SolarMax Technology, Inc. Income Statement
SMXT|3 years of annual SEC 10-K data (FY2023-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 3 fiscal years. All figures from audited SEC 10-K filings.
SolarMax Technology, Inc. reported $23M in revenue and $35M in net loss for FY2025. Revenue has declined at a 28.3% compound annual rate over the past 2 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -1.09 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $23.0M | $54.1M | $44.7M |
| Cost of Revenue | $20.7M | $43.0M | $37.2M |
| Gross Profit | $2.3M | $11.1M | $7.5M |
| SG&A Expense | $27.4M | $9.5M | $14.4M |
| Operating Income | -$33.1M | $483.9K | -$8.0M |
| Interest Expense | $1.6M | - | - |
| Income Tax | $1.7M | -$64.2K | $41.4K |
| Net Income | -$35.0M | $434.8K | -$6.9M |
| EPS (Basic) | -$0.79 | $0.01 | -$0.17 |
| EPS (Diluted) | -$0.79 | $0.01 | -$0.17 |
| Shares Outstanding | 45.3M | 39.7M | 39.7M |
| Gross Margin | 10.1% | 20.6% | 16.7% |
| Operating Margin | -144.0% | 0.9% | -17.8% |
| Profit Margin | -152.1% | 0.8% | -15.4% |