XWIN earnings analysis
What we found in XWIN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
XWIN reported a challenging Q4 2026 with a significant revenue decline of 32% and a net income of $191,514 compared to a prior loss, marking an improvement. Management highlighted strategic shifts towards AI technology to diversify revenue amid market pressures. The financial position has strengthened with increased working capital and a notable cash influx from financing activities.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decrease of 32%
- Q4 2026 revenue was $1.78 million, down from $2.64 million a year earlier.
- Improved Gross Margin
- Gross margin improved to 50%, up from 46% in Q4 2025.
- Other Income Increase
- Other income rose to $726,367, compared to a loss of $207,771 last year.
- Net Income of $191,514
- Net income recorded in Q4 2026, a turnaround from a net loss of $338,871 in Q4 2025.
- Significant Cash Inflow from Financing
- Financing activities provided $12.19 million in cash during Q4 2026.
- Working Capital Improvement
- Working capital increased to $18.19 million, up by $8.80 million from end of 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Substantial Decrease in Sales Volume
- Sales volume decreased by 36.92% year-over-year, contributing to revenue decline.
- Increased Operating Loss
- Operating loss widened to $534,853 from a loss of $193,360 in the prior year.
- High Accounts Receivable Aging
- Accounts receivable showed $2.46 million gross, with $2.42 million over 90 days past due.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.06
- Gross margin
- 50%
- Operating margin
- -30%
What they said about what is next.
Management did not provide explicit numeric guidance but indicated a focus on AI development and revenue diversification.
The filing reads about the same as the one before it.
What came before.
- 10-K · April 15, 2026
- The 10-K describes XMax as a small, vertically‑integrated furniture designer/distributor (22 full‑time employees as of December 31, 2025) that generated a product mix in 2025 led by marble slabs (approximately 47% of…
- 10-Q · November 14, 2025
- XMAX reported strong top-line growth for the quarter — net sales of $9,761,091 (Q3 2025) vs $2,615,807 (Q3 2024) — but gross margin compressed to 10.1% and the company remained loss-making with diluted EPS of $(0.06).…
- 10-Q · November 14, 2024
- Nova LifeStyle reported quarterly revenue of $2,615,807 (up $139,673 or ~5.6% YoY from $2,476,134) and a gross profit of $1,179,255 (gross margin ~45.1%, up ≈2.1 percentage points YoY). Despite the revenue and margin…
- 10-Q · May 15, 2024
- Q1 2024 showed top-line improvement but persistent losses and tight liquidity. Revenue rose to $2.376M (+$501,828; +26.8% y/y) and gross profit improved to $1.016M (gross margin 42.77% vs 35.29% a year ago), but the…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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