SolarMax Technology Inc

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SolarMax Technology, Inc. is an integrated solar and renewable energy company. The firm engages in the provision of global energy solutions for residential and commercial markets. Its solar products include home solar, SMX solar panels, home battery, and electric car charging. The firm operates through the following segments: the United States and China. The United States operations consist of the sale and installation of photovoltaic and battery backup systems for residential and commercial customers, and sales of LED systems and services to government and commercial users. The China operations consist of identifying and procuring solar farm projects for resale to third parties and performing EPC services for solar farm projects. The company was founded by David Hsu, Simon Yuan and Ching Liu in January 2008 and is headquartered in Riverside, CA.

RIVERSIDE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, has entered into a Memorandum of Understanding (MOU) with SOS Limited (NYSE: SOS), whose business activities include cryptocurrency mining, to develop large-scale solar power and battery storage facilities in Nevada, Texas and Florida to provide power for SOS' blockchain and cryptocurrency operations.

SolarMax Technology Signs MOU for Cryptocurrency Solar Projects in the U.S.

RIVERSIDE, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended September 30, 2024.

SolarMax Technology Reports Third Quarter 2024 Financial Results

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ORLANDO, FL / ACCESSWIRE / August 23, 2024 / RedChip Companies will air interviews with OKYO Pharma Ltd. (Nasdaq:OKYO) and SolarMax Technology, Inc. (Nasdaq:SMXT) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, August 24, at 7 p.m.

OKYO Pharma and SolarMax Technology Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV

RIVERSIDE, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, signed a non-binding term sheet for a significant new commercial solar project in California. The project, a major mall in the San Jose area, represents another step forward in SolarMax' ongoing strategy to expand its solar development capabilities in the US commercial market.

SolarMax Technology Expands US Footprint with New Commercial Solar Project in California

RIVERSIDE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended June 30, 2024.

SolarMax Technology Reports Second Quarter 2024 Financial Results

RIVERSIDE, Calif. , Aug. 6, 2024 /PRNewswire/ -- SolarMax Technology, Inc. (Nasdaq: SMXT) ("SolarMax" or the "Company"), an integrated renewable energy company, is pleased to announce its plan to expand its business in the U.S. market, dedicated to leading the revolution with innovative smart solar systems.

SolarMax Technology, Inc. Announces Proposed Milestone Project in the U.S., Establishing Its Leadership Position

RIVERSIDE, Calif., July 24, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, announced that it plans to offer engineering, procurement and construction services, known as EPC services, for large scale solar systems in the United States, which would include both solar power and EV charging stations. As the initial step in this business plan, SolarMax has signed a non-binding memorandum of understanding for its first major commercial solar installation project in the United States. This proposed project, to be located in Las Vegas, marks a potentially significant milestone in SolarMax' strategy to offer large scale EPC services in the U.S. EPC services encompass the comprehensive management of a solar project from the initial feasibility studies and design through procurement and construction.

SolarMax Technology, Inc. Plans to Offer EPC Services in the United States

The company raised $18 million through an IPO in February, but operating cash flow was negative $6.4 million in Q1 2024 alone. The shareholders' equity is in the red and I think that SolarMax Technology is likely to run out of liquidity by the end of the year. In my view, the business of SolarMax Technology could be close to worthless in its current state, but short selling seems dangerous.

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

RIVERSIDE, CA / ACCESSWIRE / May 16, 2024 / SolarMax Technology, Inc. (Nasdaq:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights Revenues were $5.8 million, compared to $12.9 million in the first quarter of 2023.

SolarMax Technology, Inc. Reports First Quarter 2024 Financial Results

Every investor dreams of discovering a stock that promises not just growth but exponential returns. For 2024, one such stock is SolarMax Technology, Inc. (NASDAQ: SMXT)—a company that has caught the attention of the investing public.

Why this stock could be the surprise millionaire maker of the year!

RIVERSIDE, CA / ACCESSWIRE / April 16, 2024 / SolarMax Technology, Inc. (NASDAQ:SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, today reported financial results for its fiscal year ended December 31, 2023. Fiscal Year 2023 Financial Highlights Revenue increased to $54.1 million, up 21% from 2022 Gross profit increased to $11.1 million, up 49% from 2022 Gross margin improved to 21%, up from 17% in 2022 Total operating expense decreased to $10.7 million, down 31% from 2022 Net income improved to $0.4 million, from a net loss of $6.9 million in 2022 "We are proud to report a year of growth and operational progress for SolarMax," stated David Hsu, CEO of SolarMax.

SolarMax Technology, Inc. Reports Fiscal Year 2023 Financial Results

RIVERSIDE, CA, March 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – SolarMax Technology, Inc. (“SolarMax” or the “Company”)  (Nasdaq SMXT), an integrated solar energy company, announced today that the underwriters of its recently completed initial public offering (“IPO”) of common stock have purchased 539,950 shares of common stock upon partial exercise of their option to purchase additional shares of common stock to cover over-allotments at the initial public offering price of $4.00 per share.

SolarMax Technology, Inc. Announces Exercise of Overallotment Option From Initial Public Offering

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RIVERSIDE, Calif., Feb. 29, 2024 /PRNewswire/ -- SolarMax Technology, Inc. ("SolarMax" or the "Company")  (Nasdaq SMXT), an integrated solar energy company, today announced the closing of its initial public offering of 4,500,000 shares of common stock at an initial public offering price of $4.00 per share.

SolarMax Technology, Inc. Announces Closing of Initial Public Offering

RIVERSIDE, Calif. , Feb. 27, 2024 /PRNewswire/ -- SolarMax Technology, Inc. ("SolarMax" or the "Company") (Nasdaq SMXT), an integrated solar energy company, today announced the pricing of its initial public offering of common stock for gross proceeds of $18 million, prior to deducting the underwriting discounts, commissions and offering expenses payable by the Company.

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

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