99.1 2 axil-20241009_8kex99z1.htm EXHIBIT 99.1

展览品99.1

 

AXIL品牌公司报告2025财年第一季度财务业绩

 

洛杉矶,2024年10月10日(环球新闻社)- AXIL品牌有限公司(“AXIL”,“我们”,“我们”,“我们”或“公司”)(纽交所美国:AXIL),一个新兴的全球消费品公司,专注于AXIL®听力保护和增强产品以及Reviv3®头发和皮肤护理产品,今天宣布截至2024年8月31日的第一季度财务和运营结果。

 

2024年8月31日结束的本季要点

 

·与上一年同期相比,净销售额(营业收入)为585万美元,低于610万美元。

 

·毛利润占销售额的百分比在2025财年第一季度为71%,而上一年同期为76.1%。

 

·营业费用占销售额的比例在2025财年第一季度为73.4%,而去年同期为73.3%。

 

·经营活动产生的净现金流量为897,318美元,相比之下,上一年同期为397,172美元。

 

·与上一年同期相比,现金净增加额为894,848美元,而上年同期为229,041美元。

 

·加权平均稀释股份为6,172,379,而上一年同期为18,622,597。

 

·基于上述情况,我们报告在2025财年第一季度出现净亏损109,805美元,折旧和摊销以及股票补偿达310,759美元,相比之下,与上一财年同期净利润154,452美元相比。

 

AXIL的财政年度第一季度开局良好,主席兼首席执行官Jeff Toghraie表示。" 我们通过拓展新渠道和多元化业务组合取得了重大进展。我们持续投资创新,并致力于为国内和国际市场开发引人入胜的新产品。我们对未来的机遇感到兴奋,并坚定承诺保持运营卓越,并为股东创造价值。"

 

 -1-

 

 

 

AXIL BRANDS,INC.和子公司

基本报表

 

   2024年8月31日  2024年5月31日
   (未经审计)   
资产          
流动资产:          
现金  $4,148,724   $3,253,876 
2,687,823    599,150    509,835 
114,467    3,273,419    3,394,023 
资产预付款和其他流动资产的变动   322,168    809,126 
           
流动资产合计   8,343,461    7,966,860 
           
其他资产:          
资产和设备,净值   251,055    260,948 
无形资产, 净额   347,942    309,104 
使用权资产   18,284    36,752 
递延税款资产   231,587    231,587 
其他   12,195    16,895 
商誉   2,152,215    2,152,215 
           
其他资产总额   3,013,278    3,007,501 
           
资产总计  $11,356,739   $10,974,361 
           
负债和股东权益          
           
流动负债:          
应付账款  $1,373,106   $967,596 
客户存款   74,053    154,762 
合同负债-流动负债   938,498    905,311 
应付票据   144,257    146,594 
应相关方付款   53,505    11,798 
租赁负债,流动   18,650    36,752 
所得税负债   242,296    242,296 
其他流动负债   229,848    332,936 
           
总流动负债   3,074,213    2,798,045 
           
长期负债:          
合同负债-非流动负债   398,681    480,530 
           
总长期负债   398,681    480,530 
           
总负债   3,472,894    3,278,575 
           
承诺和 contingencies(参见注释10)   —      —   
           
股东权益:          
优先股,面值$0.0001;授权发行300,000,000股;截至2024年8月31日和2024年5月31日,发行及流通股份分别为31,133,500股和42,251,750股   3,113    4,225 
普通股,面值$0.0001;授权发行450,000,000股;截至2024年8月31日和2024年5月31日,发行、待发行和流通股份分别为6,464,852股和5,908,939股   647    591 
额外实收资本   8,124,160    7,825,240 
累积赤字   (244,075)   (134,270)
           
股东权益总计   7,883,845    7,695,786 
           
负债合计及股东权益总计  $11,356,739   $10,974,361 

 

 -2-

 

AXIL BRANDS,INC.和子公司

综合损益表

截至2024年8月31日和2023年的三个月

(未经审计)

 

   2024  2023
       
销售额,净额  $5,851,272   $6,106,269 
           
销售成本   1,697,624    1,458,703 
           
毛利润   4,153,648    4,647,566 
           
运营费用:          
销售和营销   2,669,471    3,206,841 
补偿和相关税收   190,648    279,989 
专业和咨询   947,849    426,775 
一般和行政   486,382    560,204 
           
总运营费用   4,294,350    4,473,809 
           
运营收入(亏损)   (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 
利息支出和其他财务费用   —      (1,644)
           
其他收入(支出),净额   30,897    46,684 
           
所得税准备金前的收入(亏损)   (109,805)   220,441 
           
所得税准备金(福利)   —      65,989 
           
净收益(亏损)  $(109,805)  $154,452 
           
普通股每股净收益(亏损):          
基本  $(0.02)  $0.03 
稀释  $(0.02)  $0.01 
           
加权平均已发行普通股:          
基本   6,172,379    5,853,847 
稀释   6,172,379    18,622,597 

 

 -3-

 

AXIL BRANDS,INC.和子公司

股东权益变动表

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  

 

 -4-

 

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  $—     $—   

 

 -5-

 

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

 

 -6-