{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-24-000681","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.796395+00:00","generated_at":"2026-06-03T18:49:31.830356+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SolarMax posts FY2023 net income of $0.4M vs loss of $6.9M; revenue up 21%","bullets":["Revenue reached $54.1M, a 21% increase over 2022, driven by US market demand.","Gross profit rose 49% to $11.1M; gross margin expanded to 21% from 17%.","Total operating expense decreased 31% to $10.7M, improving profitability.","Net income of $0.4M, reversing a $6.9M net loss in the prior year.","CEO cites operational efficiency and recent IPO as foundation for future growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-24-000681","json":"https://secwatch.observer/filing/0001640334-24-000681.json","markdown":"https://secwatch.observer/filing/0001640334-24-000681.md","text":"https://secwatch.observer/filing/0001640334-24-000681.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000681/0001640334-24-000681-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000681/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T18:49:31.830356+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b2773f2aeaf1807c7e8aea55cd8f04985eec488d","claim":"SolarMax Technology, Inc. reported fiscal year ended December 31, 2023 results: revenue $54.1 million, net income $0.4 million.","evidence_excerpt":"an integrated solar energy company, today reported financial results for its fiscal year ended December 31, 2023. Fiscal Year 2023 Financial Highlights · Revenue increased to $54.1 million, up 21% from 2022 · Gross profit increased to $11.1 million, up 49% from 2022 · Gross margin improved to 21%, up from 17% in 2022 · Total operating expense decreased to $10.7","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000681/0001640334-24-000681-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$54.1 million"},{"label":"Net income","value":"$0.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}