{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-24-000822","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.796682+00:00","generated_at":"2026-06-01T20:59:41.359294+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SolarMax Q1 revenue $5.8M, net loss $19.3M on IPO stock comp charge","bullets":["Revenue $5.8M, down 55% from $12.9M YoY; cites CA rebate change & heavy rains.","Gross profit loss of $0.5M (incl. $1.3M stock comp) vs. $2.1M profit in Q1 2023.","Net loss $19.3M includes $17.2M non-cash stock compensation from IPO option vesting.","Q1 2023 benefited from one-time surge ahead of April 2023 CA solar rebate change.","No forward guidance provided in the release."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-24-000822","json":"https://secwatch.observer/filing/0001640334-24-000822.json","markdown":"https://secwatch.observer/filing/0001640334-24-000822.md","text":"https://secwatch.observer/filing/0001640334-24-000822.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000822/0001640334-24-000822-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000822/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T20:59:41.359294+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":"0ba59e16b034f0aad0fe5bff3ee429572304ca15","claim":"SolarMax Technology, Inc. reported the quarter ended March 31, 2024 results: revenue $5.8 million, net income $19.3 million.","evidence_excerpt":"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, compared to $12.9 million in the first quarter of 2023. · Cost of revenues included a one-time stock-based compensation expense of $1.3 million, resulted in gross profit of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424000822/0001640334-24-000822-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$5.8 million"},{"label":"Net income","value":"$19.3 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"}