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SMXT · NASDAQ · Solar

SolarMax Technology (SMXT)

Sells and installs solar, battery-backup, LED, and large-scale EPC systems.

$2.35
vs last close+0.06 (+2.62%)
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Solarmax Technology Inc. Common StockSMXT
Information Technology

Sells and installs photovoltaic and battery-backup systems for residential and commercial customers, alongside LED systems and services. The company has expanded into large-scale EPC work, while inactive China subsidiaries no longer generate reported revenue.

Sells and installs photovoltaic and battery-backup systems for residential and commercial customers. Its offerings also include LED systems and services for government and commercial users, while SMX Capital owns and maintains systems under existing leases.

Large-scale engineering, procurement and construction work extends the company’s energy-services offering. Operations are now concentrated in the United States; its China subsidiaries are inactive and have generated no China-segment revenue since after 2021.

Co-founder David Hsu has served as CEO and director since the company’s formation. The annual report says the business is largely dependent on his continued efforts, and the company remains subject to Nasdaq’s minimum-bid-price compliance process.

Company facts

CEODavid Hsu
ListedFeb 27, 2024
ExchangeNASDAQ
HeadquartersRiverside, CA
CountryUnited States
Employees82
CIK0001519472
ISINUS83419H2022

Market cap$10.9M
EPS (ttm)−$1.35
P/E (ttm)−1.70
ROE
P/B
P/S0.1098
Dividend yieldDiv yield
Beta1.15vs XLK 0.56

No analyst consensus on record.

EPSReportedEstimate

Aug '24Nov '24Mar '25May '25Aug '25Nov '25Apr '26May '26
Reported−$0.05−$0.04−$0.08−$0.03−$0.04−$0.04−$0.19−$0.01
Estimate
Surprise

RevenueReportedEstimate

Aug '24Nov '24Mar '25May '25Aug '25Nov '25Apr '26May '26
Reported$4.5M$6.3M$6.4M$6.9M$6.9M$30.6M$46.6M$14.8M
Estimate$6.9M$30.6M
Surprise0.0%0.0%
Estimate
Reported−$0.01
Estimate
Reported$14.8M
View details

Current ratio78.60%

ProfitabilityRevenueNet incomeNet margin

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26
Revenue$4.5M$6.3M$6.4M$6.9M$6.9M$30.6M$46.6M$14.8M
Net income−$2.2M−$9.6M−$3.9M−$1.3M−$1.9M−$2.3M−$872.0K−$306.7K
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26
Operating income−$2.4M−$10.0M−$1.8M−$1.2M−$1.8M−$1.9M−$1.6M−$155.7K
YoY growthLoss widenedTurned lossTurned lossLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

Balance sheet, Mar 31, 2026Cash & short-term investments $4.3M · Total debt $36.3M · Total assets $106.2M · Shareholders' equity −$11.4M

Revenue
$14.8M
Operating income
−$155.7K
Net income
−$306.7K
View details

No dividends on record.

Institutions3.15%149.5K shares
19 holders · as of Jun 30, 2026
Insiders14.04%665.6K shares
3 holders · as of Jun 12, 2025
Other82.81%3.93M shares
remainder

4.74M company shares as of Sep 20, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Bingwen David HsuInsiderdirector, 10 percent owner, officer: Chief Executive Officer
7.09%336,025filed Feb 14, 2025
Simon YuanInsiderdirector
3.86%183,091filed Feb 11, 2025
Wei Yuan ChenInsiderdirector
3.09%146,473filed Jun 12, 2025
Vanguard Capital Management LLCInstitution
1.14%651,394as of Jun 30, 2026
Geode Capital Management, LLCInstitution
0.66%377,789as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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SolarMax Technology$2.35+2.62%$10.9M0.1+114.1%
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Median184.3101.810.1+19.0%