Results of Operations and Financial Condition · Regulation FD Disclosure
Item 2.02 Results of Operations and Financial Condition. On November 3, 2026, XMax Inc. (the “Company”) issued a press release announcing certain preliminary unaudited financial results for the third quarter and nine months ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.…
Filed Nov 3, 2026Accepted Nov 3, 2026, 4:59 PM ESTCIK 1473334Accession 0001493152-26-049815
Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”) is a U.S.-headquartered innovative designer and marketer of contemporary styled residential and commercial furniture formerly known as Stevens Resources, Inc. We were incorporated in the State of Nevada on September 9, 2009. The Company’s products are marketed through wholesale and retail channels as well as various online platforms worldwide.
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Item 2.02Item 2.02 - Results of Operations
Item
2.02 Results of Operations and Financial Condition.
On
November 3, 2026, XMax Inc. (the “Company”) issued a press release announcing certain preliminary unaudited financial results
for the third quarter and nine months ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
The
preliminary financial information included in the press release is based on the Company’s current estimates and information available
as of the date of the press release. The Company’s financial closing and review procedures for the quarter ended September 30,
2026 have not been completed, and the Company’s independent registered public accounting firm has not completed its review of,
and does not express an opinion or any other form of assurance with respect to, the preliminary financial information. The Company’s
final results, which it expects to report in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, may differ materially
from the preliminary results.
The
information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure
The
information set forth under Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is incorporated by reference into this
Item 7.01. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed”
for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such
a filing.
Forward-Looking
Statements
This
Current Report on Form 8-K, including Exhibit 99.1, contains forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Exchange Act, including statements regarding the Company’s preliminary financial
results and the expected timing of the filing of its Quarterly Report on Form 10-Q. These statements are based on current expectations
and are subject to risks and uncertainties that could cause actual results to differ materially, including adjustments arising from the
completion of the Company’s financial closing procedures and the review of its interim financial statements, and the other risks
described in the press release and in the Company’s filings with the Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking
statement, except as required by law.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htm
Exhibit
99.1
XMax
Inc. Announces Preliminary Third Quarter 2026 Financial Results
LOS
ANGELES, November 3, 2026 (GLOBE NEWSWIRE) - XMax Inc. (NASDAQ: XMAX, “XMAX” or the “Company”), a distributor
of contemporary furniture and artificial intelligence software and platform-based service provider, today announced selected preliminary
unaudited financial results for the third quarter and nine months ended September 30, 2026.
Preliminary
Third Quarter 2026 Financial Highlights:
Net
Sales: Approximately $6.42 million, compared to $9.76 million in the third quarter of 2025.
Gross
Profit: Approximately $0.89 million, representing a gross margin of approximately 13.9%,
compared to 10.1% in the third quarter of 2025.
Net
Loss: Expected to be in the range of $12.10 million to $13.10 million, primarily reflecting
a non-cash unrealized loss
Preliminary
Nine Months Ended September 30, 2026 Financial Highlights:
Net
Sales: Approximately $10.94 million, compared to $14.95 million for the nine months ended
September 30, 2025.
Gross
Profit: Approximately $2.87 million, representing a gross margin of approximately 26.2%,
compared to 23.2% for the nine months ended…