AXIL Brands (AXIL) Financial Statements

Price: $6.57
Market Cap: $43.69M
Avg Volume: 16.34K
Country: US
Industry: Consumer Electronics
Sector: Technology
Beta: -0.42
52W Range: $3.54-12.9
Website: AXIL Brands

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of AXIL Brands.


Income Statement

Breakdown May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Revenue $27.50M $23.52M $2.34M $1.63M $1.01M $992.67K $933.22K $582.00K $475.76K
Cost of Revenue $7.30M $7.16M $843.72K $636.52K $526.98K $582.71K $606.76K $368.71K $403.99K
Gross Profit $20.19M $16.36M $1.49M $997.09K $485.73K $409.96K $326.46K $213.29K $71.77K
Gross Profit Ratio 73.44% 69.57% 63.89% 61.04% 47.96% 41.30% 34.98% 36.65% 15.08%
Research and Development Expenses $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $4.28M $4.05M $519.77K $624.91K $515.23K $- $- $- $-
Selling and Marketing Expenses $13.45M $11.68M $1.20M $730.06K $187.82K $- $- $- $-
Selling General and Administrative Expenses $17.72M $14.38M $1.70M $1.32M $656.85K $559.60K $665.30K $751.50K $786.45K
Other Expenses $965.93K $16.83K $- $- $- $- $- $- $-
Operating Expenses $18.69M $14.38M $1.70M $1.32M $656.85K $559.60K $665.30K $751.50K $786.45K
Cost and Expenses $26.00M $21.54M $2.55M $1.95M $1.18M $1.14M $1.27M $1.12M $1.19M
Interest Income $182.22K $6.47K $36 $44 $104 $136 $118 $5 $-
Interest Expense $4.39K $2.52K $6.54K $6.08K $1.75K $471 $3.81K $576 $65.53K
Depreciation and Amortization $130.61K $95.18K $6.16K $11.68K $12.17K $5.93K $3.03K $1.39K $490
EBITDA $1.92M $2.15M $-170.21K $-280.00K $-158.85K $-143.57K $-335.70K $-536.82K $-707.64K
EBITDA Ratio 6.97% 9.15% -7.29% -17.14% -15.69% -14.46% -35.97% -92.24% -148.74%
Operating Income $1.50M $1.98M $-211.40K $-321.05K $-171.12K $-149.64K $-338.84K $-538.21K $-714.68K
Operating Income Ratio 5.47% 8.44% -9.05% -19.65% -16.90% -15.07% -36.31% -92.48% -150.22%
Total Other Income Expenses Net $279.55K $71.28K $28.50K $23.30K $-1.65K $-335 $-3.69K $-571 $-58.98K
Income Before Tax $1.78M $2.06M $-182.90K $-297.75K $-172.77K $-149.97K $-342.54K $-538.78K $-773.66K
Income Before Tax Ratio 6.48% 8.74% -7.83% -18.23% -17.06% -15.11% -36.71% -92.57% -162.62%
Income Tax Expense $-220.21K $230.91K $2 $-2 $1 $-3 $1 $4 $-
Net Income $2.00M $1.82M $-182.90K $-297.75K $-172.77K $-149.97K $-342.54K $-538.78K $-773.66K
Net Income Ratio 7.28% 7.76% -7.83% -18.23% -17.06% -15.11% -36.71% -92.57% -162.62%
EPS $0.57 $0.32 $-0.09 $-0.14 $-0.08 $-0.07 $-0.17 $-0.27 $-0.38
EPS Diluted $0.21 $0.10 $-0.09 $-0.14 $-0.08 $-0.07 $-0.17 $-0.27 $-0.38
Weighted Average Shares Outstanding 5.87M 5.64M 2.10M 2.08M 2.06M 2.05M 2.03M 2.03M 2.03M
Weighted Average Shares Outstanding Diluted 16.17M 17.87M 2.10M 2.08M 2.06M 2.05M 2.03M 2.03M 2.03M
SEC Filing Source Source Source Source Source Source Source Source Source

Balance Sheet

Breakdown May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Cash and Cash Equivalents $3.25M $4.83M $373.73K $496.94K $409.03K $346.18K $227.87K $416.87K $369.70K
Short Term Investments $- $- $- $- $- $- $- $- $-
Cash and Short Term Investments $3.25M $4.83M $373.73K $496.94K $409.03K $346.18K $227.87K $416.87K $369.70K
Net Receivables $509.83K $417.02K $105.92K $90.88K $182.20K $79.59K $29.99K $32.70K $29.07K
Inventory $3.39M $1.31M $323.39K $450.98K $288.12K $264.58K $324.95K $145.93K $179.07K
Other Current Assets $809.13K $801.36K $- $2.43K $13.71K $2.99K $6.92K $34.22K $116.27K
Total Current Assets $7.97M $7.36M $803.04K $1.04M $893.06K $693.34K $586.32K $613.59K $694.10K
Property Plant Equipment Net $297.70K $259.31K $74.60K $165.39K $233.56K $32.80K $8.35K $7.25K $3.18K
Goodwill $2.15M $2.15M $- $- $- $- $- $- $-
Intangible Assets $309.10K $382.67K $- $- $- $- $- $- $-
Goodwill and Intangible Assets $2.46M $2.53M $- $- $- $- $- $- $-
Long Term Investments $- $- $- $- $- $- $- $- $-
Tax Assets $231.59K $- $- $- $- $- $- $- $-
Other Non-Current Assets $16.89K $12.20K $16.28K $56.15K $16.28K $15.32K $14.85K $14.85K $0
Total Non-Current Assets $3.01M $2.81M $90.88K $221.54K $249.84K $48.13K $23.20K $22.10K $3.18K
Other Assets $- $- $- $1 $- $- $- $- $-
Total Assets $10.97M $10.17M $893.91K $1.26M $1.14M $741.46K $609.51K $635.70K $697.28K
Account Payables $967.60K $908.61K $406.96K $436.14K $98.61K $14.61K $41.32K $62.97K $27.54K
Short Term Debt $183.35K $238.41K $203.47K $88.90K $76.90K $3.30K $- $- $-
Tax Payables $242.30K $230.91K $- $- $- $- $- $- $-
Deferred Revenue $1.06M $827.11K $16.52K $106.95K $128.35K $- $- $- $-
Other Current Liabilities $344.73K $465.94K $80.05K $138.03K $41.63K $34.27K $38.65K $20.25K $37.70K
Total Current Liabilities $2.80M $2.85M $707.00K $712.41K $339.80K $52.18K $96.17K $83.21K $65.24K
Long Term Debt $- $73.50K $2.20K $199.21K $289.70K $11.91K $- $- $-
Deferred Revenue Non-Current $480.53K $605.94K $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $-605.94K $- $- $- $- $- $- $-
Other Non-Current Liabilities $- $-36.75K $-0 $5.50K $8.80K $- $- $- $-
Total Non-Current Liabilities $480.53K $642.69K $2.20K $204.71K $298.50K $11.91K $- $- $-
Other Liabilities $- $- $- $- $1 $1 $- $- $-
Total Liabilities $3.28M $3.50M $709.20K $917.12K $638.30K $64.09K $96.17K $83.21K $65.24K
Preferred Stock $4.22K $25.00K $- $1 $0 $- $- $- $-
Common Stock $591 $11.71K $4.20K $4.20K $4.13K $4.13K $4.05K $3.97K $3.81K
Retained Earnings $-134.27K $-3.47M $-5.29M $-5.11M $-4.81M $-4.64M $-4.49M $-4.15M $-3.61M
Accumulated Other Comprehensive Income Loss $- $-11.71K $- $0 $-0 $- $- $- $-
Other Total Stockholders Equity $7.83M $10.10M $5.47M $5.45M $5.31M $5.31M $5.00M $4.69M $4.24M
Total Stockholders Equity $7.70M $6.67M $184.71K $345.65K $504.60K $677.37K $513.35K $552.48K $632.04K
Total Equity $7.70M $6.67M $184.71K $345.65K $504.60K $677.37K $513.35K $552.48K $632.04K
Total Liabilities and Stockholders Equity $10.97M $10.17M $893.91K $1.26M $1.14M $741.46K $609.51K $635.70K $697.28K
Minority Interest $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $10.97M $10.17M $893.91K $1.26M $1.14M $741.46K $609.51K $635.70K $697.28K
Total Investments $- $- $- $- $- $- $- $- $-
Total Debt $183.35K $278.20K $211.93K $296.90K $378.70K $15.21K $- $- $-
Net Debt $-3.07M $-4.55M $-161.80K $-200.04K $-30.33K $-330.97K $-227.87K $-416.87K $-369.70K

Cash Flow Statement

Breakdown May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Net Income $2.00M $1.82M $-182.90K $-297.75K $-172.77K $-149.97K $-342.54K $-538.78K $-773.66K
Depreciation and Amortization $130.61K $95.18K $6.16K $11.68K $12.17K $5.93K $3.03K $1.39K $490
Deferred Income Tax $-231.59K $- $- $- $- $- $- $- $-
Stock Based Compensation $267.18K $207.34K $21.97K $138.80K $- $- $- $- $-
Change in Working Capital $-2.16M $764.57K $-14.70K $200.24K $71.38K $-39.90K $-168.59K $28.04K $-77.83K
Accounts Receivables $- $-160.28K $-21.98K $90.26K $-101.65K $-55.05K $750 $-4.44K $8.30K
Inventory $- $353.99K $95.98K $-226.44K $-23.55K $61.92K $-184.58K $25.91K $-92.61K
Accounts Payables $- $215.18K $-701 $346.55K $96.57K $-47.29K $16.79K $35.43K $-9.72K
Other Working Capital $-2.16M $355.69K $-88.00K $-10.13K $100.01K $512 $-1.55K $-28.85K $16.20K
Other Non Cash Items $-6.82K $15.29K $4.41K $-52.76K $52.48K $61.18K $212.71K $85.26K $624.28K
Net Cash Provided by Operating Activities $2.68K $2.92M $-126.06K $48.41K $-89.70K $-175.04K $-468.49K $-369.96K $-321.73K
Investments in Property Plant and Equipment $- $-65.65K $- $-15.41K $-9.23K $-14.36K $-4.12K $-5.46K $-3.67K
Acquisitions Net $- $1.07M $- $- $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $- $- $- $- $-
Other Investing Activities $-160.53K $- $- $- $- $- $- $- $-
Net Cash Used for Investing Activities $-160.53K $1.00M $- $-15.41K $-9.23K $-14.36K $-4.12K $-5.46K $-3.67K
Debt Repayment $-28.19K $-40.42K $31.70K $3.00K $159.60K $-1.29K $- $- $-100.00K
Common Stock Issued $- $447.85K $- $- $- $309.00K $283.40K $422.50K $792.46K
Common Stock Repurchased $-1.25M $- $- $- $- $- $- $- $-
Dividends Paid $- $- $- $- $- $- $- $- $-
Other Financing Activities $-1.39M $132.62K $-28.85K $51.91K $2.19K $- $210 $99 $-
Net Cash Used Provided by Financing Activities $-1.42M $540.05K $2.85K $54.91K $161.79K $307.71K $283.61K $422.60K $692.46K
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $-
Net Change in Cash $-1.58M $4.46M $-123.21K $87.91K $62.85K $118.31K $-189.00K $47.18K $367.05K
Cash at End of Period $3.25M $4.83M $373.73K $496.94K $409.03K $346.18K $227.87K $416.87K $369.70K
Cash at Beginning of Period $4.83M $373.73K $496.94K $409.03K $346.18K $227.87K $416.87K $369.70K $2.64K
Operating Cash Flow $2.68K $2.92M $-126.06K $48.41K $-89.70K $-175.04K $-468.49K $-369.96K $-321.73K
Capital Expenditure $-160.53K $-65.65K $- $-15.41K $-9.23K $-14.36K $-4.12K $-5.46K $-3.67K
Free Cash Flow $-157.85K $2.85M $-126.06K $33.00K $-98.93K $-189.40K $-472.61K $-375.42K $-325.41K