A Business at a Glance
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XMax Inc.
XWIN
$360M
Mkt Cap
XMax Inc. (XWIN) has a 5-year average return on invested capital (ROIC) of -60.7%. This is below average and may indicate limited pricing power.
XMax Inc. (XWIN) has a market capitalization of $258M. It is classified as a small-cap stock.
XMax Inc. (XWIN) does not currently pay a regular dividend.
XMax Inc. (XWIN) operates in the Household Furniture industry, within the Consumer Cyclical sector.
XMax Inc. (XWIN) reported annual revenue of $17 million in its most recent fiscal year, based on SEC EDGAR filings.
XMax Inc. (XWIN) has a net profit margin of -20.4%. The company is currently unprofitable.
XMax Inc. (XWIN) generated $-446 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
XMax Inc. (XWIN) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
Item 1. Business Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”) is a U.S.-headquartered innovative designer and marketer of contemporary styled residential and commercial furniture formerly known as Stevens Resources, Inc. 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 worldwide. Nova LifeStyle’s family of brands includes Nova LifeStyle, Diamond Sofa (www.diamondsofa.com) and Nova Living. Our business strength lies in our abilities to quickly adapt to changing market demand and stay ahead of the latest trends in modern furniture designs. Our customers principally consist of designers, distributors and retailers who cater to mid-level and high-end private label home furnishings that have little product overlap within our specific furnishings products or product lines.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 17M | 17M | 9.7M | 11M | 13M | 13M |
| Net Income | -3.4M | -3.4M | -5.6M | -7.7M | -17M | -20M |
| EPS | $-0.08 | $-0.08 | $-0.25 | $-0.83 | $-10.28 | $-2.73 |
| Free Cash Flow | -446K | -446K | -1.4M | -1.6M | -5.4M | -4.9M |
| ROIC | -5.7% | -21.8% | -91.7% | -226.5% | -113.8% | -15.5% |
| Gross Margin | 25.0% | 25.0% | 43.9% | 37.6% | -61.1% | 44.0% |
| Debt/Equity | 0.20 | 0.20 | 0.53 | 4.25 | 0.74 | 0.26 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | - | - |
| Operating Income | -1.9M | -1.9M | -5.4M | -6.4M | -16M | -3.9M |
| Operating Margin | -11.5% | -11.5% | -55.4% | -57.9% | -127.3% | -30.7% |
| ROE | -12.2% | -22.0% | -307.3% | -217.3% | -113.8% | -62.0% |
| Shares Outstanding | 42M | 42M | 23M | 9M | 2M | 7M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 99M | 90M | 93M | 106M | 81M | 22M | N/A | 13M | 13M | 11M | 9.7M | 17M | 17M |
| Gross Margin | 19.6% | 17.0% | 14.6% | 19.2% | 18.9% | 5.9% | N/A | 44.0% | -61.1% | 37.6% | 43.9% | 25.0% | 25.0% |
| R&D | 1.2M | 1.1M | N/A | N/A | N/A | N/A | 34K | 110K | 11K | 3.1M | 2.0M | N/A | N/A |
| SG&A | 7.8M | 6.0M | 9.0M | 9.5M | 6.6M | 5.5M | 4.7M | 5.7M | 5.5M | 5.1M | 6.1M | 4.7M | 4.7M |
| EBIT | 5.3M | 4.6M | -766K | 6.8M | 4.8M | -5.8M | -26M | -3.9M | -16M | -6.4M | -5.4M | -1.9M | -1.9M |
| Op. Margin | 5.3% | 5.1% | -0.8% | 6.4% | 5.9% | -26.4% | N/A | -30.7% | -127.3% | -57.9% | -55.4% | -11.5% | -11.5% |
| Net Income | 8.6M | 2.2M | -1.1M | 3.8M | 5.3M | -8.6M | -26M | -20M | -17M | -7.7M | -5.6M | -3.4M | -3.4M |
| Net Margin | 8.7% | 2.4% | -1.2% | 3.5% | 6.5% | -39.1% | N/A | -159.0% | -134.2% | -69.7% | -57.4% | -20.4% | -20.4% |
| Non-Recurring | 777K | 0 | 96K | 374K | 237K | 3.6M | 24M | 0 | 0 | 0 | 0 | 26K | 26K |
| Returns on Capital | |||||||||||||
| ROIC | 8.3% | 7.3% | -1.7% | 6.2% | 6.1% | -11.7% | -48.5% | -15.5% | -113.8% | N/M | -91.7% | -21.8% | -5.7% |
| ROE | 18.9% | 3.9% | -1.8% | 5.7% | 7.4% | -12.2% | -48.8% | -62.0% | -113.8% | -217.3% | -307.3% | -22.0% | -12.2% |
| ROA | 12.1% | 2.6% | -1.3% | 4.8% | 6.2% | -10.6% | -44.2% | -52.5% | -83.3% | -86.9% | -68.9% | -15.0% | -9.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -6.5M | -4.2M | -6.4M | -1.3M | -6.9M | 15M | -2.1M | -4.8M | -5.4M | -1.6M | -1.4M | -446K | -446K |
| Free Cash Flow | -8.1M | -4.2M | -6.4M | -1.3M | -6.9M | 15M | -2.4M | -4.9M | -5.4M | -1.6M | -1.4M | -446K | -446K |
| Owner Earnings | -8.8M | -6.1M | -8.7M | -5.0M | -8.1M | 14M | -2.3M | -5.0M | -6.0M | -2.1M | -2.2M | -3.8M | -3.8M |
| CapEx | 1.6M | 0 | 13K | 27K | 28K | 26K | 365K | 111K | 9K | 0 | 14K | 0 | 0 |
| Maint. CapEx | 1.7M | 513K | 603K | 1.5M | 38K | 36K | 62K | 79K | 88K | 55K | 61K | 10K | 10K |
| Growth CapEx | 0 | N/A | 0 | 0 | 0 | 0 | 303K | 32K | 0 | N/A | 0 | N/A | 0 |
| D&A | 1.7M | 513K | 603K | 1.5M | 38K | 36K | 62K | 79K | 88K | 55K | 61K | 10K | 10K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 616K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 6.3% | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 663K | 1.4M | 1.6M | 2.2M | 1.2M | 369K | 157K | 130K | 574K | 500K | 747K | 3.4M | 3.4M |
| Debt Repayment | 30M | 35M | 44M | 52M | 66M | 24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -1.2M | 10M | -2.6M | 2.7M | 12M | -4.7M | -5.8M | N/A | N/A | 1.7M | 1.5M | -1.1M | -1.1M |
| Cash & Equiv. | 1.2M | 988K | 2.6M | 5.7M | 244K | 7.4M | 8.7M | 6.3M | 1.4M | 369K | 162K | 6.7M | 6.7M |
| Long-Term Debt | 0 | 5.7M | 0 | 4.2M | 6.2M | 0 | 466K | N/A | N/A | 147K | 198K | 137K | 137K |
| Debt/Equity | 0.00 | 0.19 | 0.00 | 0.12 | 0.17 | 0.04 | 0.07 | 0.26 | 0.74 | 4.25 | 0.53 | 0.20 | 0.20 |
| Interest Coverage | 33.2 | 16.8 | -2.7 | 39.0 | 28.5 | -68.4 | -1474.1 | -31.3 | -643.3 | -676.0 | -171.7 | -25.0 | -25.0 |
| Equity | 52M | 60M | 63M | 68M | 75M | 66M | 41M | 23M | 6.6M | 496K | 3.1M | 28M | 28M |
| Total Assets | 81M | 90M | 77M | 80M | 90M | 72M | 46M | 30M | 12M | 6.2M | 9.9M | 36M | 36M |
| Total Liabilities | 29M | 30M | 14M | 11M | 15M | 5.5M | 5.6M | 6.1M | 4.9M | 5.7M | 6.8M | 7.6M | 7.6M |
| Intangibles | 6.5M | 6.2M | 5.7M | 4.2M | 3.8M | 0 | 0 | 19K | 14K | 8K | 3K | N/A | N/A |
| Retained Earnings | 24M | 27M | 26M | 30M | 35M | 26M | 351K | -20M | -37M | -44M | -50M | -53M | -53M |
| Working Capital | 35M | 49M | 58M | 72M | 74M | 67M | 41M | 24M | 6.6M | 60K | 2.1M | 9.4M | 9.4M |
| Current Assets | 57M | 66M | 70M | 75M | 85M | 68M | 43M | 26M | 8.2M | 3.7M | 7.9M | 12M | 12M |
| Current Liabilities | 22M | 17M | 12M | 2.7M | 12M | 1.5M | 2.0M | 1.8M | 1.6M | 3.7M | 5.8M | 2.4M | 2.4M |
| Per Share Data | |||||||||||||
| EPS | 1.75 | 0.42 | -0.17 | 0.58 | 3.88 | -6.33 | -3.78 | -2.73 | -10.28 | -0.83 | -0.25 | -0.08 | -0.08 |
| Owner EPS | -1.80 | -1.16 | -1.29 | -0.78 | -5.93 | 10.66 | -0.33 | -0.68 | -3.63 | -0.23 | -0.10 | -0.09 | -0.09 |
| Book Value | 10.59 | 11.36 | 9.43 | 10.61 | 54.77 | 48.63 | 5.94 | 3.20 | 3.98 | 0.05 | 0.14 | 0.67 | 0.67 |
| Cash Flow/Share | -1.32 | -0.80 | -0.96 | -0.20 | -5.03 | 10.96 | -0.30 | -0.65 | -3.23 | -0.17 | -0.06 | -0.01 | -0.08 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 4.9M | 5.3M | 6.7M | 6.5M | 1.4M | 1.4M | 6.9M | 7.3M | 1.7M | 9.3M | 22.5M | 41.9M | 41.9M |
| Valuation | |||||||||||||
| P/E Ratio | 7.0 | 18.8 | N/A | N/A | 2.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -75.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 0.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 11.2 | 10.0 | N/A | 9.4 | 4.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.2 | 0.7 | 0.9 | 1.0 | 0.2 | 0.1 | 0.3 | 0.6 | 0.4 | 14.7 | N/A | N/A | 9.2 |
| Price/Sales | 1.0 | 0.6 | 0.5 | 0.4 | 0.6 | 0.9 | N/A | 1.6 | 0.5 | 0.4 | N/A | N/A | 15.5 |
| FCF Yield | -13.4% | -10.2% | -11.6% | -2.1% | -51.6% | 152.7% | -19.6% | -35.1% | -194.0% | -21.6% | N/A | N/A | -0.2% |
| Market Cap | 60M | 41M | 55M | 65M | 13M | 9.7M | 12M | 14M | 2.8M | 7.3M | 0 | 0 | 258M |
| Avg. Price | 124.84 | 58.62 | 38.78 | 40.49 | 43.64 | 17.46 | 8.49 | 13.53 | 4.88 | 2.74 | 0.00 | 0.00 | 6.17 |
| Year-End Price | 73.75 | 47.00 | 49.50 | 58.75 | 11.75 | 8.60 | 10.85 | 9.70 | 2.00 | 4.70 | 0.00 | 0.00 | 6.17 |
XMax Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 17.9%. At current prices, the estimated annualized return to fair value is -2.9%.
XMax Inc. (XWIN) reported earnings per share (EPS) of $-0.08 in its most recent fiscal year.
XMax Inc. (XWIN) has a return on equity (ROE) of -22.0%. A negative ROE may indicate losses or negative equity.
XMax Inc. (XWIN) has a 5-year average gross margin of 17.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for XMax Inc. (XWIN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
XMax Inc. (XWIN) has a book value per share of $0.67, based on its most recent annual SEC filing.