Quarterly ResultMay 18, 2026, 09:36 AM
SolarMax Q1 Revenue $14.8M (+114%); Net Loss Narrows to $0.3M
AI Summary
SolarMax Technology, Inc. reported strong financial results for the first quarter of 2026, with revenue increasing by 114% to $14.8 million. The company significantly improved its net loss, narrowing it to $0.3 million, or $0.01 per share, compared to a $1.3 million loss in the prior year. CEO David Hsu attributed the performance to strong operational momentum and the commencement of large-scale energy storage EPC services.
Key Highlights
- Revenue increased 114% to $14.8 million in Q1 2026 from $6.9 million in Q1 2025.
- Gross profit rose 115% to $3.0 million in Q1 2026 from $1.4 million in Q1 2025.
- Net loss improved by $1.0 million to $0.3 million, or $0.01 per share.
- Total operating expense increased by $0.4 million to $3.0 million.
- Performance driven by EPC services on large-scale energy storage initiatives.
Price Impact
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