Filing Flows › XMax (XMAX) › Q1 2025
XMax (XMAX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
XMax (XMAX) reported revenue of $2.6M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +31% from the quarter before. Operating margin was -7.3%, net loss $339K (12.9% of revenue).
XMax, Q1 2025: revenue $2.6M (+11% year over year), operating margin -7.3%, net loss $339K, operating cash flow −$323K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6M | +31% | +11% |
| Operating profit | −$193K | — | — |
| Net earnings | −$339K | — | — |
| Operating cash flow | −$323K | — | — |
What changed
Revenue was $2.6M in Q1 2025, up 11% year over year and up 31% from the previous quarter.
Gross margin was 45.7%, up 2.9 points from a year earlier. Operating costs exceeded revenue by $193K, an operating margin of -7.3%. Operating expenses fell 44% while revenue rose 11%. The quarter ended with a net loss of $339K, narrower than the previous quarter's $1.1M loss. Net interest and other expense of $208K was the main reason.
Operating cash flow was −$323K. Non-cash charges added back $16K of depreciation and amortization and $110K of share-based compensation. Working capital and other items used $110K.
Questions
What was XMax's revenue in the first quarter 2025?
XMax (XMAX) reported revenue of $2.6M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +31% from the quarter before.
Was XMax profitable in the first quarter 2025?
Operating loss was $193K (-7.3% of revenue) and net loss $339K.
Source: XMax 10-Q on SEC EDGAR.