-+ 0.00%
-+ 0.00%
-+ 0.00%
XMax Q2 FY26 net income turns to profit at $32.4 million; net sales rise 7% to $2.7 million
Share
Listen to the news
XMax Q2 FY26 net income turns to profit at $32.4 million; net sales rise 7% to $2.7 million
  • XMax posted Q2 2026 net sales of USD 2.7 million, up 7% from a year earlier.
  • Net income swung to USD 32.4 million from a net loss of USD 0.3 million, driven mainly by a USD 42.1 million unrealized gain.
  • Gross profit fell to USD 1.1 million; gross margin narrowed 10 percentage points to 40% on the initial cost mix of new AI services.
  • Cash and cash equivalents climbed to USD 34.6 million as of June 30, 2026; working capital rose to USD 45.3 million.
  • Management said it launched an API platform, generated first AI-related revenue, and is scaling AI services via U.S. and Singapore subsidiaries.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XMax Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608141630PRIMZONEFULLFEED9810644) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending