---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-25-000897"
form_type: "8-K"
ticker: "SMXT"
cik: "0001519472"
company_name: "SolarMax Technology, Inc."
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T01:30:59.150102+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001640334-25-000897
- form_type: 8-K
- ticker: SMXT
- cik: 0001519472
- company_name: SolarMax Technology, Inc.
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519472/000164033425000897/0001640334-25-000897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519472/000164033425000897/solarmax_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-25-000897
- JSON: https://secwatch.observer/filing/0001640334-25-000897.json
- Plain text: https://secwatch.observer/filing/0001640334-25-000897.txt

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