Earnings summaries and quarterly performance for SolarMax Technology.
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Board of directors at SolarMax Technology.
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SolarMax Technology Secures Over $416 Million in New EPC Contracts
SMXT
New Projects/Investments
Revenue Acceleration/Inflection
- SolarMax Technology, Inc. (SMXT) subsidiary, SolarMax Renewable Energy Provider, Inc., secured three Engineering, Procurement and Construction (EPC) agreements on December 31, 2025, for utility-scale battery energy storage systems.
- These contracts are expected to generate approximately $416.4 million in total revenue, comprising $158.3 million for two projects in Puerto Rico and $258.1 million for one project in Corpus Christi, Texas.
- The projects will deliver a combined 1,000 megawatt-hours (MWh) of battery storage capacity, with 400 MWh in Puerto Rico and 600 MWh in Texas.
- SolarMax will also acquire a 9% equity interest in the two Puerto Rico projects.
- These agreements are projected to significantly enhance SolarMax's forward revenue visibility, adding a substantial multi-year revenue stream through 2027.
Jan 6, 2026, 9:06 PM
SolarMax Technology Reports Third Quarter 2025 Financial Results
SMXT
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- SolarMax Technology, Inc. reported revenue of $30.6 million for Q3 2025, an increase of 383% from Q3 2024.
- The net loss for Q3 2025 improved to $2.3 million, or $0.04 per share, compared to a net loss of $9.6 million, or $0.21 per share, in Q3 2024.
- Gross profit for the quarter was $956,000, a 24% decrease from Q3 2024, primarily due to the accounting treatment of $24.1 million in revenue from the new Texas battery storage project, which did not generate significant gross profit in the period.
- Total operating expense was significantly reduced by $8.2 million to $3.1 million in Q3 2025 compared to Q3 2024.
Nov 17, 2025, 6:38 PM
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