Xmax, Inc. (XWIN)
NASDAQ:XWIN
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XMAX
(NASDAQ:XWIN)
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Rating:48Neutral
Price Target:
$8.00
▲(46.52% Upside)
Action:ReiteratedDate:04/30/26
The score is held down primarily by persistent losses and ongoing cash burn, only partly offset by an improved balance sheet and fresh capital raises. Technically, the stock is in an uptrend but looks overbought, while valuation offers limited support given negative earnings and no dividend.
Positive Factors
Capital Raises / Liquidity
A sizable $31.1M private placement materially boosts liquidity and extends runway, reducing immediate solvency risk and enabling funding for strategic initiatives. This durable capital base supports multi-month execution of AI platform builds and other transformations without relying on short-term credit.
Negative Factors
Persistent Cash Burn
Chronic negative operating and free cash flow means the business does not self-fund its operations. Over months, this forces ongoing external financing, increases execution risk for long-term initiatives, and exposes the company to market-access shocks if capital windows narrow.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital Raises / Liquidity
A sizable $31.1M private placement materially boosts liquidity and extends runway, reducing immediate solvency risk and enabling funding for strategic initiatives. This durable capital base supports multi-month execution of AI platform builds and other transformations without relying on short-term credit.
Read all positive factors
XMAX (XWIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$512.63M
Dividend YieldN/A
Average Volume (3M)693.84K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue Growth72.63%
EPS Growth90.92%
CountryUS
Employees27
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.15
Shares Outstanding63,602,325
10 Day Avg. Volume929,863
30 Day Avg. Volume693,842
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)4.44
Price to Sales (P/S)7.42
P/FCF Ratio-278.37
Enterprise Value/Market Cap0.75
Enterprise Value/Revenue22.85
Enterprise Value/Gross Profit91.33
Enterprise Value/Ebitda-125.72
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
XMAX Business Overview & Revenue Model
Company Description
XMAX, Inc. engages in design, marketing, and manufacture of modern home furniture. The firm offers living room, urban dining, bedroom, and nova qwik products. It sells its products under the brand name Nova and Diamond Sofa. The company was founde...
XMAX Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.72M | 9.69M | 11.09M | 12.74M | 12.56M |
| Gross Profit | 4.18M | 4.25M | 4.17M | -7.78M | 5.52M |
| EBITDA | -3.04M | -5.02M | -6.18M | -15.65M | -3.01M |
| Net Income | -3.42M | -5.56M | -7.72M | -17.10M | -19.96M |
Balance Sheet | |||||
| Total Assets | 35.55M | 9.92M | 6.24M | 11.53M | 29.53M |
| Cash, Cash Equivalents and Short-Term Investments | 6.71M | 161.90K | 369.14K | 1.37M | 6.28M |
| Total Debt | 6.21M | 2.12M | 2.11M | 2.86M | 3.46M |
| Total Liabilities | 7.59M | 6.79M | 5.74M | 4.92M | 6.09M |
| Stockholders Equity | 27.96M | 3.12M | 496.35K | 6.61M | 23.44M |
Cash Flow | |||||
| Free Cash Flow | -445.84K | -1.41M | -1.58M | -5.38M | -4.89M |
| Operating Cash Flow | -445.84K | -1.39M | -1.58M | -5.37M | -4.78M |
| Investing Cash Flow | -22.81M | -14.12K | 18.64K | -8.77K | -154.82K |
| Financing Cash Flow | 29.75M | 1.18M | 0.00 | 0.00 | 2.76M |
XMAX Technical Analysis
5.46
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XWIN, the sentiment is undefined. The current price of 5.46 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for XWIN.
XMAX Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
Performance Comparison
XMAX Corporate Events
Private Placements and Financing
XMAX Raises Capital Through Private Equity Share Placement
Positive
Apr 29, 2026
On April 24, 2026, XMax Inc. entered into securities purchase agreements with six non-U.S. investors to sell 8,550,000 shares of its common stock at $3.64 per share in a private placement, raising an aggregate $31,122,000. The transaction, conduct...
Business Operations and Strategy
XMax AI Secures Major Cloud Services Infrastructure Agreement
Positive
Apr 28, 2026
On April 22, 2026, XMax AI Inc. signed a Cloud Services Agreement with SuperX AI Technology USA under which SuperX will supply cloud computing resources, API access to large language models, and value-added services such as architecture design, op...
Executive/Board Changes
XMAX Renews CEO Employment Agreement, Extending Leadership Stability
Positive
Apr 22, 2026
On April 21, 2026, XMax Inc. renewed the employment agreement with its Chief Executive Officer, Xiaohua Lu, extending his role for another one-year term subject to potential further renewal. Under the renewed terms, Lu will receive an annual salar...
Business Operations and StrategyPrivate Placements and Financing
XMax Expands SpaceX Exposure Through New Fund Investment
Positive
Apr 21, 2026
On April 15, 2026, Xmax Beta Holdings Ltd., an indirectly wholly owned subsidiary of XMax Inc., entered into and completed a subscription agreement with Preamble X Capital I, increasing its investment by $5.45 million and raising its interest in t...
Business Operations and StrategyPrivate Placements and Financing
XMax Raises Equity via International Private Share Placement
Positive
Apr 16, 2026
On April 13, 2026, XMax Inc. entered into securities purchase agreements with 22 non-U.S. investors to sell 462,500 shares of its common stock in a private placement at $6.705 per share. The transaction, totaling approximately $3.1 million, is bei...
Business Operations and StrategyProduct-Related Announcements
XMax Launches Strategic Cloud-Based AI Platform Initiative
Positive
Apr 8, 2026
On April 6, 2026, XMax AI Inc., a wholly owned subsidiary of XMax Inc., signed a US$400,000 agreement with Cloud Alliance Inc. to develop and deploy a cloud-based AI inference platform on Amazon Web Services, following which XMax announced the pro...
Business Operations and StrategyPrivate Placements and Financing
XMax Raises Capital via Private Regulation S Placement
Positive
Apr 1, 2026
On March 30, 2026, XMax Inc. entered into a Securities Purchase Agreement with Malaysian-based StratoCore Solutions Ltd. for a private placement of 1,958,000 shares of XMax common stock at $3.575 per share, totaling approximately $6.999 million in...
Business Operations and Strategy
XMax Announces Strategic Expansion into Artificial Intelligence Sector
Positive
Mar 24, 2026
On March 24, 2026, XMax Inc. announced that its board had approved a strategic expansion into artificial intelligence while maintaining and developing its core furniture operations. The move is aimed at diversifying revenue and positioning the com...
Private Placements and FinancingRegulatory Filings and Compliance
XMax Announces Registered Direct Common Stock Offering
Positive
Mar 11, 2026
On March 9, 2026, XMax Inc. entered into a Securities Purchase Agreement with institutional purchasers for a registered direct offering of 8,500,000 shares of its common stock at $4.23 per share. The transaction is expected to generate gross proce...
Business Operations and StrategyPrivate Placements and Financing
XMax Deepens xAI Exposure via New Subscription Agreement
Positive
Feb 6, 2026
On February 4, 2026, Xmax Beta Holdings Ltd., an indirectly wholly owned Cayman Islands subsidiary of XMax Inc., entered into and completed a subscription agreement with Preamble X Capital I, investing an additional US$3,048,773.60 to raise its ow...
Business Operations and StrategyPrivate Placements and Financing
XMax Provides $5.3 Million Short-Term Loan Facility
Neutral
Feb 3, 2026
On January 28, 2026, XMax Inc., acting as lender, entered into a loan agreement with Hong Kong-based Joycheer Trade Limited, under which XMax agreed to provide a $5.3 million loan bearing 6% annual interest and maturing one year from the funding d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.