Steve Chen resigned as director at SolarMax Technology, Inc..
“On March 18, 2026, Steve Chen resigned as a director of SolarMax Technology, Inc. (the “Company”) for reasons of health.”
SolarMax Technology, Inc. — fact timeline
Source-grounded facts extracted from SolarMax Technology, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
SolarMax Technology, Inc. reported three months ended March 31, 2026 results: revenue Revenue: $14.8 million, net income Net loss: $0.3 million, EPS $0.01 per share.
“· Revenue: $14.8 million, up 114% from $6.9 million in the first quarter of 2025. · Gross profit: $3.0 million, up 115% from $1.4 million in the first quarter of 2025. · Total operating expense: $3.0 million, a $0.4 million increase from $2.6 million in the first quarter of 2025. · Net loss: $0.3 million, or $0.01 per share, a $1.0 million improvement from a net loss of $1.3 million, or $0.03 per share in the first quarter of 2025.”
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.
“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”
SolarMax Technology, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
“March 3, 2026, SolarMax Technology, Inc. (the “Company”) received a notice from The Nasdaq Stock Market that the Company does not meet Nasdaq’s continued listing requirement of Rule 5550(a)(2) that the Company maintain a minimum bid price of $1 per share. The Nasdaq rules provide that the Company has a compliance period of 180 calendar days to regain compliance. This period expires on August 31. 2026. To become compliant, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance”
SolarMax Technology, Inc. amended Lease Amendment for Facilities at 3080 12th Street, Riverside, California with Unspecified Landlord valued at Annual base rent $1,855,566 for 2026 increasing annually to $2,282,112 for 2033 (effective 2026-01-28).
“On January 28, 2026, SolarMax Technology, Inc. (the “Company”), entered into an amendment to the lease for its facilities at 3080 12th Street, Riverside, California. The amendment extends the expiration date of the lease from December 31, 2026 to December 31, 2033.”
SolarMax Technology, Inc. entered into a supply with Navboot Holdco, LLC valued at approximately $258.1 million (effective 2025-12-31).
“Pursuant to an EPC agreement with Navboot Holdco, LLC, a Delaware limited liability company (“Navboot”), SREP is to develop a BESS facility in Corpus Christi, Texas. The contract is expected to generate revenues of approximately $258.1 million.”
SolarMax Technology, Inc. entered into a supply with Yabucoa BESS LLC valued at approximately $35.9 million (effective 2025-12-31).
“Pursuant to an EPC agreement with Yabucoa BESS LLC, a Texas limited liability company (“Yabucoa”), SREP is to develop a BESS facility in Humacao Municipality, Puerto Rico. The contract is expected to generate revenues of approximately $35.9 million.”
SolarMax Technology, Inc. entered into a supply with Naguabo BESS LLC valued at approximately $122.3 million (effective 2025-12-31).
“Pursuant to an EPC agreement with Naguabo BESS LLC, a Texas limited liability company (“Naguabo”), SREP is to develop a BESS facility in Ceiba Municipality, Puerto Rico. The contract is expected to generate revenues of approximately $122.3 million.”
SolarMax Technology, Inc. engaged CBIZ CPAs P.C. as its auditor.
“On May 5, 2025, with the approval of the Audit Committee of the Company’s Board of Directors, CBIZ was engaged as the Company’s independent registered public accounting firm.”
Marcum LLP resigned as auditor of SolarMax Technology, Inc..
“On April 29, 2025, the Company was notified by Marcum LLP (“Marcum”) that Marcum resigned as the Company’s independent registered public accounting firm effective April 29, 2025.”
SolarMax Technology, Inc. reported the quarter ended March 31, 2024 results: revenue $5.8 million, net income $19.3 million.
“or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights · Revenues were $5.8 million, compared to $12.9 million in the first quarter of 2023. · Cost of revenues included a one-time stock-based compensation expense of $1.3 million, resulted in gross profit of”
SolarMax Technology, Inc. reported fiscal year ended December 31, 2023 results: revenue $54.1 million, net income $0.4 million.
“an integrated solar energy company, today reported financial results for its fiscal year ended December 31, 2023. Fiscal Year 2023 Financial Highlights · Revenue increased to $54.1 million, up 21% from 2022 · Gross profit increased to $11.1 million, up 49% from 2022 · Gross margin improved to 21%, up from 17% in 2022 · Total operating expense decreased to $10.7”
SolarMax Technology, Inc. entered into Underwriting Agreement with Kingswood, a division of Kingswood Capital Partners, LLC (the "Representative") valued at $4.00 per share (effective 2024-02-27).
“On February 27, 2024, SolarMax Technology, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Kingswood, a division of Kingswood Capital Partners, LLC (the “Representative”), as representative of the underwriters.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.