See more : SW Investments Limited (SW1.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Solarmax Technology Inc. Common Stock (SMXT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Solarmax Technology Inc. Common Stock, a leading company in the Solar industry within the Energy sector.
You may be interested
- Taiwan Speciality Chemicals Corporation (4772.TWO) Income Statement Analysis – Financial Results
- Zhaoheng Hydropower Ltd. (ZHYLF) Income Statement Analysis – Financial Results
- JPMorgan Indian Investment Trust plc (JII.L) Income Statement Analysis – Financial Results
- New Beginnings Acquisition Corp. (NBA-WT) Income Statement Analysis – Financial Results
- Technoprobe S.p.A. (TPRO.MI) Income Statement Analysis – Financial Results
Solarmax Technology Inc. Common Stock (SMXT)
About Solarmax Technology Inc. Common Stock
SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects. It serves residential, commercial, and government customers. The Company was incorporated in 2008 and is based in Riverside, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Revenue | 54.14M | 44.72M | 37.74M | 131.58M | 89.83M | 88.93M |
| Cost of Revenue | 42.99M | 37.24M | 31.79M | 115.13M | 80.58M | 78.35M |
| Gross Profit | 11.15M | 7.48M | 5.95M | 16.45M | 9.25M | 10.58M |
| Gross Profit Ratio | 20.59% | 16.73% | 15.76% | 12.50% | 10.30% | 11.90% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 9.51M | 14.37M | 10.94M | 11.45M | 0.00 | 0.00 |
| Selling & Marketing | 1.16M | 1.08M | 1.21M | 1.26M | 0.00 | 0.00 |
| SG&A | 10.67M | 15.45M | 12.15M | 12.71M | 20.20M | 18.80M |
| Other Expenses | 0.00 | -616.12K | 712.69K | 844.50K | 0.00 | 0.00 |
| Operating Expenses | 10.67M | 15.45M | 12.15M | 12.71M | 20.20M | 18.80M |
| Cost & Expenses | 53.66M | 52.69M | 43.94M | 127.84M | 100.78M | 97.15M |
| Interest Income | 68.85K | 61.62K | 185.58K | 121.00K | 434.17K | 448.31K |
| Interest Expense | 1.58M | 1.83M | 2.00M | 3.21M | 1.95M | 1.85M |
| Depreciation & Amortization | 1.61M | 1.37M | 359.86K | 1.48M | 618.80K | 2.08M |
| EBITDA | 3.56M | -3.63M | -1.26M | 5.22M | -12.15M | -7.06M |
| EBITDA Ratio | 6.58% | -14.89% | -10.79% | 5.07% | -11.50% | -6.90% |
| Operating Income | 483.85K | -7.97M | -6.20M | 3.74M | -10.95M | -8.22M |
| Operating Income Ratio | 0.89% | -17.82% | -16.43% | 2.84% | -12.19% | -9.24% |
| Total Other Income/Expenses | -113.26K | 1.14M | 2.58M | -1.30M | -3.21M | -2.18M |
| Income Before Tax | 370.59K | -6.83M | -3.62M | 2.44M | -14.71M | -11.00M |
| Income Before Tax Ratio | 0.68% | -15.28% | -9.59% | 1.86% | -16.38% | -12.37% |
| Income Tax Expense | -64.19K | 41.43K | -300.66K | 1.49M | -5.73K | 1.07M |
| Net Income | 434.79K | -6.87M | -3.32M | 974.05K | -14.60M | -11.93M |
| Net Income Ratio | 0.80% | -15.37% | -8.80% | 0.74% | -16.25% | -13.42% |
| EPS | 0.01 | -0.15 | -0.07 | 0.02 | -0.32 | -0.27 |
| EPS Diluted | 0.01 | -0.14 | -0.07 | 0.02 | -0.32 | -0.27 |
| Weighted Avg Shares Out | 44.50M | 44.50M | 47.50M | 47.50M | 44.98M | 44.98M |
| Weighted Avg Shares Out (Dil) | 44.50M | 47.50M | 47.50M | 47.50M | 44.98M | 44.98M |
SolarMax Technology Reports Third Quarter 2024 Financial Results
RIVERSIDE, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended September 30, 2024.
OKYO Pharma and SolarMax Technology Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV
ORLANDO, FL / ACCESSWIRE / August 23, 2024 / RedChip Companies will air interviews with OKYO Pharma Ltd. (Nasdaq:OKYO) and SolarMax Technology, Inc. (Nasdaq:SMXT) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday,...
SolarMax Technology Expands US Footprint with New Commercial Solar Project in California
RIVERSIDE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, signed a non-binding term sheet for a significant new commercial solar project in California. The project, a major...
SolarMax Technology Reports Second Quarter 2024 Financial Results
RIVERSIDE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended June 30, 2024.
SolarMax Technology, Inc. Announces Proposed Milestone Project in the U.S., Establishing Its Leadership Position
RIVERSIDE, Calif. , Aug. 6, 2024 /PRNewswire/ -- SolarMax Technology, Inc. (Nasdaq: SMXT) ("SolarMax" or the "Company"), an integrated renewable energy company, is pleased to announce its plan to expand its business in the U.S. market, dedicated to leading the...
SolarMax Technology: Struggling Due To NEM 3.0 And Cash Is Running Low
The company raised $18 million through an IPO in February, but operating cash flow was negative $6.4 million in Q1 2024 alone. The shareholders' equity is in the red and I think that SolarMax Technology is likely to run out...
SolarMax Technology, Inc. Reports First Quarter 2024 Financial Results
RIVERSIDE, CA / ACCESSWIRE / May 16, 2024 / SolarMax Technology, Inc. (Nasdaq:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights Revenues were $5.8 million,...
Why this stock could be the surprise millionaire maker of the year!
Every investor dreams of discovering a stock that promises not just growth but exponential returns. For 2024, one such stock is SolarMax Technology, Inc. (NASDAQ: SMXT)—a company that has caught the attention of the investing public.
SolarMax Technology, Inc. Reports Fiscal Year 2023 Financial Results
RIVERSIDE, CA / ACCESSWIRE / April 16, 2024 / SolarMax Technology, Inc. (NASDAQ:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for its fiscal year ended December 31, 2023. Fiscal Year 2023 Financial Highlights Revenue...
SolarMax Technology, Inc. Announces Exercise of Overallotment Option From Initial Public Offering
RIVERSIDE, CA, March 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – SolarMax Technology, Inc. (“SolarMax” or the “Company”) (Nasdaq SMXT), an integrated solar energy company, announced today that the underwriters of its recently completed initial public offering (“IPO”) of common...
Source: https://incomestatements.info
Category: Stock Reports