{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-25-000562","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.585147+00:00","generated_at":"2026-05-24T00:43:37.012896+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SolarMax reports FY2024 revenue down 57% to $23M, net loss of $35M vs. prior-year profit","bullets":["Revenue of $23.0M, down from $54.1M in 2023; gross profit fell to $2.3M from $11.1M.","Net loss of $35.0M ($0.79 per share) vs. net income of $0.4M ($0.01 per share) in 2023.","One-time non-cash charges include $17.2M stock-based compensation and $7.5M goodwill impairment.","CEO cites transitional year and progress in commercial/industrial solar but no contracts yet."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-25-000562","json":"https://secwatch.observer/filing/0001640334-25-000562.json","markdown":"https://secwatch.observer/filing/0001640334-25-000562.md","text":"https://secwatch.observer/filing/0001640334-25-000562.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033425000562/0001640334-25-000562-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033425000562/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:43:37.012896+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"}