XMax Inc. XMAX
Inc. (the "Company"), formerly known as Nova LifeStyle, Inc. and Stevens Resources, Inc, is a U.S.-headquartered innovative
designer and distributor of contemporary styled residential and commercial furniture incorporated into a dynamic marketing and sales
platform offering retail as well as online selection and global purchase fulfillment. We were incorporated in the State of Nevada on
September 9, 2009. The Company's products are marketed through wholesale and retail channels as well as various online platforms
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7M | $9.7M | $11.1M | $12.7M | $12.6M | $11.4M | $22.0M | $81.2M | $106.5M | $92.6M |
| Cost of revenue | $12.5M | $5.4M | $6.9M | $20.5M | $7.0M | $31.2M | $20.7M | $65.8M | $86.1M | $79.1M |
| Gross profit | $4.2M | $4.2M | $4.2M | -$7.8M | $5.5M | -$19.9M | $1.3M | $15.4M | $20.4M | $13.5M |
| R&D | — | $2.0M | $3.1M | $10.9K | $110.3K | $33.7K | — | — | — | — |
| SG&A | $4.7M | $6.1M | $5.1M | $5.5M | $5.7M | $4.7M | $5.5M | $6.6M | $9.5M | $9.0M |
| Total operating expenses | $6.1M | $9.6M | $10.6M | $8.4M | $9.4M | $6.4M | $7.1M | $10.5M | $13.6M | $14.3M |
| Operating income | -$1.9M | -$5.4M | -$6.4M | -$16.2M | -$3.9M | -$26.3M | -$5.8M | $4.8M | $6.8M | -$766.1K |
| Interest expense | $77.1K | $31.2K | $9.5K | $25.2K | $123.1K | $17.8K | $25.9K | $170.3K | $174.3K | $283.8K |
| Pre-tax income | -$4.0M | -$5.6M | -$7.0M | -$17.1M | -$4.1M | -$26.4M | -$5.9M | $4.5M | $6.5M | -$1.1M |
| Income tax | $581.0K | $2.6K | $731.1K | $2.4K | $163.9K | $649.2K | $251.0K | $738.8K | $2.8M | $836.6K |
| Net income | -$3.4M | -$5.6M | -$7.7M | -$17.1M | -$20.0M | -$26.1M | -$8.6M | $5.3M | $3.8M | -$1.1M |
| EPS, basic | -0.17 | -1.48 | -4.96 | -12.34 | -3.27 | -4.54 | -1.52 | 0.93 | 0.14 | -0.04 |
| EPS, diluted | -0.17 | -1.48 | -4.96 | -12.34 | -3.27 | -4.54 | -1.52 | 0.93 | 0.14 | -0.04 |
| Shares, diluted (wtd. avg.) | $20.7M | $3.8M | $1.6M | $1.4M | $6.1M | $5.7M | $5.7M | $5.7M | $27.8M | $25.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.7M | $161.9K | $369.1K | $1.4M | $6.3M | $8.7M | $7.4M | $243.6K | $5.7M | $2.6M |
| Receivables | $2.4M | $36.4K | $47.0K | $288.5K | $103.4K | $514.9K | $390.2K | $66.6M | $54.0M | $42.1M |
| Inventory | $2.2M | $4.7M | $2.2M | $4.9M | $2.6M | $32.8M | $29.7M | $6.4M | $6.4M | $2.8M |
| Total current assets | $11.8M | $7.9M | $3.7M | $8.2M | $25.6M | $43.3M | $68.5M | $85.4M | $74.9M | $70.0M |
| Property, plant and equipment | $21.9K | $252.2K | $287.7K | $368.6K | $453.8K | $453.5K | $136.5K | $147.1K | $157.2K | $171.3K |
| Goodwill | — | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K | $218.6K |
| Other intangibles | — | $3.1K | $8.5K | $13.8K | $19.2K | $0 | $0 | $3.8M | $4.2M | $5.7M |
| Total assets | $35.5M | $9.9M | $6.2M | $11.5M | $29.5M | $46.5M | $71.6M | $90.1M | $79.9M | $77.0M |
| Accounts payable | $327.1K | $728.5K | $430.0K | $321.3K | $358.4K | $743.8K | $417.9K | $4.1M | $1.6M | $2.4M |
| Total current liabilities | $2.4M | $5.8M | $3.7M | $1.6M | $1.8M | $2.0M | $1.5M | $11.8M | $2.7M | $11.6M |
| Total liabilities | $7.6M | $6.8M | $5.7M | $4.9M | $6.1M | $5.6M | $5.5M | $15.2M | $11.4M | $13.8M |
| Retained earnings | -$53.4M | -$50.0M | -$44.4M | -$36.7M | -$19.6M | $351.4K | $26.4M | $35.0M | $29.7M | $26.3M |
| Total equity | $28.0M | $3.1M | $496.4K | $6.6M | $23.4M | $40.9M | $66.0M | $74.9M | $68.4M | $63.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$445.8K | -$1.4M | -$1.6M | -$5.4M | -$4.8M | -$2.1M | $14.9M | -$6.9M | -$1.3M | -$6.4M |
| Depreciation and amortisation | $6.8K | $55.5K | $68.4K | $63.2K | $78.7K | $61.9K | $36.5K | $37.7K | $1.5M | $603.2K |
| Stock-based compensation | $3.4M | $746.5K | $499.6K | $573.9K | $130.1K | $157.4K | $369.2K | $1.2M | $2.2M | $1.6M |
| Capital expenditure | — | $14.1K | — | $8.8K | $110.5K | $365.0K | $25.9K | $27.5K | $26.8K | $13.5K |
| Investing cash flow | -$22.8M | -$14.1K | $18.6K | -$8.8K | -$154.8K | $672.8K | -$25.9K | -$27.5K | $8.2M | $6.1M |
| Financing cash flow | $29.8M | $1.2M | — | — | $2.8M | $466.1K | -$6.9M | $2.1M | -$3.8M | $1.9M |
| Buybacks | — | — | — | — | — | $0 | $616.2K | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-017915.
Others in SIC 2510
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SGI | SOMNIGROUP INTERNATIONAL INC. | $14.70B | 38.0x | 51.6% |
| LZB | LA-Z-BOY INC | $1.31B | 13.3x | 0.8% |
| LEG | LEGGETT & PLATT INC | $1.26B | 5.4x | -7.5% |
| CODI | Compass Diversified Holdings | $878.0M | — | 4.8% |
| FLXS | FLEXSTEEL INDUSTRIES INC | $336.2M | 13.5x | 4.1% |
| HOFT | HOOKER FURNISHINGS Corp | $140.9M | — | -12.4% |
| PRPL | Purple Innovation, Inc. | $16.6M | 7.9x | -3.9% |
| NTZ | NATUZZI S P A | — | — | — |