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XMax Inc. engages in the design, manufacture, marketing, and sale of residential and commercial furniture for designers, distributors, and retailers in the United States and internationally. Its furniture products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company sells its furniture products under the Nova LifeStyle, Diamond Sofa, and Nova Living brands directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily. The company also offers enterprise AI infrastructure and Model-as-a-Service solutions enabling businesses to integrate large language model capabilities into their core operations through cloud-based inference APIs. The company was formerly known as Nova LifeStyle, Inc. and changed its name to XMax Inc. in November 2025. XMax Inc. was founded in 2003 and is headquartered in Commerce, California.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Income before tax | -4.00M | -5.56M | -6.99M | -17.07M |
| Net income | -3.42M | -5.56M | -7.72M | -17.10M |
| Selling general administrative | 4.74M | 7.61M | 7.47M | 8.43M |
| Selling and marketing expenses | 1.38M | - | - | - |
| Gross profit | 4.18M | 4.25M | 4.17M | -7.78M |
| Reconciled depreciation | 0.88M | 0.51M | 0.80M | 0.57M |
| Ebit | -3.92M | - | - | - |
| Ebitda | -3.04M | - | - | - |
| Depreciation and amortization | 0.88M | - | - | - |
| Operating income | -1.93M | -5.36M | -6.42M | -16.22M |
| Other operating expenses | 18.65M | - | - | - |
| Interest expense | 0.08M | 0.03M | 0.01M | - |
| Tax provision | -0.58M | 0.00M | 0.73M | 0.00M |
| Net interest income | -0.26M | -0.21M | -0.18M | -0.21M |
| Income tax expense | -0.58M | - | - | - |
| Total revenue | 16.72M | 9.69M | 11.09M | 12.74M |
| Total operating expenses | 6.11M | 15.05M | 17.51M | 28.97M |
| Cost of revenue | 12.54M | 5.44M | 6.91M | 20.53M |
| Total other income expense net | -2.07M | 0.02M | -0.40M | -0.64M |
| Net income from continuing ops | -3.42M | -5.56M | -7.72M | -17.08M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Total assets | 35.55M | 9.92M | 6.24M | 11.53M |
| Intangible assets | - | 0.00M | 0.01M | 0.01M |
| Other current assets | 0.46M | - | - | - |
| Total liab | 7.59M | 6.79M | 5.74M | 4.92M |
| Total stockholder equity | 27.96M | 3.12M | 0.50M | 6.61M |
| Other current liab | 0.99M | - | 0.03M | 0.04M |
| Common stock | 0.04M | - | - | - |
| Capital stock | 0.04M | 0.01M | 0.00M | 0.00M |
| Retained earnings | -53.41M | -49.99M | -44.43M | -36.71M |
| Good will | 0.00M | 0.22M | 0.22M | 0.22M |
| Cash | 6.71M | 0.16M | 0.37M | 1.37M |
| Total current liabilities | 2.39M | 5.83M | 3.69M | 1.64M |
| Current deferred revenue | 0.06M | - | - | - |
| Net debt | -0.50M | 0.43M | - | - |
| Short term debt | 1.01M | - | - | - |
| Short long term debt | 0.40M | 0.40M | - | - |
| Short long term debt total | 6.21M | - | - | - |
| Other stockholder equity | 80.82M | - | - | - |
| Total current assets | 11.78M | 7.93M | 3.75M | 8.20M |
| Long term investments | 23.10M | 0.00M | - | - |
| Net receivables | 2.45M | 0.04M | 0.05M | 0.29M |
| Long term debt | 5.18M | 0.20M | 0.15M | 0.15M |
| Inventory | 2.16M | 2.82M | 2.21M | 4.93M |
| Accounts payable | 0.33M | 0.73M | 0.43M | 0.32M |
| Accumulated other comprehensive income | 0.50M | - | - | - |
| Non current assets total | 23.76M | 1.99M | 2.49M | 3.33M |
| Capital lease obligations | 0.63M | 1.52M | 1.96M | 2.71M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Investments | -22.81M | 0.00M | - | - |
| Total cashflows from investing activities | -22.81M | - | - | - |
| Net borrowings | 5.09M | 0.36M | 0.00M | - |
| Total cash from financing activities | 29.75M | 1.18M | 0.00M | 0.00M |
| Net income | -3.42M | -5.56M | -7.72M | -17.10M |
| Change in cash | 6.55M | -0.21M | -1.01M | -4.90M |
| Begin period cash flow | 0.16M | 0.37M | 1.37M | 6.28M |
| End period cash flow | 6.71M | 0.16M | 0.37M | 1.37M |
| Total cash from operating activities | -0.45M | -1.39M | -1.58M | -5.37M |
| Issuance of capital stock | 24.67M | 0.75M | 0.00M | 0.00M |
| Depreciation | 0.88M | 0.51M | 0.80M | 0.57M |
| Dividends paid | 0.00M | 0.00M | - | - |
| Change to inventory | 0.65M | -0.67M | 2.53M | -0.88M |
| Change to account receivables | -2.41M | 0.01M | 0.24M | -0.19M |
| Other cashflows from financing activities | -0.01M | - | - | - |
| Capital expenditures | 0.00M | 0.01M | 0.00M | 0.01M |
| Change in working capital | -1.42M | 0.88M | 4.03M | -2.47M |
| Stock based compensation | 3.39M | 0.76M | 0.50M | 0.57M |
| Other non cash items | 0.12M | 1.96M | 0.68M | - |
| Free cash flow | -0.45M | -1.41M | -1.58M | -5.38M |
Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| XMAX XMax Inc. |
0.18 4.49% |
4.19 | 17.75 | - | 35.68 | 5.36 | 33.69 | -0.60 |
| MGCLY Midea Group Co., Ltd. |
0.10 0.81% |
12.37 | 14.58 | 12.58 | 0.21 | 3.06 | 1.38 | 9.81 |
| HSHCY Haier Smart Home Co. Ltd |
0.30 2.98% |
10.36 | 9.24 | 8.53 | 0.08 | 1.39 | 0.59 | 5.39 |
| HRSHF Haier Smart Home Co. Ltd |
0.15 6.12% |
2.60 | 8.97 | 8.35 | 0.08 | 1.36 | 0.58 | 5.38 |
| SN SharkNinja, Inc. |
-9.60 4.50% |
203.62 | 34.59 | 23.26 | 3.41 | 8.40 | 3.48 | 22.40 |
XMax Inc. engages in the design, manufacture, marketing, and sale of residential and commercial furniture for designers, distributors, and retailers in the United States and internationally. Its furniture products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company sells its furniture products under the Nova LifeStyle, Diamond Sofa, and Nova Living brands directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily. The company also offers enterprise AI infrastructure and Model-as-a-Service solutions enabling businesses to integrate large language model capabilities into their core operations through cloud-based inference APIs. The company was formerly known as Nova LifeStyle, Inc. and changed its name to XMax Inc. in November 2025. XMax Inc. was founded in 2003 and is headquartered in Commerce, California.
6565 East Washington Boulevard, Commerce, CA, United States, 90040
323 888 9999
22
| Name | Title | Year Born |
|---|---|---|
| Mr. Xiaohua Lu | CEO & Director | 1979 |
| Mr. Jeffery Chuang | Chief Financial Officer | 1970 |
| Mr. Yizhou Zhao | COO, Corporate Secretary & Director | 1998 |
| Mr. Mark Chapman | Vice President of Marketing | 1969 |
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