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XMax Inc.

XMax Inc. designs, manufactures, markets, and sells residential and commercial furniture for designers, distributors, and retailers in the United States and internationally. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards, sold under the Nova LifeStyle, Diamond Sofa, and Nova Living brands through direct sales, internet sales and online marketing campaigns, and exhibitions and trade shows. The company also offers enterprise AI infrastructure and Model-as-a-Service solutions that enable businesses to integrate large language model capabilities into their core operations through cloud-based inference APIs. Formerly known as Nova LifeStyle, Inc., it changed its name to XMax Inc. in November 2025, was founded in 2003, and is headquartered in Commerce, California.

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XMax Stock Falls After Q2 Earnings Despite AI Revenue Push

XMax Inc. shares have lost 3.8% since the company reported second-quarter 2026 earnings, underperforming the S&P 500's 2% decline over the same period. Net sales rose 7.1% to $2.7 million, while net income swung to $32.4 million, or 53 cents per share, from a net loss of $289,907, or 2 cents per share, a year earlier, driven by a $42.1 million unrealized gain on its investment in Preamble Capital. Residential and commercial furniture sales fell 35.9% to $1.6 million, while newly launched API-based services generated $1.1 million in revenues. Operating loss widened to $1.2 million from $196,494, as general and administrative expenses jumped 72.3% to $2 million. The company ended June with $34.6 million in cash and cash equivalents, up from $6.7 million at the end of 2025, and announced a proposed joint venture to acquire a 68% stake in a company owned by two professors for $4 million.
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Zacks Investment Research·28dRead more →
Artificial Intelligence▲

XMax Announces Up to Approximately US$25 Million in AI API Service Contracts and Entry into GPU-as-a-Service

XMax Inc. has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately US$25 million, subject to actual usage. The contracts cover enterprise AI model API services, cloud infrastructure integration, and value-added AI platform services, supporting scalable AI inference, secure connectivity, and cloud deployment. The company has also officially entered the GPU-as-a-Service market through its first commercial GPU service agreement, providing dedicated high-performance computing resources for AI training and inference. CEO Mr. Lu stated that these milestones represent meaningful progress in the company's AI growth strategy and establish a commercial foundation for continued expansion.
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Artificial Intelligence ▲Cloud & Digital Infrastructure
GlobeNewswire·84dRead more →
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