XMax stock gains 1.18 percent as Nasdaq deadline approaches after AI expansion

Published on 10/04/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XMax stock reported USD 32.4 million in Q2 net income, while a USD 42.1 million unrealized gain shaped the result. Nasdaq set an October 26 deadline.

NVFY, US66979P3001, Illustration mit AI erstellt.

XMax stock (ISIN US66979P3001) was trading at USD 8.59 on Nasdaq on October 2, 2026, up 1.18 percent. The security is the successor to Nova LifeStyle and the former NVFY listing, while the current issuer name and ticker are XMax and XMAX.

Profit masks a sharp accounting effect

XMax reported second-quarter net income of USD 32.4 million for the period ended June 30, 2026, compared with a net loss a year earlier. As Yahoo Finance reported on September 12, 2026, the result included a USD 42.1 million unrealized gain on the company investment in Preamble Capital.

The operating picture was more modest. Revenue increased 7 percent to USD 2.7 million from USD 2.6 million in the second quarter of 2025, while gross profit declined to USD 1.1 million from USD 1.3 million and gross margin fell to 40 percent from 50 percent, according to Yahoo Finance.

AI expansion adds a second business

The quarter also marked XMax's first AI-related revenue, linked to an API platform developed through subsidiaries in the United States and Singapore. On September 17, 2026, Markets Insider reported that XMax AI entered a letter of cooperation with South Korean fashion group apM Group to explore industry-specific AI models and a Korea-based joint venture.

The agreement is strategic rather than a booked contract. The release describes planned work on infrastructure, model development and commercialization, leaving execution and revenue conversion as the central operating test for the new division.

Nasdaq deadline sets the next checkpoint

Nasdaq notified XMax on September 10, 2026, that certain discounted stock issuances breached Listing Rule 5635(d). According to Stock Titan, the company has until October 26, 2026, to submit a compliance plan, while its shares continue trading on Nasdaq.

The filing history identifies a December 2025 issuance of 1,187,500 shares at USD 4.21 and additional discounted placements in March and April 2026. That financing issue gives the AI expansion a clear governance counterweight: growth plans are advancing while listing compliance remains a dated corporate checkpoint.

XMax stock stays tied to execution

At USD 8.59 on Nasdaq on October 2, 2026, XMax stock had a market narrative built from three distinct inputs: a 7 percent revenue increase, a USD 32.4 million reported profit shaped by a USD 42.1 million valuation gain, and an AI strategy still moving from cooperation toward commercial scale.