XMax Inc
novalifestyle.comWhat Do They Do?
Designs and sells contemporary residential and commercial furniture for distributors, retailers and end-user consumers.
10-K for FY2025, filed Apr 15, 2026XMax Inc. (the “Company”), formerly known as Nova LifeStyle, Inc. and Stevens Resources, Inc, is a U.S.-headquartered innovative designer…View ↗
We design and market modern residential and commercial furniture in diverse markets worldwide. Our products feature urban and contemporary…View ↗
Our global logistics and delivery capabilities provide our customers with the flexibility to select from our extensive furniture…View ↗
Our target end customer is the middle and upper middle-income consumer of residential and commercial furniture. In the U.S. and…View ↗
How Do They Make Money?
Customers buy furniture, with orders typically shipped before payment; the company offers buyers credit terms.
10-K for FY2025, filed Apr 15, 2026Revenue from product sales is recognized when the customer obtains control of our product, which typically occurs upon shipment to the…View ↗
$16.7M
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10-K for FY2025, filed Apr 15, 2026
$16.7M ↗
Who Are Their Customers?
Furniture distributors and retailers buy mainly for resale; U.S. consumers can order online directly or through third-party shopping portals.
10-K for FY2025, filed Apr 15, 2026Our global logistics and delivery capabilities provide our customers with the flexibility to select from our extensive furniture…View ↗
Diamond Bar also currently sells products under the Diamond Sofa brand in the U.S. through third party shopping portals, shipping orders…View ↗
Our target end customer is the middle and upper middle-income consumer of residential and commercial furniture. In the U.S. and…View ↗
Do Revenues Turn Into Profits?
No. It lost $3.4M in FY2025.
10-K for FY2025, filed Apr 15, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
$32.4MView ↗
- ▲ Now profitable
- vs −$289.9K in Q2 FY2025
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Sep 10, 2026
Nasdaq notified XMax of a listing-rule compliance failure
The company said trading would continue during the compliance period and that it intends to submit a plan to regain compliance.
Sources
8-K, filed Sep 15, 2026
On September 10, 2026, XMAX, Inc. (the “Company”) received a notification letter (the “Notification Letter”) from the Listing…View ↗
Growing. Revenue grew 33% in 4 years, from $12.6M in FY2021 to $16.7M in FY2025, about 7% a year.
Exit from jade mats
The older report describes selling physiotherapeutic jade mats in Malaysia alongside furniture; the latest report says the inventory was sold in liquidation and the company exited that business.
10-K for FY2022, filed Apr 17, 2023 10-K for FY2025, filed Apr 15, 2026We design and market modern residential and commercial furniture in diverse markets worldwide. Our products feature urban and contemporary…View ↗
Our expansion in Malaysia with health line products was disrupted due to COVID-19. Our initial plan was to establish showrooms in which…View ↗
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