SolarMax Technology Third Quarter 2024 Earnings: US$0.21 loss per share (vs US$0.037 profit in 3Q 2023)

In This Article:

SolarMax Technology (NASDAQ:SMXT) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$6.33m (down 56% from 3Q 2023).

  • Net loss: US$9.62m (down from US$1.47m profit in 3Q 2023).

  • US$0.21 loss per share (down from US$0.037 profit in 3Q 2023).

earnings-and-revenue-history
NasdaqGM:SMXT Earnings and Revenue History November 16th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

SolarMax Technology shares are down 1.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for SolarMax Technology (of which 3 are a bit concerning!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.