For the quarter ending 2025-09-30, SMXT made $30,602,588 in revenue. -$2,258,104 in net income. Net profit margin of -7.38%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenues | 30,602,588 | 6,883,004 | 6,927,469 | 6,100,487 |
| Cost of revenues (includes stock-based compensation expense of 78,411 and 1,264,690 for the nine months ended september 30, 2025 and 2024, respectively) | 29,646,380 | 6,278,443 | 5,508,398 | 5,865,910.5 |
| Goodwill impairment loss | - | - | - | -629 |
| Gross profit | 956,208 | 604,561 | 1,419,071 | 234,576.5 |
| General and administrative (includes stock-based compensation expense of 442,310 and 17,271,494 for the nine months ended september 30, 2025 and 2024, respectively) | 2,918,283 | 2,302,564 | 2,495,563 | 10,428,789.5 |
| Selling and marketing | 146,157 | 70,691 | 79,012 | 145,067 |
| Asset impairment | 0 | - | - | - |
| Total operating expense | 3,064,440 | 2,373,255 | 2,574,575 | 10,572,913 |
| Operating income (loss) | -2,108,232 | -1,768,694 | -1,155,504 | -10,338,336.5 |
| Interest income | 120,067 | 226,664 | 120,205 | 76,443.5 |
| Interest expense | 355,850 | 362,637 | 369,403 | 390,702.5 |
| Equity in income (loss) of solar project companies | 169,303 | 144,006 | -14,260 | 71,061 |
| Gain (loss) on debt extinguishment | -662,266 | -313,953 | - | 33,526.5 |
| Gain (loss) on early termination of lease | 0 | 0 | - | 19,301.75 |
| Other income (expense), net | 63,363 | 69,620 | 59,086 | -217,335 |
| Total other income (expense) | -665,383 | -236,300 | -204,372 | -388,403 |
| Income (loss) before income taxes | -2,773,615 | -2,004,994 | -1,359,876 | -10,726,739.5 |
| Income tax provision (benefit) | -515,511 | -106,217 | -63,634 | 860,951.5 |
| Net income (loss) | -2,258,104 | -1,898,777 | -1,296,242 | -11,587,691 |
| Basic | 52,711,070 | 45,824,048 | 44,417,782 | -272,479.333 |
| Diluted | 52,711,070 | 45,824,048 | 44,417,782 | -272,479.333 |
| Net income (loss) per share basic | -0.04 | -0.04 | -0.03 | -0.193 |
| Net income (loss) per share diluted | -0.04 | -0.04 | -0.03 | -0.193 |
SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc. (SMXT)