Highest-materiality recent filing
Director Steve Chen resigns from SolarMax board for health reasons
Steve Chen resigned as director on March 18, 2026, citing health.
SolarMax Q1 revenue $14.8M (+114% YoY); net loss narrows to $0.3M
Revenue of $14.8M, up 114% from $6.9M in Q1 2025.
SolarMax files investor presentation for April 2026 meetings; no material updates disclosed
Presentation attached as Exhibit 99.1; intended for use in meetings starting April 27, 2026.
SolarMax Tech reports FY2025 revenue of $91M, up 296% YoY; net loss narrows to $6.3M
Revenue $91.0M vs $23.0M in FY2024; gross profit $4.2M, up 83% YoY.
SolarMax receives Nasdaq deficiency notice for bid price below $1
Received Nasdaq notice on March 3, 2026 for failing minimum $1 bid price requirement.
SolarMax extends Riverside facility lease to 2033; annual rent starts at $1.86M
Lease at 3080 12th St, Riverside extended from Dec 31, 2026 to Dec 31, 2033; annual base rent escalates from $1,855,566 in 2026 to $2,282,112 in 2033.
SolarMax signs three BESS EPC contracts totaling ~$416M; two in Puerto Rico, one in Texas
Naguabo BESS (Puerto Rico) 320 MWh; contract revenue ~$122.3M; SolarMax gets 9% membership interest.
SolarMax Q3 revenue surges 383% to $30.6M; net loss narrows to $2.3M
Revenue $30.6M, up 383% YoY from $6.3M, driven by Texas battery storage EPC project.
SolarMax stockholders elect directors and ratify CBIZ as auditor for FY2025
All five nominees elected to one-year terms: David Hsu, Simon Yuan, Wei Yuan Chen, Lei Zhang, Steve Chen.
SolarMax issues 5.7M shares at $0.74-$0.83 each, raising $4.38M for working capital
Issued 5,712,402 shares to five investors at 75% of market price ($0.74-$0.83/share).
SolarMax director Dr. Wen-Ching (Stephen) Yang will not stand for re-election
Dr. Yang notified the Board on September 26, 2025 of his decision not to stand for re-election.
Director Jinxi Lin will not stand for re-election to SolarMax board
Jinxi Lin notified the Board on September 21, 2025, that he would not stand for re-election.
SolarMax Q2 revenue up 53% to $6.9M; net loss narrows; announces $127M EPC contract
Revenue $6.9M (+53% YoY); gross profit $605K (+2.9%); operating expenses down 20% to $2.4M.
SolarMax subsidiary signs $127.3M EPC contract for 430 MWh Texas BESS
EPC contract with Longfellow BESS I LLC for a 430 MWh battery storage facility in Pecos County, TX; revenue ~$127.3M.
SolarMax Q1 revenue $6.9M, net loss narrows to $1.3M from $19.3M YoY
Revenue of $6.9M, up 19% from $5.8M in Q1 2024.
On March 18, 2026, Steve Chen resigned as a director of SolarMax Technology, Inc. (the “Company”) for reasons of health.
Max materiality 0.85 · Median 0.60 · Most common event other_material