AXIL Brands Q1 Profit Rises to $0.05 Per Share Despite 11.2% Revenue Decline

AXIL Brands Inc. (AXIL) reported first-quarter earnings of $0.421 million, or $0.05 per share, up from $0.334 million, or $0.04 per share, a year earlier, the company announced. Revenue for the period fell 11.2% to $6.090 million from $6.856 million last year. The results reflect higher profitability on a lower revenue base for the quarter.