XMAX INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7M | $9.7M | $11.1M | $12.7M | $12.6M | $11.4M | $22.0M | $81.2M |
| Cost of Revenue | $12.5M | $5.4M | $6.9M | $20.5M | $7.0M | $31.2M | $20.7M | $65.8M |
| Gross Profit | $4.2M | $4.2M | $4.2M | $-7.8M | $5.5M | $-19.9M | $1.3M | $15.4M |
| Gross Margin | 25.0% | 43.9% | 37.6% | -61.1% | 44.0% | -175.3% | 5.9% | 18.9% |
| Operating Expenses | ||||||||
| Research & Development | — | $2.0M | $3.1M | $10.9K | $110.3K | $33.7K | — | — |
| SG&A Expense | $4.7M | $6.1M | $5.1M | $5.5M | $5.7M | $4.7M | $5.5M | $6.6M |
| Operating Income | $-1.9M | $-5.4M | $-6.4M | $-16.2M | $-3.9M | $-26.3M | $-5.8M | $4.8M |
| Operating Margin | -11.5% | -55.4% | -57.9% | -127.3% | -30.7% | -231.8% | -26.4% | 5.9% |
| Interest Expense | — | — | — | — | — | — | — | $169.5K |
| Pretax Income | $-4.0M | $-5.6M | $-7.0M | $-17.1M | $-4.1M | $-26.4M | $-5.9M | $4.5M |
| Income Tax Expense | $-581.0K | $2.6K | $731.1K | $2.4K | $163.9K | $-649.2K | $251.0K | $-738.8K |
| Net Income | $-3.4M | $-5.6M | $-7.7M | $-17.1M | $-20.0M | $-26.1M | $-8.6M | $5.3M |
| Net Margin | -20.4% | -57.4% | -69.7% | -134.2% | -159.0% | -229.8% | -39.1% | 6.5% |
| EPS (Basic) | $-0.17 | $-0.30 | $-0.50 | $-1.23 | $-0.33 | $-0.45 | $-0.15 | $0.09 |
| EPS (Diluted) | $-0.17 | $-0.30 | $-0.50 | $-1.23 | $-0.33 | $-0.45 | $-0.15 | $0.09 |
| Shares Outstanding (Basic) | 20.7M | 18.8M | 15.6M | 13.9M | 61.0M | — | 56.7M | 56.8M |
| Shares Outstanding (Diluted) | 20.7M | 18.8M | 15.6M | 13.9M | 61.0M | 57.4M | 56.7M | 57.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |