XMAX
XMax Inc.
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Latest Quote
$8.93
| Previous Close | $9.05 |
| Open | $8.99 |
| Day High | $9.07 |
| Day Low | $8.90 |
| Volume | 297,897 |
Stock Information
| Shares Outstanding | 64.52M |
| Total Debt | $5.61M |
| Cash Equivalents | $34.63M |
| Revenue | $16.05M |
| Net Income | $29.83M |
| Sector | Consumer Cyclical |
| Industry | Furnishings, Fixtures & Appliances |
| Market Cap | $576.19M |
| P/E Ratio | 18.22 |
| EPS (TTM) | $0.49 |
| Exchange | NCM |
Recent Price History
About XMax Inc.
XMax Inc. engages in the design, manufacture, marketing, and sale of residential and commercial furniture for designers, distributors, and retailers in the United States and internationally. Its furniture products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company sells its furniture products under the Nova LifeStyle, Diamond Sofa, and Nova Living brands directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily. The company also offers enterprise AI infrastructure and Model-as-a-Service solutions enabling businesses to integrate large language model capabilities into their core operations through cloud-based inference APIs. The company was formerly known as Nova LifeStyle, Inc. and changed its name to XMax Inc. in November 2025. XMax Inc. was founded in 2003 and is headquartered in Commerce, California.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $12,538,205 | $5,437,484 | $6,913,902 | $20,526,484 |
| Cost Of Revenue | $12,538,205 | $5,437,484 | $6,913,902 | $20,526,484 |
| Total Revenue | $16,722,703 | $9,686,975 | $11,087,459 | $12,744,871 |
| Operating Revenue | $16,722,703 | $9,686,975 | $11,087,459 | $12,744,871 |
| Expenses | ||||
| Interest Expense | $77,135 | $31,244 | $9,495 | - |
| Total Expenses | $18,651,435 | $15,050,330 | $17,506,007 | $28,967,222 |
| Other Income Expense | $-1,807,552 | $17,777 | $-397,711 | $-638,882 |
| Other Non Operating Income Expenses | $-1,662,565 | $4,496 | $19,979 | $550 |
| Net Non Operating Interest Income Expense | $-263,281 | $-213,513 | $-175,906 | $-212,284 |
| Total Other Finance Cost | $186,146 | $182,269 | $166,411 | $212,284 |
| Interest Expense Non Operating | $77,135 | $31,244 | $9,495 | - |
| Operating Expense | $6,113,230 | $9,612,846 | $10,592,105 | $8,440,738 |
| Selling And Marketing Expense | $1,376,824 | $1,557,508 | $2,417,479 | $2,885,249 |
| General And Administrative Expense | $4,736,406 | $6,057,477 | $5,056,500 | $5,544,572 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,075,917 |
| Net Interest Income | $-263,281 | $-213,513 | $-175,906 | $-212,284 |
| Normalized Income | $-3,294,652 | $-5,572,197 | $-7,393,282 | $-16,570,766 |
| Net Income From Continuing And Discontinued Operation | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,101,671 |
| Total Operating Income As Reported | $-1,928,732 | $-5,363,355 | $-6,418,548 | $-16,222,351 |
| Net Income Common Stockholders | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,101,671 |
| Net Income | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,101,671 |
| Net Income Including Noncontrolling Interests | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,101,671 |
| Net Income Continuous Operations | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,075,917 |
| Pretax Income | $-3,999,565 | $-5,559,091 | $-6,992,165 | $-17,073,517 |
| Special Income Charges | $-411,332 | $0 | - | - |
| Operating Income | $-1,928,732 | $-5,363,355 | $-6,418,548 | $-16,222,351 |
| Gross Profit | $4,184,498 | $4,249,491 | $4,173,557 | $-7,781,613 |
| Net Income Discontinuous Operations | - | - | $0 | $-25,754 |
| Per Share | ||||
| Diluted EPS | $-0.17 | $-1.48 | $-4.96 | $-12.34 |
| Basic EPS | $-0.17 | $-1.48 | $-4.96 | $-12.34 |
| Other | ||||
| Tax Effect Of Unusual Items | $-21,061 | $2,789 | $-87,715 | $-134,281 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-2,894,702 | $-5,030,926 | $-5,761,190 | $-15,011,071 |
| Total Unusual Items | $-144,987 | $13,281 | $-417,690 | $-639,432 |
| Total Unusual Items Excluding Goodwill | $-144,987 | $13,281 | $-417,690 | $-639,432 |
| Reconciled Depreciation | $882,741 | $510,202 | $803,790 | $571,848 |
| EBITDA (Bullshit earnings) | $-3,039,689 | $-5,017,645 | $-6,178,880 | $-15,650,503 |
| EBIT | $-3,922,430 | $-5,527,847 | $-6,982,670 | $-16,222,351 |
| Diluted Average Shares | $20,684,692 | $3,765,727 | $1,556,555 | $1,385,913 |
| Basic Average Shares | $20,684,692 | $3,765,727 | $1,556,555 | $1,385,913 |
| Diluted NI Availto Com Stockholders | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,101,671 |
| Tax Provision | $-580,987 | $2,614 | $731,092 | $2,400 |
| Impairment Of Capital Assets | $411,332 | $0 | - | - |
| Gain On Sale Of Security | $266,345 | $13,281 | $-417,690 | $-639,432 |
| Research And Development | $0 | $1,997,861 | $3,118,126 | $10,917 |
| Selling General And Administration | $6,113,230 | $7,614,985 | $7,473,979 | $8,429,821 |
| Other Gand A | $4,736,406 | $6,057,477 | $5,056,500 | $5,544,572 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $27,959,568 | $2,901,799 | $269,275 | $6,379,387 |
| Total Assets | $35,547,329 | $9,917,403 | $6,238,478 | $11,533,496 |
| Total Non Current Assets | $23,764,631 | $1,985,920 | $2,489,093 | $3,333,190 |
| Goodwill And Other Intangible Assets | $0 | $221,715 | $227,079 | $232,443 |
| Current Assets | $11,782,698 | $7,931,483 | $3,749,385 | $8,200,306 |
| Prepaid Assets | $458,198 | $4,891,442 | $1,078,674 | $1,525,844 |
| Inventory | $2,163,437 | $2,824,353 | $2,213,311 | $4,932,642 |
| Receivables | $2,452,723 | $53,786 | $88,263 | $367,653 |
| Other Receivables | $7,478 | $17,415 | $41,265 | $79,175 |
| Accounts Receivable | $2,445,245 | $36,371 | $46,998 | $288,478 |
| Allowance For Doubtful Accounts Receivable | $-258 | $-367 | $-532 | $-2,914 |
| Gross Accounts Receivable | $2,445,503 | $36,738 | $47,530 | $291,392 |
| Cash Cash Equivalents And Short Term Investments | $6,708,340 | $161,902 | $369,137 | $1,374,167 |
| Cash And Cash Equivalents | $6,708,340 | $161,902 | $369,137 | $1,374,167 |
| Other Intangible Assets | - | $3,109 | $8,473 | $13,837 |
| Assets Held For Sale Current | - | - | - | $0 |
| Taxes Receivable | - | - | - | $0 |
| Other Non Current Assets | - | - | - | - |
| Non Current Prepaid Assets | - | - | - | - |
| Non Current Deferred Assets | - | - | - | - |
| Non Current Deferred Taxes Assets | - | - | - | - |
| Debt | ||||
| Total Debt | $6,208,529 | $2,116,328 | $2,111,669 | $2,857,814 |
| Long Term Debt And Capital Lease Obligation | $5,195,019 | $968,570 | $1,409,684 | $2,121,386 |
| Long Term Debt | $5,175,143 | $197,828 | $147,428 | $150,000 |
| Current Debt And Capital Lease Obligation | $1,013,510 | $1,147,758 | $701,985 | $736,428 |
| Current Debt | $401,586 | $398,571 | - | - |
| Other Current Borrowings | $401,586 | $398,571 | - | - |
| Net Debt | - | $434,497 | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $7,587,761 | $6,793,889 | $5,742,124 | $4,921,666 |
| Total Non Current Liabilities Net Minority Interest | $5,195,019 | $968,570 | $2,052,796 | $3,278,989 |
| Current Liabilities | $2,392,742 | $5,825,319 | $3,689,328 | $1,642,677 |
| Other Current Liabilities | $50,000 | - | $27,545 | $38,349 |
| Current Deferred Liabilities | $58,786 | $413,583 | $306,532 | $170,139 |
| Payables And Accrued Expenses | $1,238,446 | $4,248,875 | $2,653,266 | $697,761 |
| Payables | $895,486 | $3,576,617 | $1,727,383 | $343,727 |
| Other Payable | $568,352 | $995,672 | $147,233 | $21,837 |
| Total Tax Payable | $0 | $1,852,399 | $1,150,105 | $629 |
| Income Tax Payable | $0 | $1,852,399 | $1,150,105 | $629 |
| Accounts Payable | $327,134 | $728,546 | $430,045 | $321,261 |
| Tradeand Other Payables Non Current | - | $0 | $643,112 | $1,157,603 |
| Interest Payable | - | - | $0 | $621 |
| Equity | ||||
| Common Stock Equity | $27,959,568 | $3,123,514 | $496,354 | $6,611,830 |
| Total Equity Gross Minority Interest | $27,959,568 | $3,123,514 | $496,354 | $6,611,830 |
| Stockholders Equity | $27,959,568 | $3,123,514 | $496,354 | $6,611,830 |
| Gains Losses Not Affecting Retained Earnings | $504,247 | $522,146 | $521,425 | $77,242 |
| Other Equity Adjustments | $504,247 | $522,146 | $521,425 | $77,242 |
| Retained Earnings | $-53,410,093 | $-49,991,515 | $-44,429,810 | $-36,706,553 |
| Long Term Equity Investment | $23,104,628 | $0 | - | - |
| Other | ||||
| Ordinary Shares Number | $41,885,728 | $7,301,206 | $1,917,706 | $1,423,836 |
| Share Issued | $41,885,728 | $7,301,206 | $1,917,706 | $1,423,836 |
| Tangible Book Value | $27,959,568 | $2,901,799 | $269,275 | $6,379,387 |
| Invested Capital | $33,536,297 | $3,719,913 | $643,782 | $6,761,830 |
| Working Capital | $9,389,956 | $2,106,164 | $60,057 | $6,557,629 |
| Capital Lease Obligations | $631,800 | $1,519,929 | $1,964,241 | $2,707,814 |
| Total Capitalization | $33,134,711 | $3,321,342 | $643,782 | $6,761,830 |
| Additional Paid In Capital | $80,823,528 | $52,585,582 | $44,402,821 | $43,239,701 |
| Capital Stock | $41,886 | $7,301 | $1,918 | $1,440 |
| Common Stock | $41,886 | $7,301 | $1,918 | $1,440 |
| Long Term Capital Lease Obligation | $19,876 | $770,742 | $1,262,256 | $1,971,386 |
| Current Deferred Revenue | $58,786 | $413,583 | $306,532 | $170,139 |
| Current Capital Lease Obligation | $611,924 | $749,187 | $701,985 | $736,428 |
| Current Provisions | $32,000 | $15,103 | $27,545 | $38,349 |
| Current Accrued Expenses | $342,960 | $672,258 | $925,883 | $354,034 |
| Investments And Advances | $23,104,628 | $0 | - | - |
| Investmentsin Subsidiariesat Cost | $23,104,628 | $0 | - | - |
| Goodwill | $0 | $218,606 | $218,606 | $218,606 |
| Net PPE | $660,003 | $1,764,205 | $2,262,014 | $3,100,747 |
| Accumulated Depreciation | $-217,284 | $-406,517 | $-345,916 | $-300,646 |
| Gross PPE | $877,287 | $2,170,722 | $2,607,930 | $3,401,393 |
| Construction In Progress | $43,260 | $52,523 | $69,992 | $71,146 |
| Other Properties | $638,201 | $1,846,784 | $2,282,586 | $3,053,680 |
| Machinery Furniture Equipment | $195,826 | $271,415 | $255,352 | $276,567 |
| Finished Goods | $2,163,437 | $2,824,353 | $2,213,311 | $4,932,642 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-445,838 | $-1,405,900 | $-1,580,247 | $-5,376,422 |
| Operating Activities | ||||
| Operating Cash Flow | $-445,838 | $-1,391,779 | $-1,580,247 | $-5,367,650 |
| Cash Flow From Continuing Operating Activities | $-445,838 | $-1,391,779 | $-1,580,247 | $-5,489,421 |
| Cash From Discontinued Operating Activities | - | - | $0 | $121,771 |
| Investing Activities | ||||
| Investing Cash Flow | $-22,808,208 | $-14,121 | $18,643 | $-8,772 |
| Cash Flow From Continuing Investing Activities | $-22,808,208 | $-14,121 | $18,643 | $-8,772 |
| Capital Expenditure | - | $-14,121 | - | $-8,772 |
| Cash From Discontinued Investing Activities | - | - | $0 | $0 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $24,667,871 | $750,000 | $0 | $0 |
| Financing Cash Flow | $29,752,352 | $1,175,578 | $0 | $0 |
| Cash Flow From Continuing Financing Activities | $29,752,352 | $1,175,578 | $0 | $0 |
| Net Other Financing Charges | $-6,504 | $65,578 | - | - |
| Cash Dividends Paid | $0 | $0 | - | - |
| Net Common Stock Issuance | $24,667,871 | $750,000 | $0 | $0 |
| Common Stock Issuance | $24,667,871 | $750,000 | $0 | $0 |
| Other | ||||
| Repayment Of Debt | $-106,105 | $0 | - | - |
| Issuance Of Debt | $5,200,000 | $360,000 | $0 | - |
| Interest Paid Supplemental Data | $68,906 | $32,477 | $6,176 | $5,697 |
| Income Tax Paid Supplemental Data | $1,304,247 | $5,854 | $90,931 | $248,720 |
| End Cash Position | $6,708,340 | $161,902 | $369,137 | $1,374,167 |
| Beginning Cash Position | $161,902 | $369,137 | $1,374,167 | $6,276,106 |
| Effect Of Exchange Rate Changes | $48,132 | $23,087 | $556,574 | $474,483 |
| Changes In Cash | $6,498,306 | $-230,322 | $-1,561,604 | $-5,376,422 |
| Interest Paid Cff | $-2,910 | $0 | - | - |
| Net Issuance Payments Of Debt | $5,093,895 | $360,000 | $0 | - |
| Net Short Term Debt Issuance | $200,000 | $360,000 | $0 | - |
| Short Term Debt Issuance | $200,000 | $360,000 | $0 | - |
| Net Long Term Debt Issuance | $4,893,895 | $0 | - | - |
| Long Term Debt Payments | $-106,105 | $0 | - | - |
| Long Term Debt Issuance | $5,000,000 | $0 | - | - |
| Net Investment Purchase And Sale | $-22,808,208 | $0 | - | - |
| Purchase Of Investment | $-22,808,208 | $0 | - | - |
| Net PPE Purchase And Sale | $0 | $-14,121 | $18,643 | $-8,772 |
| Purchase Of PPE | $0 | $-14,121 | $0 | $-8,772 |
| Change In Working Capital | $-1,418,506 | $883,614 | $4,026,840 | $-2,465,821 |
| Change In Other Working Capital | $-364,161 | $101,793 | $137,172 | $-224,237 |
| Change In Other Current Liabilities | $-820,387 | $-448,808 | $-735,151 | $-586,733 |
| Change In Other Current Assets | $69,608 | $23,850 | $506,133 | $-1,186,439 |
| Change In Payables And Accrued Expense | $-2,976,744 | $923,850 | $1,421,659 | $-88,025 |
| Change In Accrued Expense | $-690,197 | $585,722 | $672,715 | $35,305 |
| Change In Payable | $-2,286,547 | $338,128 | $748,944 | $-123,330 |
| Change In Account Payable | $-401,412 | $298,501 | $108,784 | $-37,101 |
| Change In Tax Payable | $-1,885,135 | $39,627 | $640,160 | $-86,229 |
| Change In Income Tax Payable | $-1,885,135 | $39,627 | $640,160 | $-86,229 |
| Change In Prepaid Assets | $4,427,069 | $939,763 | $395,656 | $686,091 |
| Change In Inventory | $654,874 | $-667,626 | $2,525,732 | $-879,527 |
| Change In Receivables | $-2,408,765 | $10,792 | $281,772 | $-186,951 |
| Changes In Account Receivables | $-2,408,765 | $10,792 | $243,862 | $-186,951 |
| Other Non Cash Items | $-296,420 | $1,962,000 | $675,000 | - |
| Stock Based Compensation | $3,387,660 | $757,692 | $499,631 | $573,923 |
| Provisionand Write Offof Assets | $-109 | $-165 | $-2,382 | $1,870 |
| Asset Impairment Charge | $417,374 | $56,583 | $140,131 | $12,904,676 |
| Depreciation Amortization Depletion | $882,741 | $510,202 | $803,790 | $571,848 |
| Depreciation And Amortization | $882,741 | $510,202 | $803,790 | $571,848 |
| Amortization Cash Flow | $3,109 | $5,364 | - | - |
| Amortization Of Intangibles | $3,109 | $5,364 | - | - |
| Depreciation | $879,632 | $504,838 | $803,790 | $571,848 |
| Net Income From Continuing Operations | $-3,418,578 | $-5,561,705 | $-7,723,257 | $-17,075,917 |
| Sale Of PPE | - | $0 | $18,643 | $0 |
| Cash Flow From Discontinued Operation | - | - | $0 | $0 |
| Gain Loss On Sale Of PPE | - | - | - | $0 |
| Net Business Purchase And Sale | - | - | - | - |
| Sale Of Business | - | - | - | - |
| Deferred Tax | - | - | - | - |
| Deferred Income Tax | - | - | - | - |