Filing Flows › SolarMax Technology (SMXT) › Q1 2025
SolarMax Technology (SMXT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 16, 2025
SolarMax Technology (SMXT) reported revenue of $6.9M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +8% from the quarter before. Operating margin was -16.7%, net loss $1.3M (18.7% of revenue).
SolarMax Technology, Q1 2025: revenue $6.9M (+20% year over year), operating margin -16.7%, net loss $1.3M, operating cash flow −$601K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9M | +8% | +20% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$601K | — | — |
What changed
Revenue was $6.9M in Q1 2025, up 20% year over year and up 8% from the previous quarter.
Gross margin was 20.5%. Operating costs exceeded revenue by $1.2M, an operating margin of -16.7%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $3.9M loss.
Operating cash flow was −$601K. Non-cash charges added back $19K of depreciation and amortization. Working capital and other items added $676K.
Questions
What was SolarMax Technology's revenue in the first quarter 2025?
SolarMax Technology (SMXT) reported revenue of $6.9M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +8% from the quarter before.
Was SolarMax Technology profitable in the first quarter 2025?
Operating loss was $1.2M (-16.7% of revenue) and net loss $1.3M.