XMAX Inc

XMAX

Market cap $569M

Company Reports Net Income of $0.2 Million and Continued Strategic Expansion into Artificial Intelligence Company Reports Net Income of $0.2 Million and Continued Strategic Expansion into Artificial Intelligence

LOS ANGELES, May 12, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, the “Company” or “XMax”) today announced that its ticker symbol will change from “XWIN” to “XMAX,” effective at market open on May 18, 2026. The Company's common stock will continue to trade on NASDAQ under the new ticker symbol “XMAX.”

LOS ANGELES, May 01, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, the “Company” or “XMax”) today announced that its wholly owned subsidiary, XMax AI Inc., has entered into an API Model Procurement Agreement (the “Agreement”) to provide its customers access to XMax's artificial intelligence models through API-based (Application Programming Interface) services. The total price of the agreement is approximately $4.8 million, with monthly payments of $400,000 to XMax AI, Inc. The actual pricing may vary depending on the customer's usage of AI model services.

LOS ANGELES, April 30, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ:XWIN, the “Company” or “XMax”)), today announced the successful launch of its AI Inference Platform through its wholly owned subsidiary, XMax AI Inc., along with two new websites: ai.xmax.com , dedicated to its AI platform services, and xmax.com , the Company's new corporate website. These launches mark a significant milestone in XMax's strategic expansion into the AI inference platform business.

XWIN posts 73% y/y revenue growth and a narrower loss in 2025, but margins shrink as the company pivots toward AI and its stock underperforms the broader market.

LOS ANGELES, March 24, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, “XMax” or the “Company”) today announced that its Board of Directors has 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.

XMax has shifted its sales mix to higher-priced marble slabs, driving revenue but worsening unit economics and declining gross profits. Recent fundraising concluded, and with some more to come in, it's nice, but a $5.3M loan to Joycheer Trade Limited raises concerns over capital allocation given cash burn. XWIN's operating losses narrowed primarily due to the cessation of R&D expenses; profitability still requires significant scale and better margins.

LOS ANGELES, Nov. 26, 2025 (GLOBE NEWSWIRE) -- XMax Inc., a Nevada corporation (“XMax” or the “Company”) (NASDAQ: XWIN) today announced that the Company, through its indirectly wholly owned subsidiary, has invested approximately US$5.60 million to subscribe 99.82% interest in Preamble Capital I, A Series of CGF2021 LLC. On November 24, 2025, Preamble Capital I completed the acquisition of 39.7% interest in a certain fund which holds 55,629 shares of Class A Common Stock and 3,781 shares of Class C Common Stock of Space Exploration Technologies Corp., a Texas corporation ("SpaceX").

Transaction Underscores ATIS's Execution Expertise in Tech-Driven Consumer Sectors NEW YORK , Sept. 5, 2025 /PRNewswire/ -- American Trust Investment Services, Inc. (ATIS) is pleased to announce that it served as the exclusive placement agent for Nova LifeStyle, Inc. (NASDAQ: NVFY) in connection with its follow-on public offering.

LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (Nasdaq: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the closing of its best-efforts public offering of 9,836,054 shares of common stock (the “Common Stock”) and 19,672,108 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common Stock was sold together with two Warrants, with each Warrant to purchase one share of Common Stock. Each Warrant is exercisable immediately with an exercise price equal to 120% of the offering price ($1.098 per share), and expires on the fifth anniversary of the issuance date, subject to certain adjustments.