XMAX · XMax Inc.
AI read · Bad for XMAX
The AI's read
The sharp drop in furniture sales shows that the older business shrank much faster than the new services grew. API services added sales, but total revenue still fell. The $9.0 million loss mainly came from a noncash investment loss, partly softened by a $3.6 million tax benefit. XMax also began a plan to buy back up to $30 million in shares. That may return cash to shareholders, but it cannot fix falling sales.