SolarMax Technology Past Earnings Performance

Past criteria checks 0/6

SolarMax Technology's earnings have been declining at an average annual rate of -32.9%, while the Electrical industry saw earnings growing at 16.2% annually. Revenues have been declining at an average rate of 16.1% per year.

Key information

-32.9%

Earnings growth rate

-31.2%

EPS growth rate

Electrical Industry Growth	9.9%
Revenue growth rate	-16.1%
Return on equity	n/a
Net Margin	-107.6%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

Optimistic Investors Push SolarMax Technology, Inc. (NASDAQ:SMXT) Shares Up 29% But Growth Is Lacking

Nov 22

SolarMax Technology: Struggling Due To NEM 3.0 And Cash Is Running Low

Jul 09

Revenue & Expenses Breakdown

How SolarMax Technology makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:SMXT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	29	-31	11
30 Jun 24	37	-20	28
31 Mar 24	47	-20	28
31 Dec 23	54	0	11
30 Sep 23	56	1	11
30 Jun 23	53	-2	11
31 Mar 23	48	-5	14
31 Dec 22	45	-7	15
30 Sep 22	39	-9	16
30 Jun 22	35	-7	16
31 Mar 22	40	-3	12
31 Dec 21	38	-3	12
31 Dec 20	132	1	13
30 Sep 19	57	-11	19
30 Jun 19	66	-14	21
31 Mar 19	87	-15	21
31 Dec 18	90	-15	20
30 Sep 18	88	-14	18
30 Jun 18	94	-11	17
31 Mar 18	88	-9	17
31 Dec 17	89	-12	19
30 Sep 17	81	-12	22
30 Jun 17	60	-15	22
31 Mar 17	63	-13	21
31 Dec 16	79	-8	18
30 Sep 16	75	-6	12
30 Jun 16	76	-5	12
31 Mar 16	56	-6	11
31 Dec 15	36	-7	10
31 Dec 14	38	-9	11

Quality Earnings: SMXT is currently unprofitable.

Growing Profit Margin: SMXT is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SMXT is unprofitable, and losses have increased over the past 5 years at a rate of 32.9% per year.

Accelerating Growth: Unable to compare SMXT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SMXT is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (5.1%).

Return on Equity

High ROE: SMXT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 17:22
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SolarMax Technology, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution