SolarMax Technology, Inc. (SMXT) AI Stock Analysis

• Market Cap: $51.67M
• Dividend Yield: N/A
• Average Volume (3M): 198.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: -48.65%
• EPS Growth: 13.64%
• Country: US
• Employees: 76
• Sector: General
• Sector Strength: N/A
• Industry: Solar
• EPS (TTM): -0.03
• Shares Outstanding: 47,407,608
• 10 Day Avg. Volume: 427,361
• 30 Day Avg. Volume: 198,825
• PEG Ratio: -0.23
• Price to Book (P/B): -10.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -86.62
• Enterprise Value/Market Cap: 4.30
• Enterprise Value/Revenue: 1.97
• Enterprise Value/Gross Profit: 52.92
• Enterprise Value/Ebitda: -2.52
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: $1.00 ▼(-9.09%Downside)

The overall stock score of 40 reflects significant financial challenges faced by SolarMax Technology, Inc., including negative equity and poor cash flow. Technical indicators suggest a bearish trend, and valuation metrics are unfavorable due to ongoing losses. Without any notable earnings call insights or corporate events, the score is primarily driven by financial performance and technical analysis.

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 difficulties across all verticals. The income statement reflects continued losses and declining revenue, while the balance sheet shows a precarious position with negative equity. Although cash flow statements indicate some investment inflows, core cash generation remains problematic. The overall financial health suggests high risk, emphasizing the need for strategic adjustments to improve financial stability and growth.

Income Statement

The income statement reflects a challenging financial performance with consistent net losses and declining revenues over recent years. The gross profit margin stands at approximately 17.4% for TTM, which is relatively low. The net profit margin is negative due to substantial net losses. Revenue has decreased significantly from 2020, indicating struggles with growth and market position.

Balance Sheet

The balance sheet reveals financial instability with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is negative due to negative equity, highlighting potential financial risk. The equity ratio is also negative, reinforcing concerns about financial structure and solvency.

Cash Flow

Cash flow statements show negative operating and free cash flows, indicating cash outflows exceed inflows from operations. The increase in investing cash flow for TTM suggests asset sales or investments, but overall cash flow stability remains a concern. Operating cash flow to net income ratio is negative due to consistent losses, underscoring cash generation issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.15M	22.99M	54.14M	44.72M	37.74M	131.58M
Gross Profit	4.20M	2.31M	11.15M	7.48M	5.95M	16.45M
EBITDA	-12.76M	-30.19M	3.56M	-3.63M	-1.26M	5.22M
Net Income	-16.99M	-34.96M	434.79K	-6.87M	-3.32M	974.05K
Balance Sheet
Total Assets	38.59M	38.63M	48.66M	61.48M	72.02M	96.14M
Cash, Cash Equivalents and Short-Term Investments	6.84M	7.12M	2.54M	3.82M	9.89M	17.01M
Total Debt	34.44M	34.84M	41.88M	47.98M	48.53M	57.47M
Total Liabilities	54.47M	53.71M	64.54M	77.69M	80.46M	101.57M
Stockholders Equity	-15.87M	-15.08B	-15.89M	-16.21M	-8.45M	-5.22M
Cash Flow
Free Cash Flow	-3.33M	-9.13M	3.79M	-2.06M	-5.35M	-23.27M
Operating Cash Flow	-3.33M	-9.13M	3.81M	-1.97M	-5.35M	-23.17M
Investing Cash Flow	94.09M	-6.32M	-6.55K	-280.52K	2.03M	11.22M
Financing Cash Flow	-1.89M	13.31M	-5.05M	-7.50M	-5.07M	23.50M

SolarMax Technology, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 1.1 is below the 20-day moving average (MA) of 1.11, below the 50-day MA of 1.14, and below the 200-day MA of 1.22, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 50.51 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	$137.56M	―	-9.81%	―	―	-1707.68%
SOL	58 Neutral	$95.97M	―	-1.63%	―	-19.52%	64.89%
Sector *	57 Neutral	$5.70B	25.46	-31.26%	5.61%	10.88%	-29.73%
TYGO	54 Neutral	$82.48M	―	-200.49%	―	-39.94%	-38.95%
SPRU	47 Neutral	$34.94M	―	-49.28%	―	8.97%	-68.08%
MAXN	46 Neutral	$62.18M	―	307.38%	―	-54.68%	63.56%
SMXT	40 Underperform	$51.67M	―		―	-48.65%	13.64%