SolarMax Q2 2024 revenue falls 70% YoY to $4.5M; net loss widens to $2.2M

SolarMax Technology, Inc.

2025-Q2 EPS reported -$0.50 revenue$10,218,375

Revenue $4.5M, down from $14.8M in Q2 2023, driven by California regulatory change hangover and higher interest rates.
Net loss $2.2M ($0.05/shr) vs $1.9M ($0.05/shr) in Q2 2023; gross profit slid to $0.6M from $2.1M.
Operating expense held flat at $3.0M, but rose sharply as a percentage of revenue on lower top line.
Post-quarter: non-binding MOU for large-scale solar project in Las Vegas and term sheet for San Jose mall project.

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