SolarMax Q1 revenue $6.9M, net loss narrows to $1.3M from $19.3M YoY

SolarMax Technology, Inc.

2025-Q1 EPS reported -$0.03 revenue$6,927,469

Revenue of $6.9M, up 19% from $5.8M in Q1 2024.
Gross profit of $1.4M vs ($0.5M) loss a year ago; prior year included $1.3M non-cash stock comp.
Operating expense fell to $2.6M from $18.4M, driven by $15.9M prior-year non-cash stock comp.
Net loss of $1.3M ($0.03 per share) vs loss of $19.3M ($0.46 per share) in Q1 2024.
CEO cites NEM 3.0 headwinds but notes active commercial project pipeline (no executed contracts).

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