Filing Flows › SolarMax Technology (SMXT) › Q4 2024
SolarMax Technology (SMXT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
SolarMax Technology (SMXT) reported revenue of $6.4M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and +2% from the quarter before. Operating margin was -27.9%, net loss $3.9M (60.6% of revenue).
SolarMax Technology, Q4 2024: revenue $6.4M (-47% year over year), operating margin -27.9%, net loss $3.9M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4M | +2% | -47% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $6.4M in Q4 2024, down 47% year over year and up 2% from the previous quarter.
Gross margin was 14.5%, down 9.6 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -27.9%. Operating expenses fell 9% while revenue fell 47%. The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $9.6M loss.
Operating cash flow was −$1.3M. Non-cash charges added back $10K of depreciation and amortization. Working capital and other items added $2.6M.
Questions
What was SolarMax Technology's revenue in the fourth quarter 2024?
SolarMax Technology (SMXT) reported revenue of $6.4M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and +2% from the quarter before.
Was SolarMax Technology profitable in the fourth quarter 2024?
Operating loss was $1.8M (-27.9% of revenue) and net loss $3.9M.