{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-24-001259","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2024-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.351266+00:00","generated_at":"2026-05-31T09:00:15.623830+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SolarMax Q2 2024 revenue falls 70% YoY to $4.5M; net loss widens to $2.2M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-24-001259","json":"https://secwatch.observer/filing/0001640334-24-001259.json","markdown":"https://secwatch.observer/filing/0001640334-24-001259.md","text":"https://secwatch.observer/filing/0001640334-24-001259.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424001259/0001640334-24-001259-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033424001259/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:00:15.623830+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}