XMax Inc. Announces Preliminary Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net sales approximately $6.42 million, down from $9.76 million year over year
- ➤Q3 gross margin approximately 13.9%, up from 10.1% in Q3 2025
- ➤Q3 net loss expected between $12.10 million and $13.10 million
- ➤Nine-month net income expected between $19.50 million and $20.50 million
- ➤Board approves share repurchase program of up to $30 million
Expert Statements
Andy Lu, Chief Executive Officer of XMax
“The third quarter was a period of transition for XMax as we continued to build our AI business alongside our furniture distribution business”
Andy Lu, Chief Executive Officer of XMax
“We have continued to make commercial progress in AI”
Andy Lu, Chief Executive Officer of XMax
“Since mid-September, we have announced our cooperation with apM Group in Korea, our entry into an agreement to acquire Hexa Creation Inc., and an AI infrastructure services agreement that we expect to generate over US$100 million in revenue over the next five years, subject to satisfaction of certain closing conditions.”
Andy Lu, Chief Executive Officer of XMax
“Our focus now is on executing on and commercializing these initiatives.”
Andy Lu, Chief Executive Officer of XMax
“Our Board of Directors recently approved a share repurchase program of up to $30 million, which reflects our confidence in our long-term strategy and our commitment to disciplined capital allocation.”
LOS ANGELES, Nov. 03, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XMAX, “XMAX” or the “Company”), a distributor of contemporary furniture and artificial intelligence software and platform-based service provider, today announced selected preliminary unaudited financial results for the third quarter and nine months ended September 30, 2026.
Preliminary Third Quarter 2026 Financial Highlights: * Net Sales: Approximately $6.42 million, compared to $9.76 million in the third quarter of 2025. * Gross Profit: Approximately $0.89 million, representing a gross margin of approximately 13.9%, compared to 10.1% in the third quarter of 2025. * Net Loss: Expected to be in the range of $12.10 million to $13.10 million, primarily reflecting a non-cash unrealized loss Preliminary Nine Months Ended September 30, 2026 Financial Highlights: * Net Sales: Approximately $10.94 million, compared to $14.95 million for the nine months ended September 30, 2025. * Gross Profit: Approximately $2.87 million, representing a gross margin of approximately 26.2%, compared to 23.2% for the nine months ended September 30, 2025. * Net Income: Expected to be in the range of $19.50 million to $20.50 million, primarily reflecting a non-cash unrealized gain, partially offset by income tax expense. Management Commentary
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