Core Viewpoint - XMax Inc. reported significant growth in net sales and a reduction in net loss for the third quarter of 2025, highlighting both challenges and opportunities in the current market environment [2][5]. Financial Performance - Net sales for the three months ended September 30, 2025, increased by 273% to $9.76 million, up from $2.62 million in the same period of 2024 [5]. - Gross profit for the same period was $0.98 million, a decrease from $1.18 million in the third quarter of 2024 [5]. - The net loss for the third quarter was $1.13 million, improved from a net loss of $2.47 million in the same period of 2024 [5]. Year-to-Date Performance - For the nine months ended September 30, 2025, net sales grew by 95% to $14.95 million, compared to $7.68 million in the same period of 2024 [5]. - Gross profit for the nine-month period was $3.47 million, slightly up from $3.39 million in the same period of 2024 [5]. - The net loss for the nine months was $1.76 million, improved from a net loss of $4.49 million in the same period of 2024 [5]. Company Overview - XMax Inc., headquartered in Commerce, California, is a distributor of contemporary styled residential and commercial furniture, focusing on integrating popular design trends into its product lines [3]. - The company serves a global customer base through a network of retailers, e-commerce platforms, and hospitality providers [3]. Strategic Developments - The successful completion of a $9.0 million public offering is noted as a commitment to exploring new opportunities and enhancing long-term shareholder value [2].