XMax Inc. reported net sales of $9.8 million for the three months ended September 30, 2025, compared to $2.6 million for the same period in 2024. Gross profit was $1.0 million, down from $1.2 million in the prior year. Cost of sales increased to $8.8 million, representing 90% of sales, compared to $1.4 million or 55% of sales in 2024. Operating expenses were $1.5 million, a decrease from $3.6 million in the previous year. The company recognizes revenue at the point in time when promised goods are delivered to customers. The subsidiary in Malaysia continues to use the Malaysian Ringgit as its functional currency.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XMax Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-023548), on November 14, 2025, and is solely responsible for the information contained therein.