{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-26-000665","form_type":"8-K","ticker":"SMXT","cik":"0001519472","company_name":"SolarMax Technology, Inc.","filed_at":"2026-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.408855+00:00","generated_at":"2026-05-15T07:00:39.664611+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SolarMax Tech reports FY2025 revenue of $91M, up 296% YoY; net loss narrows to $6.3M","bullets":["Revenue $91.0M vs $23.0M in FY2024; gross profit $4.2M, up 83% YoY.","Net loss improved to $6.3M ($0.13/share) from $35.0M ($0.79/share) in 2024.","EPC services generated $60.2M, representing 66% of total revenue.","Three large BESS contracts in Texas and Puerto Rico represent >$500M expected revenue.","Total operating expenses reduced to $10.5M from $35.4M in prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-26-000665","json":"https://secwatch.observer/filing/0001640334-26-000665.json","markdown":"https://secwatch.observer/filing/0001640334-26-000665.md","text":"https://secwatch.observer/filing/0001640334-26-000665.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519472/000164033426000665/0001640334-26-000665-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519472/000164033426000665/solarmax_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:00:39.664611+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":[{"claim_id":"2bc18500aae947907e3973c9f64d210afe1f32cb","claim":"SolarMax Technology, Inc. reported the fiscal year ended December 31, 2025 results: revenue $91.0 million, net income Net loss: $35.0 million, EPS $0.79 per share.","evidence_excerpt":"or the “Company”), an integrated solar energy company, reported financial results for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Highlights · Revenue: $91.0 million, up 296% from $23.0 million in 2024. · Gross profit: $4.2 million, up 83% from $2.3 million in 2024. · Total operating expense: $10.5 million, a $24.9 million reduction from","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519472/000164033426000665/0001640334-26-000665-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2025"},{"label":"Revenue","value":"$91.0 million"},{"label":"Net income","value":"Net loss: $35.0 million"},{"label":"EPS","value":"$0.79 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}