Quarterly ResultMay 15, 2026, 04:43 PM
XMax Q1 Net Income $191K; Sales Down; Equity Up 44%
AI Summary
XMax Inc. reported a net income of $191,514 for the first quarter of 2026, a significant improvement from a net loss of $338,871 in the prior year, primarily driven by a $794,212 unrealized gain on investment in a fund. Despite this, net sales decreased to $1.78 million from $2.64 million year-over-year, and the loss from operations widened. The company's total assets increased to $47.14 million, and stockholders' equity rose to $40.35 million, largely due to $12.20 million in proceeds from issuing common stock.
Key Highlights
- Net income was $191,514 in Q1 2026, compared to a net loss of $338,871 in Q1 2025.
- Net sales decreased to $1.78 million in Q1 2026 from $2.64 million in Q1 2025.
- Total assets increased to $47.14 million as of March 31, 2026, from $35.55 million.
- Stockholders' equity rose to $40.35 million, up from $27.96 million at Dec 31, 2025.
- Company received $12.20 million from issuing common stock in Q1 2026.
- Investment in fund reached $26.95 million, generating an unrealized gain of $0.79 million.
- Cash and cash equivalents increased to $9.91 million from $6.71 million.
- Nova Malaysia completed de-registration and liquidation in Q1 2026.
Price Impact
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