---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-001744"
form_type: "8-K"
ticker: "SMXT"
cik: "0001519472"
company_name: "SolarMax Technology, Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:00:11.261070+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001640334-24-001744
- form_type: 8-K
- ticker: SMXT
- cik: 0001519472
- company_name: SolarMax Technology, Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519472/000164033424001744/0001640334-24-001744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519472/000164033424001744/solarmax_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-001744
- JSON: https://secwatch.observer/filing/0001640334-24-001744.json
- Plain text: https://secwatch.observer/filing/0001640334-24-001744.txt

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