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XMax Expects Q3 Net Loss of Up to $13.10 Million as Net Sales Are Expected to Fall

The expected loss primarily reflects a noncash unrealized loss.

A blank filing folder rests beneath a brass balance scale / TokenPost.ai
A blank filing folder rests beneath a brass balance scale / TokenPost.ai

XMax Inc. (XMAX) expects a third-quarter net loss of $12.10 million to $13.10 million, primarily reflecting a noncash unrealized loss, while net sales are expected to fall from a year earlier.

Net sales are expected to fall year over year.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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