SolarMax Tech | 8-K: FY2026 Q1 Revenue: USD 14.8 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 14.8 M.
EPS: As of FY2026 Q1, the actual value is USD -0.01.
Revenue
SolarMax Technology, Inc. reported revenue of $14.8 million for the first quarter of 2026, which is a 114% increase from $6.9 million in the first quarter of 2025.
Gross Profit
Gross profit for the first quarter of 2026 was $3.0 million, representing a 115% increase from $1.4 million in the first quarter of 2025.
Total Operating Expense
Total operating expense for the first quarter of 2026 was $3.0 million, an increase of $0.4 million compared to $2.6 million in the first quarter of 2025.
Net Loss
SolarMax Technology, Inc. reported a net loss of -$0.3 million, or -$0.01 per share, for the first quarter of 2026. This represents a $1.0 million improvement from a net loss of -$1.3 million, or -$0.03 per share, in the first quarter of 2025.
Operational Insights
The significant year-over-year improvement in financial results was primarily driven by engineering, procurement, and construction (EPC) services on the company’s first large-scale energy storage initiative, which commenced in the third quarter of 2025. The company’s performance reflects continued execution across its EPC platform and improving operating efficiency.
Outlook
SolarMax Technology, Inc. remains focused on expanding its project pipeline and positioning the company for long-term growth. This growth is driven by the increasing demand for integrated solar and storage infrastructure.