SMXT
SolarMax Technology, Inc.0.8314
-0.0486-5.52%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
45.15MP/E (TTM)
-Basic EPS (TTM)
-0.19Dividend Yield
0%Recent Filings
8-K
Annual meeting elects directors
SolarMax Technology stockholders elected David Hsu, Simon Yuan, Wei Yuan Chen, Lei Zhang, and Steve Chen as directors at the November 10, 2025 annual meeting, with votes ranging 15.9M-21.3M for amid 12.7M broker non-votes. They ratified CBIZ as auditor for year ending December 31, 2025, with 32.3M votes for. Directors locked in for one year.
8-K
Issues discounted shares, raises $4.4M
SolarMax Technology issued 5,712,402 common shares to five investors in June-July 2025 at $0.74-$0.83 per share—75% of market price—raising $4,380,000 for working capital. The July 31 issuance crossed the 5% ownership threshold, triggering this 8-K. No broker; exempt under Section 4(a)(2). Dilution hits shareholders hard.
8-K
Board member's exit announced
SolarMax Technology's Dr. Wen-Ching (Stephen) Yang, audit committee chair and nominating committee member, notified the board on September 26, 2025, that he won't seek re-election. No disagreements with company operations, policies, or practices triggered the move. Board loses key oversight experience.
8-K
Q2 revenue jumps 53%
SolarMax Technology reported Q2 revenue of $6.9 million, up 53% from $4.5 million last year, while trimming operating expenses 20% to $2.4 million and narrowing net loss to $1.9 million. Revenue surged. CEO highlighted a $127.3 million Texas battery storage EPC contract set for June 2026 amid NEM 3.0 headwinds, but risks include inflation, tariffs, and expiring tax credits.
10-Q
Q2 FY2025 results
SolarMax posted Q2 revenue of $6.9M, up 54.5% y/y yet down q/q (derived) from $6.9M, driven by solar energy sales jumping 88% y/y to $5.9M via dealer network gains, though gross margin slipped to 8.8% from 13.2% on higher costs. Operating loss narrowed to $1.8M from $2.4M y/y, with no stock-based comp drag this year; net loss hit $(0.04)/share on 45.8M diluted shares, consistent with basic. Cash climbed to $1.9M, operations used $380K (no capex for FCF), but $20.9M debt looms due soon amid going concern doubts and Nasdaq equity woes. Debt matures fast.
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