Trooperstocks
2月前
$XMAX News: XMax Inc. Announces Fiscal Year 2025 Financial Results
XMax Inc.
Wed, April 15, 2026 at 4:30 PM EDT
XMax Inc.
Company Reports 73% Revenue Growth and Strategic Expansion into Artificial Intelligence
COMMERCE, Calif., April 15, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN) (formerly Nova LifeStyle, Inc.), a distributor of contemporary styled residential and commercial furniture and new player in artificial intelligence technologies, today announced financial results for the fiscal year ended December 31, 2025.
Fiscal Year 2025 Financial Highlights
Net Sales: $16.7 million, up 73% from $9.7 million in fiscal year 2024
Gross Profit: $4.2 million, representing a 25% gross margin and a decrease from gross profit of $4.25 million and gross margin of 44% for fiscal year 2024
Net Loss: $(3.4) million, improved from $(5.6) million in fiscal year 2024
Cash and Cash Equivalents: $6.7 million as of December 31, 2025, compared to $0.2 million at December 31, 2024
Working Capital: $9.9 million as of December 31, 2025, up from $2.1 million at December 31, 2024
Key Developments
Strategic Expansion into Artificial Intelligence
In March 2026, XMax's Board of Directors approved a strategic expansion into artificial intelligence (AI) while continuing to operate and develop its existing furniture business. The initiative is designed to diversify revenue streams and position the Company for long-term growth amid challenging conditions in the furniture market.
Under the new strategy, the Company plans to enter several high-growth AI segments, including:
AI software and hardware development
Cloud and GPU compute infrastructure
AI model access and orchestration
Enterprise-focused AI agent deployment
On April 2, 2026, the Company formally established a wholly owned subsidiary, XMax AI Inc. On April 6, 2026, XMax AI Inc. entered into an agreement with CLOUD ALLIANCE INC to develop and deploy a cloud-based AI inference platform to the Amazon Web Services (AWS) cloud environment designated by XMax AI. The platform is designed to support scalable AI application development, multi-model integration, and potential commercial deployment.
Management Commentary
"Fiscal year 2025 marked a transformational period for XMax," said Xiaohua Lu, Chief Executive Officer. "We achieved significant revenue growth of 73% while simultaneously strengthening our balance sheet and positioning the Company for future growth through strategic investments in high-growth technology sectors. Our expansion into artificial intelligence represents a natural evolution of our business strategy, leveraging emerging technologies to create new revenue streams while continuing to serve our core furniture customers."
"Our decision to invest in leading AI and space technology companies through carefully selected funds demonstrates our commitment to long-term value creation for shareholders," Lu continued. "As we move forward, we will continue to strengthen our core furniture operations while building scalable technology-driven business lines with significant commercial potential."
Fiscal Year 2025 Business Review
Revenue Performance
Net sales increased 73% to $16.7 million in fiscal year 2025, driven by:
102% increase in average selling prices
Three largest product categories, including marble slabs (47% of sales), sofas (30% of sales), and coffee tables (5% of sales)
Increased sales to Hong Kong representing 47.4% of total sales in 2025
Geographic Mix
North America: $8.7 million (52.1% of sales), down 8% from prior year
Hong Kong: $7.9 million (47.4% of sales), up 100% from $0 in prior year
Other Regions: $0.1 million (0.5% of sales)
Balance Sheet and Liquidity
As of December 31, 2025, XMax maintained a strong financial position with:
Total Assets: $35.5 million, up from $9.9 million at December 31, 2024
Total Liabilities: $7.6 million, up from $6.8 million at December 31, 2024
Stockholders' Equity: $28.0 million, up from $3.1 million at December 31, 2024
Current Ratio: 4.92-to-1, indicating strong short-term liquidity
Fiscal Year 2026 Outlook
Looking ahead, XMax plans to:
Continue strengthening its core furniture operations as a principal business line;
Raise and deploy capital into specific AI projects, including software and hardware development, cloud and GPU compute infrastructure, and enterprise AI agent deployment
Pursue strategic partnerships, joint ventures, or acquisitions in AI and advanced technology sectors;
Manage capital through prudent investment strategies designed to enhance overall capital efficiency and support long-term shareholder value.
About XMax Inc.
Headquartered in Commerce, California, XMax Inc. (NASDAQ: XWIN), formerly known as Nova LifeStyle, Inc., is a diversified company engaged in the design, sourcing, and distribution of contemporary furniture, as well as the development of artificial intelligence technologies and applications. The Company operates through an established global network of suppliers, distributors, and e-commerce channels, serving a broad customer base. In addition, the Company is expanding into artificial intelligence technologies, including AI software and platform-based services, to support future growth. By leveraging both its core operations and emerging technologies, the Company aims to drive diversification and long-term value creation.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
Investor Relations Contact
ICR LLC.
XMaxIR@icrinc.com
Trooperstocks
2月前
$XWIN News: XMax Advances AI Strategy Through Development and Deployment of An AI Inference Platform
XMax Inc.
Wed, April 8, 2026 at 4:30 PM EDT
LOS ANGELES, April 08, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN) (“XMax” or the “Company”) today announced a key milestone in its artificial intelligence (“AI”) strategy with the deployment of an AI inference platform, further advancing its expansion toward a software-driven and platform-based AI business.
XMax AI Inc., a wholly owned subsidiary of the Company (“XMax AI”), has entered into an agreement with CLOUD ALLIANCE INC to develop and deploy a cloud-based AI inference platform to the Amazon Web Services (AWS) cloud environment designated by XMax AI. The platform is designed to support scalable AI application development, multi-model integration, and potential commercial deployment.
The platform will feature core capabilities including large-model API access and intelligent routing, user authentication, integrated payment processing, usage-based billing, and workflow management tools. Together, these functionalities are expected to enable XMax to establish a unified AI service layer supporting both internal operations and potential future external commercialization.
The deployment is expected to be completed within approximately 30 days, subject to standard implementation conditions.
This initiative represents a foundational step in XMax’s broader AI expansion strategy, positioning the Company to develop from a traditional product-focused business into a scalable, software-centric platform. XMax believes that establishing capabilities in the orchestration and deployment layer of AI services is critical to capturing long-term value in the rapidly evolving AI ecosystem.
“We view AI infrastructure and software capability as core to our next phase of growth,” said Mr. Xiaohua Lu, Chief Executive Officer of XMax. “This deployment establishes the foundation for XMax to operate as an AI-enabled platform company, capable of delivering scalable and commercialized AI solutions.”
Following deployment, the Company plans to enhance platform capabilities, integrate additional AI models, and explore commercialization opportunities and strategic partnerships.
About XMax Inc.
Headquartered in Commerce, California, XMax Inc. (NASDAQ: XWIN), formerly known as Nova LifeStyle, Inc., is a diversified company engaged in the design, sourcing, and distribution of contemporary furniture, as well as the development of artificial intelligence technologies. The Company operates through an established global network of suppliers, distributors, and e-commerce channels, serving a broad customer base. In addition, XMax is expanding into artificial intelligence technologies, including AI software and platform-based services, to support future growth. By leveraging both its core operations and emerging technologies, the Company aims to drive diversification and long-term value creation.
About Cloud Alliance Inc.
Cloud Alliance Inc. is a Virginia-based company providing cloud, IT modernization, DevOps, cybersecurity support, high-performance computing, and AI-enabled technology services to government and commercial clients. The company’s capabilities include cloud migration and modernization, enterprise cloud architecture, system design and development, testing, operations and maintenance, troubleshooting, security vulnerability management, and data processing and AI integration. Cloud Alliance supports mission-critical, enterprise-wide systems for federal and state government customers and maintains public visibility across government-focused contract channels including DOC NOAA NMITS, DOT SWEP, USDA STRATUS, and the GSA Schedule.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
Investor Relations Contact
ICR LLC.
XMaxIR@icrinc.com
Trooperstocks
2月前
$XWIN News: XMax Announces Formation of XMax AI Inc. to Execute AI Expansion Strategy
XMax Inc.
Mon, April 6, 2026 at 4:59 PM EDT 2 min read
XWIN -XMax Inc.
LOS ANGELES, April 06, 2026 (GLOBE NEWSWIRE) -- XMax Inc (NASDAQ: XWIN, “XMax” or the “Company”) today announced that, further to its Board’s approval of strategic expansion into artificial intelligence (“AI”) as previously announced on March 24, 2026, the Company has formally established a wholly owned subsidiary, XMax AI Inc., on April 2, 2026, marking a significant milestone in the Company’s strategic expansion into the AI area for technology-driven growth.
As previously disclosed, XMax’s Board of Directors approved a strategic initiative to expand into the AI sector. The formation of XMax AI Inc. represents the first operational step in executing this strategy and reflects the Company’s commitment to building a dedicated platform for its AI-related activities.
“The establishment of XMax AI Inc. marks a key execution milestone in our strategic expansion into artificial intelligence,” said Mr. Xiaohua Lu, the Chief Executive Officer of XMax. “While our furniture business continues to provide a strong operational foundation, the launch of this new subsidiary enables us to actively build and scale our AI capabilities. We believe this positions XMax to participate in one of the most dynamic sectors globally, to create diversified and sustainable value for our shareholders.”
About XMax Inc.
Headquartered in Commerce, California, XMax Inc., formerly known as Nova LifeStyle Inc., is a well-established distributor of contemporary styled residential and commercial furniture. The Company monitors popular trends and products to create design elements integrated into product lines for both stand-alone and whole-room furnishing solutions. Through its global network of retailers, e-commerce platforms, and hospitality providers, the Company serves customers worldwide with high-quality furniture products. In addition, the Company is currently expanding into artificial intelligence and advanced technology sectors, positioning itself as a diversified operating platform with both traditional and technology-driven business lines.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to fully resume our operations and remain financially healthy, our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.
Investor Relations Contact
ICR LLC.
XMaxIR@icrinc.com
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