SolarMax Technology, Inc. (SMXT) AI Stock Analysis

• Market Cap: $50.87M
• Dividend Yield: N/A
• Average Volume (3M): 114.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: -57.54%
• EPS Growth: -8091.75%
• Country: US
• Employees: 76
• Sector: General
• Sector Strength: N/A
• Industry: Solar
• EPS (TTM): -0.78
• Shares Outstanding: 45,832,657
• 10 Day Avg. Volume: 77,761
• 30 Day Avg. Volume: 114,858
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.40
• Price to Cash Flow (P/CF): -9.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

The overall stock score of 27 reflects significant financial distress, with declining revenues and negative profitability leading to serious solvency issues. Technical analysis indicates bearish momentum, while poor valuation metrics and lack of dividends add to the negative outlook. Urgent financial and operational restructuring is required to stabilize the company's financial position.

SolarMax Technology, Inc. Business Overview & Revenue Model

Company Description

SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects. It serves residential, commercial, and government customers. The Company was incorporated in 2008 and is based in Riverside, California.

How the Company Makes Money

SolarMax Technology, Inc. generates revenue primarily through the sale and installation of solar power systems. Key revenue streams include the direct sale of solar panels and related equipment to residential and commercial customers, as well as offering installation services. Additionally, the company may provide financing options and maintenance services, which contribute to its earnings. Partnerships with financial institutions or energy companies may also play a role in facilitating sales and expanding market reach.

SolarMax Technology, Inc. Financial Statement Overview

Summary

SolarMax Technology, Inc. faces significant financial challenges. The company shows declining revenue and negative profitability margins, highlighting operational inefficiencies and poor earnings performance. The balance sheet reveals high leverage and negative stockholders' equity, indicating potential insolvency issues. Additionally, negative cash flows reflect liquidity constraints.

Income Statement

The company shows declining revenue over the trailing twelve months with a significant drop from the previous annual period. Gross Profit Margin and Net Profit Margin are negative, indicating operational inefficiencies and losses. The EBIT and EBITDA margins are also negative, highlighting poor earnings performance.

Balance Sheet

The balance sheet reveals a high level of debt with negative stockholders' equity, resulting in a negative debt-to-equity ratio. This indicates financial instability and high leverage. The equity ratio is negative due to the deficit in shareholder equity, pointing to potential insolvency issues.

Cash Flow

Cash flow analysis shows a negative free cash flow, which has deteriorated significantly compared to prior periods. The operating cash flow is insufficient to cover net income losses, reflecting strained liquidity. The free cash flow to net income ratio is unfavorable, indicating challenges in converting earnings into cash flows.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2018
Income Statement		Total Revenue
28.79M	54.14M	44.72M	37.74M	131.58M	89.83M
	Gross Profit
3.17M	11.15M	7.48M	5.95M	16.45M	9.25M
	EBIT
-30.48M	483.85K	-7.97M	-6.20M	3.74M	-10.95M
	EBITDA
-28.11M	3.56M	-3.63M	-1.26M	5.22M	-12.15M
	Net Income Common Stockholders
-30.97M	434.79K	-6.87M	-3.32M	974.05K	-14.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.45M	2.54M	3.82M	9.89M	17.01M	17.44M
	Total Assets
71.14M	48.66M	61.48M	72.02M	96.14M	111.02M
	Total Debt
51.64M	41.88M	47.98M	48.53M	57.47M	64.32M
	Net Debt
44.19M	39.35M	44.16M	38.64M	40.46M	46.89M
	Total Liabilities
80.35M	64.54M	77.69M	80.46M	101.57M	109.44M
	Stockholders Equity
-9.21M	-15.89M	-16.21M	-8.45M	-5.22M	1.73M
Cash Flow		Free Cash Flow
-3.31M	3.79M	-2.06M	-5.35M	-23.27M	-15.29M
	Operating Cash Flow
-3.34M	3.81M	-1.97M	-5.35M	-23.17M	-14.87M
	Investing Cash Flow
-7.69M	-6.55K	-280.52K	2.03M	11.22M	648.34K
	Financing Cash Flow
8.51M	-5.05M	-7.50M	-5.07M	23.50M	5.46M

SolarMax Technology, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMXT, the sentiment is Negative. The current price of 1.16 is above the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.21, and below the 200-day MA of 1.66, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.90 is Neutral, neither overbought nor oversold. The STOCH value of 56.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMXT.

SolarMax Technology, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZEO	59 Neutral	$83.74M	―	-9.81%	―	―	-1707.68%
Sector *	55 Neutral	$4.17B	-1.50	-15.12%	5.20%	17.18%	-44.55%
SOL	46 Neutral	$67.23M	―	-3.99%	―	-12.04%	-39.46%
TYGO	42 Neutral	$52.63M	―	-176.23%	―	-43.25%	-82.90%
SPRU	40 Underperform	$35.25M	―	-39.70%	―	2.37%	-10.00%
MAXN	33 Underperform	$54.28M	―	307.38%	―	-43.42%	-53.77%
SMXT	27 Underperform	$50.87M	―		―	-57.54%	-8091.75%