---
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"
generated_at: "2026-05-31T09:00:15.623830+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-001259
- JSON: https://secwatch.observer/filing/0001640334-24-001259.json
- Plain text: https://secwatch.observer/filing/0001640334-24-001259.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.