SolarMax Technology, Inc. ( (SMXT) ) has released its Q3 earnings. Here is a breakdown of the information SolarMax Technology, Inc. presented to its investors.
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SolarMax Technology, Inc., an integrated solar and renewable energy company, specializes in the sale and installation of photovoltaic and battery backup systems for residential and commercial customers, as well as providing LED systems and services. In its latest earnings report, SolarMax Technology highlighted a significant increase in revenues for the third quarter of 2025, driven primarily by its expansion into engineering, procurement, and construction (EPC) services for industrial projects in the United States. The company’s revenue for the quarter reached $30.6 million, a substantial rise from $6.3 million in the same period last year, with EPC services accounting for a major portion of this growth. Despite the revenue increase, SolarMax reported a net loss of $2.3 million for the quarter, an improvement from the $9.6 million loss in the previous year, as the company continues to manage its operating expenses and interest costs. Looking ahead, SolarMax Technology’s management remains focused on expanding its U.S. operations and exploring opportunities to convert existing debt into long-term convertible notes to strengthen its financial position.