Quarterly ResultApr 15, 2026, 04:32 PM
XMax Inc. Net Sales Up 73% to $16.7M in FY2025; Expands into AI
AI Summary
XMax Inc. reported a 73% increase in net sales to $16.7 million for fiscal year 2025, with net loss improving to $(3.4) million from $(5.6) million. The company also significantly strengthened its balance sheet, with cash rising to $6.7 million and stockholders' equity to $28.0 million. Concurrently, XMax announced a strategic expansion into artificial intelligence, establishing a new subsidiary, XMax AI Inc., and partnering with CLOUD ALLIANCE INC to develop a cloud-based AI inference platform.
Key Highlights
- Net sales increased 73% to $16.7 million in fiscal year 2025.
- Net loss improved to $(3.4) million from $(5.6) million in FY2024.
- Cash and cash equivalents grew to $6.7 million from $0.2 million.
- Gross margin decreased to 25% from 44% in fiscal year 2024.
- Established XMax AI Inc. subsidiary and partnered with CLOUD ALLIANCE INC for AI platform.