Gaxos Third-Quarter Revenue of About 2.81 Million Dollars Rises 464.9 Percent Year Over Year: The Loss Narrows to 0.08 Dollars Per Share With About 13.30 Million Dollars in Cash and Short-Term Investments, Released November 12
Gaxos.ai Inc., which develops artificial intelligence applications, reported on November 12, 2026, in Roseland, New Jersey, in a GlobeNewswire release, financial and operating results for the third quarter ended September 30, 2026. Third-quarter consolidated revenue was approximately 2.81 million dollars, an increase of 14.5 percent from approximately 2.46 million dollars in the second quarter of 2026 and 464.9 percent from approximately 0.50 million dollars in the third quarter of 2025. Basic and diluted net loss per common share attributable to common shareholders was 0.08 dollars, compared with 0.14 dollars a year earlier.
Advertising and marketing expense was approximately 2.62 million dollars, down 16.7 percent from approximately 3.14 million dollars in the second quarter. Revenue per dollar of advertising and marketing expense was approximately 1.08 dollars, compared with 0.78 dollars in the second quarter, an improvement of approximately 38 percent. As of September 30, 2026, the company had cash and short-term investments of approximately 13.30 million dollars, compared with approximately 11.44 million dollars at June 30, 2026.
During the third quarter, the company received approximately 3.17 million dollars in net proceeds from warrant exercises and issued 3,007,654 shares of common stock. As of November 11, 2026, the company had 13,752,288 shares of common stock outstanding. Additional details are provided in the company's Quarterly Report on Form 10-Q for the period ended September 30, 2026, filed the same day. Gaxos.ai is listed on Nasdaq as GXAI. This item reports only the published results and is not investment advice.
Source: Gaxos.AI Inc
Published by GSM · USA (original Chinese edition)
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