XMax Q3 net loss widens to $9 million; Q3 revenue falls 34% to $6.4 million
- XMax's third-quarter 2026 net loss widened to $9 million, primarily driven by a $10.5 million non-cash unrealized loss on Preamble Capital.
- Revenue fell 34% year over year to $6.4 million, while furniture revenue dropped 81% to $1.9 million.
- API-based services generated $4.5 million in revenue during their first full quarter, operating approximately at break-even at the gross level.
- An October agreement secured dedicated NVIDIA B300 GPU capacity of up to 512 GPUs, subject to closing conditions.
- A share repurchase program authorized in October allows purchases totaling up to $30 million at prices below $5.50 per share.
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 GlobeNewswire (Ref. ID: 202611131635PRIMZONEFULLFEED9877606) on November 13, 2026, and is solely responsible for the information contained therein.