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.
XMax Inc.Q2 earnings showed operating loss widened and furniture sales fell, despite AI revenue push.