Gaxos.ai Inc. (NASDAQ:GXAI) shares are trending on Wednesday night.
Shares of the New Jersey-based technology company jumped 66.57% to $1.45 in after-hours trading on Wednesday after it reported second-quarter results, with earnings per share of $0.02 topping the analyst estimate of -$0.15 by 113.3%.
Gaxos.ai announced the results on Wednesday for the three and six months ended on Jun. 30.
Revenue Beat Estimate
The company posted consolidated revenue of $2.46 million, a record, beating the expected $1.75 million by 40.4%. This represents an increase of 35.8% from $1.81 million in the first quarter and an increase of 1,337% from $0.17 million in the second quarter of 2025.
According to the company, GAAP net income for the quarter totaled $241,056, or $0.02 per share, primarily boosted by a gaming-asset sale.
CEO Vadim Mats said the results reflect “the scalability of our operating platforms” and a disciplined approach to growth and capital allocation.
As of Jun. 30, Gaxos maintained cash and short-term investments of approximately $11.44 million, down slightly from approximately $11.71 million at Mar. 31.
Outlook and Operating Priorities
For the remainder of 2026, Gaxos said it plans to focus on increasing recurring and repeat revenue across its core businesses, improving customer-acquisition efficiency and advertising payback, and scaling products and customer channels with favorable contribution economics.
The company also plans to remain disciplined with operating expenses and capital allocation. In addition, Gaxos intends to provide investors with more operating metrics when reliable and appropriate.
Trading Metrics, Technical Analysis
Gaxos.ai has a market capitalization of about $9.31 million. Over the past 52 weeks, its stock has traded as high as $2.96 and as low as $0.73. The company has 10.75 million shares outstanding.
GXAI has a Relative Strength Index (RSI) of 39.25.
Over the past 12 months, the stock has dropped 19.40%.
Currently, the stock is trading near its 52-week low.
Price Action: GXAI closed the regular session at $0.87, down 1.69%, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicate that GXAI stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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