XMax Inc. stock: filings, catalysts and timeline
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FundamentalsWhat is this?HideNot scored — outside AIR's $300M–$20B fundamentals band
How the business is doing on its own reported US-GAAP numbers — growth, margins, cash generation, balance-sheet strength, capital efficiency and dilution — compared with sector peers.
Source: SEC XBRL financial statements.
ValueWhat is this?HideToo few of the required measures on file
How the shares are priced against sector peers, against the company's own recent history, and against a simple cash-flow estimate, using the filing numbers and the current price. AIR shows this as a band, never as a target price.
Source: SEC XBRL financial statements and end-of-day prices.
News flowWhat is this?HideBalanced
What the company has documented recently: material 8-K events (contracts, deals, results, leadership changes) and FDA approvals, weighted by recency and type. A language model's reading of each 8-K helps classify whether it is positive or negative. Filings, not press or social media.
Source: SEC EDGAR 8-K filings and FDA approvals.
MomentumWhat is this?HideWeak
The longer-term market read: the trend in end-of-day prices, strength against the market and the sector, and trading volume over roughly the past three to twelve months. It is shown, never used to rank the Shortlist.
Source: End-of-day prices.
SafetyWhat is this?HideWatch
The risk side: leverage, liquidity, cash runway, dilution, revenue and margin swings, company size and pre-commercial status, negative 8-K events (including legal and regulatory ones), and share-price drawdown and volatility. Higher means fewer of those risk markers.
Source: SEC XBRL financial statements, SEC EDGAR 8-K filings and end-of-day prices.
Discovery Gap: Medium (11/100) · Gap confidence 48/100
Some evidence isn't yet fully priced in.
Low is the most common level — the cut-offs are fixed, and levels can shift as scores refresh.
What is this?Hide
How far documented progress (News flow) runs ahead of market attention. Attention is measured from institutional holdings reported to the SEC, trading volume, price behaviour and how richly the shares are valued — not from social media or analyst ratings.
Source: SEC EDGAR filings (8-K and 13F), FDA approvals and end-of-day prices.
How levels work. The levels use fixed cut-offs, but market attention is ranked against the other ~1,800 companies AIR covers that day (valuation against the same sector). Documented progress counts filings from the past 18 months, newer ones weighing more; attention uses the latest quarter of institutional holdings, the last three to six months of trading, and six to twelve months of price behaviour. Many companies show a Low Gap or none at all — a gap needs filings that read more positively than neutral. A level can change from one day to the next as scores refresh and the other companies move.
Gap confidenceWhat is this?HideModerate 48/100How fully AIR could measure this Gap.
How fully AIR could measure both sides of the Discovery Gap: the documented progress (News flow) and market attention (Recognition). It takes the weaker of the two, and reads zero when either side has no measurement. It describes the data, not the company.
Evidence strengthWhat is this?HideModerate 34/100Support behind the full AIR read, not only the Gap.
How much data stands behind the whole AIR read — all five perspectives, not just the Discovery Gap. Each perspective reports how complete its inputs are, and these are combined in the same proportions as the AIR Score; a perspective AIR could not score adds nothing, so missing data lowers this figure. It describes the data, not the company.
This month at a glance
Capital returns
Latest buyback
Buyback approved · Approved a $30 million share buyback.
Filed 3 Nov 2026 · As stated in the filing →
Evidence timeline
- Expected
Mon 16 Nov · expected 10-Q
Last year filed 14 Nov 2025.
Thu 15 Apr · expected 10-K
Last year filed 15 Apr 2026.
- Filed
Tue 3 Nov · 8-K
8-K · Item 2.02 — Results of operations
Recognition: Watch 26 → Weak 23Gap Low · 0 → Medium · 11Market attention has faded.
Progress is running ahead of attention.
The price trend weakened.
Tue 3 Nov · 8-K
8-K · Item 8.01 — Other events
Recognition: Watch 26 → Weak 23Gap Low · 0 → Medium · 11Market attention has faded.
Progress is running ahead of attention.
The price trend weakened.
- Buyback approvedApproved a $30 million share buyback. As stated in the filing →
Mon 2 Nov · 8-K
8-K · Items 1.01, 8.01 — Material agreement
XMax entered a 5-year GPU infrastructure agreement with DSH/kt cloud for 512 NVIDIA B300 GPUs (~$122.5M total), supporting AI product commercialization (NeoCloud, AI Token Factory) with projected >$100M revenue over five years.
Recognition: Watch 26 → Weak 23Gap Low · 0 → Medium · 11Market attention has faded.
Progress is running ahead of attention.
The price trend weakened.
Tue 13 Oct · 8-K
Fri 9 Oct · 8-K
8-K · Items 1.01, 8.01 — Material agreement
XMax acquired 100% of Hexa Creation Inc., a developer of 1200V vertical GaN power semiconductor technology for AI data center infrastructure, for $4.12M. Transaction positions XMax in high-voltage power semiconductors aligned with AI power demands.
Tue 15 Sep · 8-K
Thu 3 Sep · 8-K
8-K · Items 1.01, 3.02 — Material agreement
XMax Inc. completed a private placement of 352,200 common shares at $8.417 per share for $2.96M aggregate proceeds with non-U.S. investors under Regulation S, with 18-month lock-up restrictions.
Tue 25 Aug · 8-K
Fri 14 Aug · 10-Q
Quarterly report (10-Q), period ending 12 Aug 2026
Wed 12 Aug · 8-K
Tue 28 Jul · 8-K
Thu 23 Jul · 8-K
Fri 10 Jul · 8-K
Tue 7 Jul · 8-K
Mon 6 Jul · 8-K
Tue 9 Jun · 8-K
Tue 2 Jun · 8-K
Fri 15 May · 10-Q
Quarterly report (10-Q), period ending 14 May 2026
Wed 6 May · 8-K
Wed 29 Apr · 8-K
Tue 28 Apr · 8-K
Wed 22 Apr · 8-K
Tue 21 Apr · 8-K
Thu 16 Apr · 8-K
Wed 15 Apr · 10-K
Annual report (10-K), FY2026
Wed 8 Apr · 8-K
Tue 31 Mar · 8-K
Tue 24 Mar · 8-K
Tue 10 Mar · 8-K
Fri 6 Feb · 8-K
Tue 3 Feb · 8-K
Fri 9 Jan · 8-K
Mon 22 Dec · 8-K
Mon 22 Dec · 8-K
Mon 8 Dec · 8-K
Wed 26 Nov · 8-K
Fri 21 Nov · 8-K
Wed 19 Nov · 8-K
Fri 14 Nov · 10-Q
Quarterly report (10-Q), period ending 13 Nov 2025
Solid dots: a filing AIR classified as material. Grey: routine. Hollow: expected, from last year's dates — not a forecast.
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What would change our view
Research, not tips. No buy/sell recommendations, no price forecasts. Every score is derived from public filings and market data — figures round to whole numbers and refresh each trading day.