Fiscal Year 2025 Financial Highlights
Net Sales: $16.7 million, up 73% from $9.7 million in fiscal year 2024
Gross Profit: $4.2 million, representing a 25% gross margin and a decrease from gross profit of $4.25 million and gross margin of 44% for fiscal year 2024
Net Loss: $(3.4) million, improved from $(5.6) million in fiscal year 2024
Cash and Cash Equivalents: $6.7 million as of December 31, 2025, compared to $0.2 million at December 31, 2024
Working Capital: $9.9 million as of December 31, 2025, up from $2.1 million at December 31, 2024
Key Developments
Strategic Expansion into Artificial Intelligence
In March 2026, XMax's Board of Directors approved a strategic expansion into artificial intelligence (AI) while continuing to operate and develop its existing furniture business. The initiative is designed to diversify revenue streams and position the Company for long-term growth amid challenging conditions in the furniture market.
Under the new strategy, the Company plans to enter several high-growth AI segments, including:
AI software and hardware development
Cloud and GPU compute infrastructure
AI model access and orchestration
Enterprise-focused AI agent deployment
On April 2, 2026, the Company formally established a wholly owned subsidiary, XMax AI Inc. On April 6, 2026, XMax AI Inc. entered into an agreement with CLOUD ALLIANCE INC to develop and deploy a cloud-based AI inference platform to the Amazon Web Services (AWS) cloud environment designated by XMax AI. The platform is designed to support ...