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Apr 15, 2026 4:40 PM

XMax Inc. Announces Fiscal Year 2025 Financial Results

COMMERCE, Calif., April 15, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ:XWIN) (formerly Nova LifeStyle, Inc.), a distributor of contemporary styled residential and commercial furniture and new player in artificial intelligence technologies, today announced financial results for the fiscal year ended December 31, 2025.

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 ...