Financial Snapshot

Revenue
$28.79M
TTM
Gross Margin
9.91%
TTM
Net Earnings
-$30.97M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
64.08%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$10.94M
Q3 2024
Cash
Q3 2024
P/E
-3.333
Nov 29, 2024 EST
Free Cash Flow
$3.062M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Revenue $54.14M $44.72M $37.74M $131.6M $89.83M $88.93M $78.82M $36.24M $38.11M
YoY Change 21.07% 18.49% -71.32% 1.01% 12.83% 117.47% -4.9%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Revenue $54.14M $44.72M $37.74M $131.6M $89.83M $88.93M $78.82M $36.24M $38.11M
Cost Of Revenue $42.99M $37.24M $31.79M $115.1M $79.96M $76.26M $61.47M $23.86M $26.85M
Gross Profit $11.15M $7.482M $5.946M $16.45M $9.251M $10.58M $13.95M $10.66M $10.24M
Gross Profit Margin 20.59% 16.73% 15.76% 12.5% 10.3% 11.9% 17.7% 29.4% 26.87%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Selling, General & Admin $10.67M $15.88M $12.15M $12.71M $20.20M $18.80M $17.80M $16.51M $16.31M
YoY Change -32.82% 30.69% -4.42% 7.46% 5.62% 7.83% 1.19%
% of Gross Profit 95.66% 212.19% 204.27% 77.25% 218.37% 177.65% 127.56% 154.9% 159.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $180.7K $277.9K $359.9K $1.482M $618.8K $2.084M $3.395M $1.731M $1.021M
YoY Change -34.99% -22.77% -75.72% -70.31% -38.61% 96.14% 69.52%
% of Gross Profit 1.62% 3.71% 6.05% 9.01% 6.69% 19.7% 24.33% 16.24% 9.97%
Operating Expenses $10.67M $15.88M $12.15M $12.71M $20.82M $20.88M $21.19M $18.24M $17.33M
YoY Change -32.82% 30.69% -4.42% -0.3% -1.46% 16.21% 5.21%
Operating Profit $483.9K -$8.394M -$6.201M $3.742M -$11.57M -$10.30M -$7.241M -$7.581M -$7.093M
YoY Change -105.76% 35.37% -265.72% 12.31% 42.26% -4.49% 6.88%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Interest Expense -$543.8K -$2.159M -$630.8K -$2.144M -$1512B -$1402B -$2249B -$1573B -$1177B
YoY Change -74.81% 242.2% -70.58% 7.82% -37.64% 42.99% 33.64%
% of Operating Profit -112.38% -57.31%
Other Income/Expense, Net $399.5K $694.9K $401.7K $123.5K $1512B $1402B $2249B $1573B $1177B
YoY Change -42.51% 73.0% 225.26% 7.82% -37.64% 42.99% 33.64%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Pretax Income $370.6K -$6.832M -$3.621M $2.441M -$14.22M -$9.722M -$6.479M -$8.479M -$8.526M
YoY Change -105.42% 88.68% -248.34% 46.23% 50.04% -23.58% -0.56%
Income Tax -$64.19K $41.43K -$300.7K $1.488M -$5.729K $1.075M $862.3K -$557.5K $266.3K
% Of Pretax Income -17.32% 60.96%
Net Earnings $434.8K -$6.873M -$3.320M $974.1K
YoY Change -106.33% 107.01% -440.87%
Net Earnings / Revenue 0.8% -15.37% -8.8% 0.74%
Basic Earnings Per Share $0.01 -$0.17
Diluted Earnings Per Share $0.01 -$0.15 -$0.07 $0.02

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Cash & Short-Term Investments $2.539M $3.822M $9.886M $17.01M $17.44M $26.88M $21.75M $3.982M $7.446M
YoY Change -33.56% -61.34% -41.88% -35.14% 23.61% 446.13% -46.52%
Cash & Equivalents $2.539M $3.822M $9.886M $17.01M
Short-Term Investments
Other Short-Term Assets $4.414M $3.438M $6.126M $6.444M $1.450M $1.245M $4.841M $3.911M $1.035M
YoY Change 28.41% -43.88% -4.95% 16.46% -74.28% 23.76% 277.92%
Inventory $1.341M $3.405M $3.356M $2.098M $3.336M $3.941M $4.354M $4.573M $5.892M
Prepaid Expenses
Receivables $8.977M $14.49M $17.08M $24.62M $36.68M $10.03M $7.839M $5.362M $1.558M
Other Receivables $2.649M $3.935M $6.027M $9.448M $11.70M $12.73M $9.475M $9.425M $5.781M
Total Short-Term Assets $19.92M $29.09M $42.48M $59.62M $70.60M $54.82M $48.26M $27.25M $21.71M
YoY Change -31.51% -31.53% -28.75% 28.78% 13.61% 77.07% 25.52%
Property, Plant & Equipment $5.703M $7.329M $650.6K $987.7K $1.716M $2.248M $3.356M $5.450M $7.377M
YoY Change -22.18% 1026.41% -34.13% -23.68% -33.01% -38.42% -26.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.698M $9.055M $9.299M $8.643M
YoY Change 7.11% -2.63% 7.6%
Other Assets $1.424M $1.392M $495.6K $343.8K
YoY Change 2.34% 180.84% 44.14%
Total Long-Term Assets $28.73M $32.39M $29.54M $36.52M $40.39M $40.12M $54.83M $60.32M $42.37M
YoY Change -11.3% 9.67% -19.12% 0.67% -26.83% -9.11% 42.37%
Total Assets $48.66M $61.48M $72.02M $96.14M $111.0M $94.94M $103.1M $87.57M $64.08M
YoY Change
Accounts Payable $3.384M $2.231M $5.537M $24.01M $32.50M $14.19M $17.70M $6.989M $1.562M
YoY Change 51.66% -59.7% -76.94% 128.95% -19.81% 153.29% 347.57%
Accrued Expenses $14.09M $10.84M $8.891M $8.812M $7.844M $1.212M $2.031M $1.386M $358.5K
YoY Change 29.9% 21.96% 0.91% 547.02% -40.31% 46.53% 286.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $1000B $18.28M $9.599M $3142B $2.061M
YoY Change 5471902.69% 90.39% -100.0% 152482849.77%
Long-Term Debt Due $22.04M $18.83M $20.43M $29.16M $18.16M $18.28M $9.599M $2.799M $2.061M
YoY Change 17.02% -7.83% -29.94% -0.62% 90.39% 242.96% 35.81%
Total Short-Term Liabilities $43.40M $46.51M $48.63M $69.32M $62.53M $37.87M $32.18M $18.37M $6.167M
YoY Change -6.69% -4.35% -29.85% 65.11% 17.69% 75.15% 197.91%
Long-Term Debt $14.27M $22.15M $28.10M $28.31M $43.74M $43.07M $46.50M $45.06M $44.45M
YoY Change -35.59% -21.15% -0.76% 1.56% -7.37% 3.2% 1.37%
Other Long-Term Liabilities $6.872M $9.019M $3.737M $3.944M $2.586M $2.142M $1.898M $2.168M $1.224M
YoY Change -23.8% 141.31% -5.25% 20.73% 12.87% -12.48% 77.11%
Total Long-Term Liabilities $21.14M $31.17M $31.83M $32.25M $46.33M $45.22M $48.40M $47.23M $45.67M
YoY Change -32.18% -2.07% -1.31% 2.47% -6.58% 2.48% 3.4%
Total Liabilities $64.54M $77.69M $80.46M $101.4M $109.4M $83.69M $80.67M $65.60M $51.84M
YoY Change -16.92% -3.45% -20.61% 30.73% 3.73% 22.98% 26.54%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2018 2017 2016 2015 2014
Basic Shares Outstanding 39.74M shares 39.74M shares
Diluted Shares Outstanding 40.03M shares 39.74M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $103.25 Million

About SolarMax Technology, Inc.

SolarMax Technology, Inc. is an integrated solar and renewable energy company. The company is headquartered in Riverside, California and currently employs 79 full-time employees. The company went IPO on 2024-02-27. The firm is primarily engaged in selling and installing integrated photovoltaic systems for residential and commercial customers in the United States; providing exterior and interior light-emitting diodes (LED) lighting sales and retrofitting services for governmental and commercial applications; identifying and procuring solar farm system projects for resale to third party developers and related services in the People’s Republic of China. The company also provides engineering, procuring and construction services; operating and maintaining solar farm projects in China; provides secured loans to purchasers of its photovoltaic systems and servicing installment sales; owning and funding renewable energy projects in the United States, and selling and installing backup battery systems for residential and commercial customers in the United States. The firm has two segments: the United States operations and the China operations.

Industry: Construction - Special Trade Contractors Peers: ESS Tech, Inc. Dragonfly Energy Holdings Corp. FREYR Battery GRAFTECH INTERNATIONAL LTD Amprius Technologies, Inc. SKYX Platforms Corp. STEM, INC. ULTRALIFE CORP