SolarMax Q3 2024 revenue down 56% to $6.3M, net loss $9.6M on $7.5M goodwill impairment

SolarMax Technology, Inc.

2024-Q3 EPS reported -$0.71 revenue$16,549,981

Revenue of $6.3M, down from $14.3M in Q3 2023; gross profit $1.3M vs $4.0M.
Net loss $9.6M ($0.21 per share) vs net income $1.5M ($0.04 per share) a year ago.
Operating expense $11.3M included $7.5M goodwill impairment for China segment with no revenue since 2022.
CEO cited California regulatory changes and high interest rates as headwinds; Q3 2023 benefited from pre-regulation surge.
Company focusing on commercial solar expansion but unable to predict impact of federal renewable energy policies.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.