XMax Q2 FY26 net income turns to profit at $32.4 million; net sales rise 7% to $2.7 million
Reuters2026/08/14 20:31- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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