SolarMax Technology, Inc. (SMXT)

SolarMax Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	50.85	22.99	54.14	44.72	37.74	131.58
Revenue Growth (YoY)	76.60%	-57.54%	21.07%	18.49%	-71.32%	46.48%
Cost of Revenue	46.94	19.41	42.99	37.24	31.79	115.13
Gross Profit	3.91	3.58	11.15	7.48	5.95	16.45
Selling, General & Admin	-6.53	10.68	10.67	15.45	12.15	12.71
Operating Expenses	-6.53	10.68	10.67	15.45	12.15	12.71
Operating Income	10.44	-7.11	0.48	-7.97	-6.2	3.74
Interest Expense	-1.48	-1.57	-1.69	-1.83	-2	-3.21
Interest & Investment Income	0.8	0.7	0.38	0.32	0.19	0.12
Earnings From Equity Investments	0.38	0.63	0.86	0.49	0.87	0.48
Currency Exchange Gain (Loss)	0.01	-0.33	-0.27	-0.94	0.3	0.71
Other Non Operating Income (Expenses)	-0.25	-0	0.31	0.06	0.34	0.13
EBT Excluding Unusual Items	9.9	-7.67	0.08	-9.86	-6.51	1.98
Impairment of Goodwill	0	-7.46	-	-	-	-
Gain (Loss) on Sale of Assets	0.01	0.02	-	-	-	-0.26
Legal Settlements	0.03	-	-	-	0.08	-
Other Unusual Items	-18.26	-18.19	0.03	3.03	2.81	0.72
Pretax Income	-8.32	-33.3	0.37	-6.83	-3.62	2.44
Income Tax Expense	1.03	1.66	-0.06	0.04	-0.3	1.49
Earnings From Continuing Operations	-9.36	-34.96	0.43	-6.87	-3.32	0.95
Minority Interest in Earnings	-	-	-	-	-	0.02
Net Income	-9.36	-34.96	0.43	-6.87	-3.32	0.97
Net Income to Common	-9.36	-34.96	0.43	-6.87	-3.32	0.97
Shares Outstanding (Basic)	48	44	40	40	40	40
Shares Outstanding (Diluted)	48	44	40	40	40	40
Shares Change (YoY)	11.52%	10.79%	0.73%	-	-1.06%	1.92%
EPS (Basic)	-0.20	-0.79	0.01	-0.17	-0.08	0.02
EPS (Diluted)	-0.20	-0.79	0.01	-0.17	-0.08	0.02
Free Cash Flow	1.71	-9.13	4.06	-2.06	-5.35	-23.27
Free Cash Flow Per Share	0.04	-0.21	0.10	-0.05	-0.14	-0.58
Gross Margin	7.70%	15.57%	20.59%	16.73%	15.76%	12.50%
Operating Margin	20.53%	-30.91%	0.89%	-17.82%	-16.43%	2.84%
Profit Margin	-18.40%	-152.10%	0.80%	-15.37%	-8.80%	0.74%
Free Cash Flow Margin	3.35%	-39.72%	7.51%	-4.60%	-14.18%	-17.69%
EBITDA	10.5	-7.02	0.66	-7.69	-5.84	5.22
EBITDA Margin	20.65%	-30.56%	1.23%	-17.20%	-15.48%	3.97%
D&A For EBITDA	0.06	0.08	0.18	0.28	0.36	1.48
EBIT	10.44	-7.11	0.48	-7.97	-6.2	3.74
EBIT Margin	20.53%	-30.91%	0.89%	-17.82%	-16.43%	2.84%
Effective Tax Rate	-	-	-	-	-	60.96%
Revenue as Reported	-	-	-	-	-	131.58

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q