Gaxos Reports Third-Quarter Revenue Growth of 14.5% Sequentially and 464.9% Year over Year

(NASDAQ: GXAI) Gaxos.ai Inc. reported financial and operating results for the third quarter ended September 30, 2026. Consolidated revenue for the third quarter was approximately $2.81 million, representing an increase of 14.5% from approximately $2.46 million in the second quarter of 2026 and 464.9% from approximately $0.50 million in the third quarter of 2025. Basic and diluted net loss per common share attributable to common shareholders was $0.08 in the third quarter of 2026, compared to $0.14 in the third quarter of 2025. Advertising and marketing expense for the third quarter was approximately $2.62 million, down 16.7% from approximately $3.14 million in the second quarter of 2026. Revenue per dollar of advertising and marketing expense improved by approximately 38%, reaching $1.08 compared to $0.78 in the second quarter. Advertising and marketing expense represented approximately 93% of consolidated revenue during the third quarter, compared with approximately 128% in the second quarter, an improvement of approximately 35%. As of September 30, 2026, cash and short-term investments were approximately $13.30 million, compared with approximately $11.44 million at June 30, 2026. As of November 11, 2026, the company had 13,752,288 shares of common stock outstanding. During the third quarter, Gaxos received approximately $3.17 million in net proceeds from warrant exercises and issued 3,007,654 shares of common stock. The company did not issue shares through its at-the-market offering program during the quarter ended September 30, 2026. Gaxos intends to focus during the remainder of 2026 on increasing recurring and repeat revenue across its core operating businesses, improving customer-acquisition efficiency and advertising payback, scaling products and customer channels with favorable contribution economics, maintaining discipline in operating expenditures and capital allocation, and providing investors with additional operating measurements where reliable and appropriate. Additional details are provided in Note 6 to the company’s Quarterly Report on Form 10-Q for the period ended September 30, 2026, filed with the Securities and Exchange Commission.

Gaxos Announces $1,000,000 Share Repurchase Plan

(NASDAQ: GXAI) Gaxos.ai Inc. announced that its Board of Directors has authorized a new share repurchase program, under which the Company may repurchase, from time to time, up to an aggregate of $1,000,000 of the Company’s common stock. The board’s decision to authorize a share buyback program directly reflects its belief that the Company’s current stock price does not indicate Gaxos’ true value. Gaxos.ai Inc. develops artificial intelligence applications designed to address opportunities across consumer and enterprise markets. The Company’s operations include Gaxos Labs, which develops and commercializes AI-powered applications, and RNK Health, a majority-owned subsidiary offering personalized weight loss, longevity, and performance treatments. Gaxos also holds a strategic minority investment in America First Defense.AI, a defense-technology company developing next-generation counter-UAS and robotic platforms. The timing, the number of shares repurchased, and prices paid for the stock under this program will depend on available liquidity, cash flows and market conditions as well as corporate and regulatory limitations. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.