XWIN
XMax Inc.
Price Chart
Latest Quote
$5.90
Current Price| Previous Close | $5.65 |
| Open | $5.68 |
| Day High | $5.91 |
| Day Low | $5.55 |
| Volume | 640,033 |
Stock Information
| Shares Outstanding | 41.88M |
| Total Debt | $1.41M |
| Cash Equivalents | $1.71M |
| Revenue | $16.96M |
| Net Income | $-2.82M |
| Sector | Consumer Cyclical |
| Industry | Furnishings, Fixtures & Appliances |
| Market Cap | $247.12M |
| P/E Ratio | 196.67 |
| EPS (TTM) | $0.03 |
| Exchange | NCM |
đ Custom Metrics & Score
Score: 4/42| Debt to Equity | 0.68 |
| Debt to Earnings | 0.50 |
| Current Ratio | 1.36 |
| Quick Ratio | 0.04 |
| Avg Revenue Growth | -5.71% |
| Profit Margin | -57.41% |
| Return on Equity | -178.06% |
| Avg FCF Growth | -17.82% |
| FCF Yield | -0.57% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $5.90 | 640,033 |
| 2026-01-30 | $5.65 | 545,500 |
| 2026-01-29 | $5.78 | 1,185,700 |
| 2026-01-28 | $5.76 | 564,400 |
| 2026-01-27 | $5.93 | 930,200 |
| 2026-01-26 | $5.92 | 355,800 |
| 2026-01-23 | $5.92 | 677,800 |
| 2026-01-22 | $5.79 | 708,900 |
| 2026-01-21 | $5.83 | 1,370,200 |
| 2026-01-20 | $6.06 | 505,000 |
| 2026-01-16 | $6.02 | 734,400 |
| 2026-01-15 | $5.95 | 408,600 |
| 2026-01-14 | $5.88 | 325,900 |
| 2026-01-13 | $5.80 | 705,800 |
| 2026-01-12 | $5.76 | 735,800 |
| 2026-01-09 | $5.78 | 672,500 |
| 2026-01-08 | $5.89 | 597,900 |
| 2026-01-07 | $5.89 | 769,700 |
| 2026-01-06 | $5.92 | 1,016,100 |
| 2026-01-05 | $5.90 | 954,900 |
About XMax Inc.
XMax Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers North America and internationally. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. In addition, the company sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects. It distributes its products under the Nova LifeStyle, Diamond Sofa, and Nova Living brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. 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)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $5,437,484 | $6,913,902 | $20,526,484 | $7,034,482 |
| Cost Of Revenue | $5,437,484 | $6,913,902 | $20,526,484 | $7,034,482 |
| Total Revenue | $9,686,975 | $11,087,459 | $12,744,871 | $12,556,219 |
| Operating Revenue | $9,686,975 | $11,087,459 | $12,744,871 | $12,556,219 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $31,244 | $9,495 | - | - |
| Total Expenses | $15,050,330 | $17,506,007 | $28,967,222 | $16,416,767 |
| Other Income Expense | $17,777 | $-397,711 | $-638,882 | $129,743 |
| Other Non Operating Income Expenses | $4,496 | $19,979 | $550 | $31,668 |
| Net Non Operating Interest Income Expense | $-213,513 | $-175,906 | $-212,284 | $-330,418 |
| Total Other Finance Cost | $182,269 | $166,411 | $212,284 | $330,418 |
| Interest Expense Non Operating | $31,244 | $9,495 | - | - |
| Operating Expense | $9,612,846 | $10,592,105 | $8,440,738 | $9,382,285 |
| Selling And Marketing Expense | $1,557,508 | $2,417,479 | $2,885,249 | $3,728,810 |
| General And Administrative Expense | $6,057,477 | $5,056,500 | $5,544,572 | $5,653,475 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $-5,561,705 | $-7,723,257 | $-17,075,917 | $-4,225,116 |
| Net Interest Income | $-213,513 | $-175,906 | $-212,284 | $-330,418 |
| Normalized Income | $-5,572,197 | $-7,393,282 | $-16,570,766 | $-4,296,711 |
| Net Income From Continuing And Discontinued Operation | $-5,561,705 | $-7,723,257 | $-17,101,671 | $-19,962,493 |
| Total Operating Income As Reported | $-5,363,355 | $-6,418,548 | $-16,222,351 | $-3,860,548 |
| Net Income Common Stockholders | $-5,561,705 | $-7,723,257 | $-17,101,671 | $-19,962,493 |
| Net Income | $-5,561,705 | $-7,723,257 | $-17,101,671 | $-19,962,493 |
| Net Income Including Noncontrolling Interests | $-5,561,705 | $-7,723,257 | $-17,101,671 | $-19,962,493 |
| Net Income Continuous Operations | $-5,561,705 | $-7,723,257 | $-17,075,917 | $-4,225,116 |
| Pretax Income | $-5,559,091 | $-6,992,165 | $-17,073,517 | $-4,061,223 |
| Operating Income | $-5,363,355 | $-6,418,548 | $-16,222,351 | $-3,860,548 |
| Gross Profit | $4,249,491 | $4,173,557 | $-7,781,613 | $5,521,737 |
| Net Income Discontinuous Operations | - | $0 | $-25,754 | $-15,737,377 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $-1.48 | $-4.96 | $-12.34 | $-16.35 |
| Basic EPS | $-1.48 | $-4.96 | $-12.34 | $-16.35 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $2,789 | $-87,715 | $-134,281 | $26,480 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-5,030,926 | $-5,761,190 | $-15,011,071 | $-3,112,099 |
| Total Unusual Items | $13,281 | $-417,690 | $-639,432 | $98,075 |
| Total Unusual Items Excluding Goodwill | $13,281 | $-417,690 | $-639,432 | $98,075 |
| Reconciled Depreciation | $510,202 | $803,790 | $571,848 | $846,524 |
| EBITDA (Bullshit earnings) | $-5,017,645 | $-6,178,880 | $-15,650,503 | $-3,014,024 |
| EBIT | $-5,527,847 | $-6,982,670 | $-16,222,351 | $-3,860,548 |
| Diluted Average Shares | $3,765,727 | $1,556,555 | $1,385,913 | $1,219,325 |
| Basic Average Shares | $3,765,727 | $1,556,555 | $1,385,913 | $1,219,325 |
| Diluted NI Availto Com Stockholders | $-5,561,705 | $-7,723,257 | $-17,101,671 | $-19,962,493 |
| Tax Provision | $2,614 | $731,092 | $2,400 | $163,893 |
| Gain On Sale Of Security | $13,281 | $-417,690 | $-639,432 | $98,075 |
| Research And Development | $1,997,861 | $3,118,126 | $10,917 | - |
| Selling General And Administration | $7,614,985 | $7,473,979 | $8,429,821 | $9,382,285 |
| Other Gand A | $6,057,477 | $5,056,500 | $5,544,572 | $5,653,475 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $2,901,799 | $269,275 | $6,379,387 | $23,206,375 |
| Total Assets | $9,917,403 | $6,238,478 | $11,533,496 | $29,529,624 |
| Total Non Current Assets | $1,985,920 | $2,489,093 | $3,333,190 | $3,960,671 |
| Goodwill And Other Intangible Assets | $221,715 | $227,079 | $232,443 | $237,813 |
| Other Intangible Assets | $3,109 | $8,473 | $13,837 | $19,207 |
| Current Assets | $7,931,483 | $3,749,385 | $8,200,306 | $25,568,953 |
| Prepaid Assets | $4,891,442 | $1,078,674 | $1,525,844 | $1,113,630 |
| Inventory | $2,824,353 | $2,213,311 | $4,932,642 | $2,626,451 |
| Receivables | $53,786 | $88,263 | $367,653 | $402,408 |
| Other Receivables | $17,415 | $41,265 | $79,175 | $120,634 |
| Accounts Receivable | $36,371 | $46,998 | $288,478 | $103,397 |
| Allowance For Doubtful Accounts Receivable | $-367 | $-532 | $-2,914 | $-1,044 |
| Gross Accounts Receivable | $36,738 | $47,530 | $291,392 | $104,441 |
| Cash Cash Equivalents And Short Term Investments | $161,902 | $369,137 | $1,374,167 | $6,276,106 |
| Cash And Cash Equivalents | $161,902 | $369,137 | $1,374,167 | $6,276,106 |
| Assets Held For Sale Current | - | - | $0 | $15,150,358 |
| Taxes Receivable | - | - | $0 | $299,011 |
| Other Non Current Assets | - | - | - | $37,656 |
| Non Current Prepaid Assets | - | - | - | $72,651 |
| Non Current Deferred Assets | - | - | - | $0 |
| Non Current Deferred Taxes Assets | - | - | - | $0 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $434,497 | - | - | - |
| Total Debt | $2,116,328 | $2,111,669 | $2,857,814 | $3,458,851 |
| Long Term Debt And Capital Lease Obligation | $968,570 | $1,409,684 | $2,121,386 | $2,727,567 |
| Long Term Debt | $197,828 | $147,428 | $150,000 | $150,000 |
| Current Debt And Capital Lease Obligation | $1,147,758 | $701,985 | $736,428 | $731,284 |
| Current Debt | $398,571 | - | - | - |
| Other Current Borrowings | $398,571 | - | - | - |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $6,793,889 | $5,742,124 | $4,921,666 | $6,085,436 |
| Total Non Current Liabilities Net Minority Interest | $968,570 | $2,052,796 | $3,278,989 | $4,271,039 |
| Tradeand Other Payables Non Current | $0 | $643,112 | $1,157,603 | $1,543,472 |
| Current Liabilities | $5,825,319 | $3,689,328 | $1,642,677 | $1,814,397 |
| Current Deferred Liabilities | $413,583 | $306,532 | $170,139 | $394,376 |
| Payables And Accrued Expenses | $4,248,875 | $2,653,266 | $697,761 | $684,442 |
| Payables | $3,576,617 | $1,727,383 | $343,727 | $371,486 |
| Other Payable | $995,672 | $147,233 | $21,837 | $13,124 |
| Total Tax Payable | $1,852,399 | $1,150,105 | $629 | $0 |
| Income Tax Payable | $1,852,399 | $1,150,105 | $629 | $0 |
| Accounts Payable | $728,546 | $430,045 | $321,261 | $358,362 |
| Other Current Liabilities | - | $27,545 | $38,349 | $4,295 |
| Interest Payable | - | $0 | $621 | $3,696 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $3,123,514 | $496,354 | $6,611,830 | $23,444,188 |
| Total Equity Gross Minority Interest | $3,123,514 | $496,354 | $6,611,830 | $23,444,188 |
| Stockholders Equity | $3,123,514 | $496,354 | $6,611,830 | $23,444,188 |
| Gains Losses Not Affecting Retained Earnings | $522,146 | $521,425 | $77,242 | $381,850 |
| Other Equity Adjustments | $522,146 | $521,425 | $77,242 | $381,850 |
| Retained Earnings | $-49,991,515 | $-44,429,810 | $-36,706,553 | $-19,604,882 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $7,301,206 | $1,917,706 | $1,423,836 | $1,367,348 |
| Share Issued | $7,301,206 | $1,917,706 | $1,423,836 | $1,367,348 |
| Tangible Book Value | $2,901,799 | $269,275 | $6,379,387 | $23,206,375 |
| Invested Capital | $3,719,913 | $643,782 | $6,761,830 | $23,594,188 |
| Working Capital | $2,106,164 | $60,057 | $6,557,629 | $23,754,556 |
| Capital Lease Obligations | $1,519,929 | $1,964,241 | $2,707,814 | $3,308,851 |
| Total Capitalization | $3,321,342 | $643,782 | $6,761,830 | $23,594,188 |
| Additional Paid In Capital | $52,585,582 | $44,402,821 | $43,239,701 | $42,660,383 |
| Capital Stock | $7,301 | $1,918 | $1,440 | $6,837 |
| Common Stock | $7,301 | $1,918 | $1,440 | $6,837 |
| Long Term Capital Lease Obligation | $770,742 | $1,262,256 | $1,971,386 | $2,577,567 |
| Current Deferred Revenue | $413,583 | $306,532 | $170,139 | $394,376 |
| Current Capital Lease Obligation | $749,187 | $701,985 | $736,428 | $731,284 |
| Current Provisions | $15,103 | $27,545 | $38,349 | - |
| Current Accrued Expenses | $672,258 | $925,883 | $354,034 | $312,956 |
| Goodwill | $218,606 | $218,606 | $218,606 | $218,606 |
| Net PPE | $1,764,205 | $2,262,014 | $3,100,747 | $3,685,202 |
| Accumulated Depreciation | $-406,517 | $-345,916 | $-300,646 | $-436,280 |
| Gross PPE | $2,170,722 | $2,607,930 | $3,401,393 | $4,121,482 |
| Construction In Progress | $52,523 | $69,992 | $71,146 | $72,651 |
| Other Properties | $1,846,784 | $2,282,586 | $3,053,680 | $3,645,736 |
| Machinery Furniture Equipment | $271,415 | $255,352 | $276,567 | $403,095 |
| Finished Goods | $2,824,353 | $2,213,311 | $4,932,642 | $2,626,451 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $-1,405,900 | $-1,580,247 | $-5,376,422 | $-4,892,873 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $-1,391,779 | $-1,580,247 | $-5,367,650 | $-4,782,354 |
| Cash Flow From Continuing Operating Activities | $-1,391,779 | $-1,580,247 | $-5,489,421 | $-4,887,564 |
| Cash From Discontinued Operating Activities | - | $0 | $121,771 | $105,210 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-14,121 | - | $-8,772 | $-110,519 |
| Investing Cash Flow | $-14,121 | $18,643 | $-8,772 | $-154,820 |
| Cash Flow From Continuing Investing Activities | $-14,121 | $18,643 | $-8,772 | $-110,519 |
| Cash From Discontinued Investing Activities | - | $0 | $0 | $-44,301 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Issuance Of Capital Stock | $750,000 | $0 | $0 | $2,760,974 |
| Financing Cash Flow | $1,175,578 | $0 | $0 | $2,760,974 |
| Cash Flow From Continuing Financing Activities | $1,175,578 | $0 | $0 | $2,760,974 |
| Net Other Financing Charges | $65,578 | - | - | - |
| Net Common Stock Issuance | $750,000 | $0 | $0 | $2,760,974 |
| Common Stock Issuance | $750,000 | $0 | $0 | $2,760,974 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Issuance Of Debt | $360,000 | $0 | - | $0 |
| Interest Paid Supplemental Data | $32,477 | $6,176 | $5,697 | $11,809 |
| Income Tax Paid Supplemental Data | $5,854 | $90,931 | $248,720 | $59,107 |
| End Cash Position | $161,902 | $369,137 | $1,374,167 | $6,276,106 |
| Beginning Cash Position | $369,137 | $1,374,167 | $6,276,106 | $8,744,784 |
| Effect Of Exchange Rate Changes | $23,087 | $556,574 | $474,483 | $-292,478 |
| Changes In Cash | $-230,322 | $-1,561,604 | $-5,376,422 | $-2,176,200 |
| Net Issuance Payments Of Debt | $360,000 | $0 | - | $0 |
| Net Short Term Debt Issuance | $360,000 | $0 | - | - |
| Short Term Debt Issuance | $360,000 | $0 | - | - |
| Net PPE Purchase And Sale | $-14,121 | $18,643 | $-8,772 | $-110,519 |
| Sale Of PPE | $0 | $18,643 | $0 | - |
| Purchase Of PPE | $-14,121 | $0 | $-8,772 | $-110,519 |
| Change In Working Capital | $883,614 | $4,026,840 | $-2,465,821 | $-1,634,904 |
| Change In Other Working Capital | $101,793 | $137,172 | $-224,237 | $133,628 |
| Change In Other Current Liabilities | $-448,808 | $-735,151 | $-586,733 | $-732,088 |
| Change In Payables And Accrued Expense | $923,850 | $1,421,659 | $-88,025 | $-143,866 |
| Change In Accrued Expense | $585,722 | $672,715 | $35,305 | $128,976 |
| Change In Payable | $338,128 | $748,944 | $-123,330 | $-272,842 |
| Change In Account Payable | $298,501 | $108,784 | $-37,101 | $-385,423 |
| Change In Tax Payable | $39,627 | $640,160 | $-86,229 | $112,581 |
| Change In Income Tax Payable | $39,627 | $640,160 | $-86,229 | $112,581 |
| Change In Prepaid Assets | $939,763 | $395,656 | $686,091 | $-325,370 |
| Change In Inventory | $-667,626 | $2,525,732 | $-879,527 | $-803,012 |
| Change In Receivables | $34,642 | $281,772 | $-186,951 | $415,699 |
| Changes In Account Receivables | $10,792 | $243,862 | $-186,951 | $415,699 |
| Other Non Cash Items | $1,962,000 | $675,000 | - | - |
| Stock Based Compensation | $757,692 | $499,631 | $573,923 | $130,089 |
| Provisionand Write Offof Assets | $-165 | $-2,382 | $1,870 | $-4,157 |
| Asset Impairment Charge | $56,583 | $140,131 | $12,904,676 | $0 |
| Depreciation Amortization Depletion | $510,202 | $803,790 | $571,848 | $846,524 |
| Depreciation And Amortization | $510,202 | $803,790 | $571,848 | $846,524 |
| Amortization Cash Flow | $5,364 | - | - | - |
| Amortization Of Intangibles | $5,364 | - | - | - |
| Depreciation | $504,838 | $803,790 | $571,848 | $846,524 |
| Net Income From Continuing Operations | $-5,561,705 | $-7,723,257 | $-17,075,917 | $-4,225,116 |
| Cash Flow From Discontinued Operation | - | $0 | $0 | $0 |
| Change In Other Current Assets | - | $506,133 | $-1,186,439 | $-179,895 |
| Gain Loss On Sale Of PPE | - | - | $0 | $0 |
| Net Long Term Debt Issuance | - | - | - | $0 |
| Long Term Debt Issuance | - | - | - | $0 |
| Net Business Purchase And Sale | - | - | - | $0 |
| Sale Of Business | - | - | - | $0 |
| Deferred Tax | - | - | - | $0 |
| Deferred Income Tax | - | - | - | $0 |