GAXOS.AI INC.

Gaxos.ai Inc. announced record financial results for the second quarter ended June 30, 2026, with consolidated revenue reaching $2.46 million, marking a 35.8% sequential increase and a 1,337% year-over-year surge. The company reported GAAP net income of $241,056, or $0.02 per share, largely due to the sale of its gaming assets. Gaxos also highlighted improved marketing efficiency, with revenue generated per advertising dollar increasing by approximately 20% to $0.78.

Gaxos.ai Inc. reported record consolidated revenue of $2.46 million for Q2 2026, marking a 35.8% sequential increase and a 1,337% year-over-year surge. The company achieved GAAP net income of $241,056, or $0.02 per share, largely due to the sale of its gaming assets. Gaxos significantly improved its marketing efficiency, with revenue per advertising dollar increasing by 20% to $0.78, as revenue growth substantially outpaced advertising expense growth. The company also maintained a strong liquidity position with $11.44 million in cash and short-term investments.

Gaxos.ai Inc. held its 2026 Annual Meeting of Shareholders where several key proposals were approved. Shareholders granted the Board of Directors authority to effect a reverse stock split at a ratio between 1-for-2 and 1-for-50. Additionally, an amendment to the 2022 Omnibus Equity Incentive Plan was approved, increasing the number of shares reserved for issuance to 1,000,000 from 803,637. All four director nominees were re-elected, and Salberg & Company, P.A. was ratified as the independent auditor for the fiscal year ending December 31, 2026.

Gaxos.ai Inc. announced that its Board of Directors has authorized a new share repurchase program, allowing the company to buy back up to $1,000,000 of its common stock. CEO Vadim Mats stated that the decision reflects the board's belief that the current stock price undervalues the company and aims to capture additional value for shareholders. The timing and execution of the program will be subject to market conditions, liquidity, and regulatory limitations, and the program remains discretionary.

Gaxos.ai Inc. has completed the divestment of its gaming assets, including Gaxos Gaming Labs, to Game Foundry AI, receiving 2.2 million shares valued at approximately $1.76 million. This strategic realignment focuses the company's resources on its commercially proven consumer and enterprise AI applications from Gaxos Labs and personalized health products from RNK Health. The company reported a significant revenue increase in Q1 2026 to $1.81 million, up from $24,000 in Q1 2025, driven by $1.25 million from RNK Health and $563,000 from Gaxos Labs subscriptions. CEO Vadim Mats emphasized focused execution, growing recurring revenue, improving customer acquisition efficiency, and disciplined capital allocation.

Gaxos.ai Inc. announced its 2026 Annual Meeting of Shareholders to be held on August 11, 2026. Key proposals for shareholder vote include the election of four directors, ratification of the independent auditor, and an amendment to increase shares reserved under the 2022 Omnibus Equity Incentive Plan. Additionally, shareholders will vote on a proposal to grant the Board authority to effect a reverse stock split at a ratio between 1-for-2 and 1-for-50.

Gaxos.ai Inc. has completed the sale of substantially all its gaming assets, including its mobile game portfolio and Gaxos Gaming Lab, to Game Foundry AI. The transaction, valued at an estimated $1.76 million, was an all-stock deal where Gaxos.ai received 2,200,000 shares of Game Foundry AI common stock. This divestment is part of Gaxos.ai's strategy to streamline operations and focus on its revenue-generating AI business lines and higher-margin opportunities. Additionally, Gaxos.ai acquired 250,000 shares of Game Foundry AI for $200,000.

Gaxos.ai Inc. announced the completion of the sale of its gaming assets, including its mobile game portfolio and Gaxos Gaming Labs, to Game Foundry AI. The transaction was an all-stock deal valued at approximately $1.76 million. This divestment is part of Gaxos' strategy to streamline operations and focus on higher-margin, revenue-generating AI business lines. Additionally, Gaxos acquired 250,000 shares of Game Foundry AI for $200,000.

Gaxos.ai Inc. announced that Amazon Web Services (AWS) has committed additional funding to accelerate the development of Gaxos Labs' AI-powered sales coaching platform. This support strengthens Gaxos.ai's entry into the sales technology market and advances its strategy for enterprise-grade AI applications. The initiative, in collaboration with Caylent, an AWS Premier Tier Services Partner, will develop a real-time AI sales coaching platform featuring live call transcription, automated coaching intelligence, and post-call analytics.

GAXOS.AI Inc. filed an Amendment No. 1 to its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The amendment was filed solely to correct an inadvertent error in the Section 302 Certifications regarding the number of common shares outstanding. The outstanding shares as of May 13, 2026, were revised from 7,123,453 to 10,219,934. No other changes were made to the original filing.