XMAX Rises 3.23% to Open at $8.02 as Q1 Net Income Turns Positive
Updated
Updated · CNN · May 18
XMAX Rises 3.23% to Open at $8.02 as Q1 Net Income Turns Positive
1 articles · Updated · CNN · May 18
$0.25 higher than its last close, XMAX opened at $8.02, marking a 3.23% gain and a $0.12 gap up from the previous session.
The move comes as the small-cap furniture maker reported Q1 revenue of $1.78 million and net income of $191,510, improving from a $3.42 million full-year net loss.
XMAX said annual revenue reached $16.72 million, up 72.63% year over year, while EPS improved to roughly break-even in Q1 from a negative full-year reading.
With a market capitalization of $502.46 million, Commerce, California-based XMAX sits in the small-cap tier of the home furnishings sector.
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