SMXT Chart
About

SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar and renewable energy company in the United States. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects. It serves residential, commercial, and government customers. SolarMax Technology, Inc. was incorporated in 2008 and is based in Riverside, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Solar Market Cap 40.09M
Enterprise Value 56.95M Income -9.36M Sales 50.85M
Book/sh -0.22 Cash/sh 0.21 Dividend Yield
Payout 0.00% Employees 76 IPO
P/E Forward P/E PEG
P/S 0.79 P/B -3.40 P/C
EV/EBITDA 5.42 EV/Sales 1.12 Quick Ratio 0.69
Current Ratio 0.73 Debt/Eq LT Debt/Eq
EPS (ttm) -0.19 EPS next Y EPS Growth
Revenue Growth 3.83% Earnings ROA 12.83%
ROE ROIC Gross Margin 7.70%
Oper. Margin -6.89% Profit Margin -18.40% Shs Outstand 54.30M
Shs Float 39.28M Short Float 1.51% Short Ratio 1.86
Short Interest 52W High 2.50 52W Low 0.61
Beta 0.76 Avg Volume 1.15M Volume 83.36K
Target Price Recom None Prev Close $0.74
Price $0.74 Change -0.75%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$0.74
Latest analyst target
3. DCF / Fair value
$5.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.74
Low
High
Mean
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-1.49M6.52K635.41K233.13K
TaxRateForCalcs0.210.210.210.08
NormalizedEBITDA-23.10M3.53M-6.66M-4.07M
TotalUnusualItems-7.08M31.03K3.03M2.81M
TotalUnusualItemsExcludingGoodwill-7.08M31.03K3.03M2.81M
NetIncomeFromContinuingOperationNetMinorityInterest-34.96M434.79K-6.87M-3.32M
ReconciledDepreciation1.55M1.61M1.37M359.86K
ReconciledCostOfRevenue20.67M42.99M37.24M31.79M
EBITDA-30.19M3.56M-3.63M-1.26M
EBIT-31.73M1.95M-5.00M-1.62M
NetInterestIncome-1.07M-1.51M-1.77M-1.81M
InterestExpense1.57M1.58M1.83M2.00M
InterestIncome500.54K68.85K61.62K185.58K
NormalizedIncome-29.37M410.27K-9.26M-5.90M
NetIncomeFromContinuingAndDiscontinuedOperation-34.96M434.79K-6.87M-3.32M
TotalExpenses48.63M53.66M52.69M43.94M
TotalOperatingIncomeAsReported-33.10M483.85K-7.97M-6.20M
DilutedAverageShares44.34M44.50M47.50M47.50M
BasicAverageShares44.34M44.50M44.50M47.50M
DilutedEPS-0.790.01-0.15-0.07
BasicEPS-0.790.01-0.15-0.07
DilutedNIAvailtoComStockholders-34.96M434.79K-6.87M-3.32M
NetIncomeCommonStockholders-34.96M434.79K-6.87M-3.32M
NetIncome-34.96M434.79K-6.87M-3.32M
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests-34.96M434.79K-6.87M-3.32M
NetIncomeContinuousOperations-34.96M434.79K-6.87M-3.32M
TaxProvision1.66M-64.19K41.43K-300.66K
PretaxIncome-33.30M370.59K-6.83M-3.62M
OtherIncomeExpense-6.59M1.39M2.90M4.39M
OtherNonOperatingIncomeExpenses-144.50K499.47K-616.12K712.69K
SpecialIncomeCharges-7.08M31.03K3.03M2.81M
OtherSpecialCharges-379.94K-31.03K-3.03M-2.81M
WriteOff0.00
ImpairmentOfCapitalAssets7.46M0.00
EarningsFromEquityInterest634.80K864.13K493.65K869.11K
NetNonOperatingInterestIncomeExpense-1.07M-1.51M-1.77M-1.81M
InterestExpenseNonOperating1.57M1.58M1.83M2.00M
InterestIncomeNonOperating500.54K68.85K61.62K185.58K
OperatingIncome-25.64M483.85K-7.97M-6.20M
OperatingExpense27.96M10.67M15.45M12.15M
SellingGeneralAndAdministration27.96M10.67M15.45M12.15M
SellingAndMarketingExpense517.06K1.16M1.08M1.21M
GeneralAndAdministrativeExpense27.44M9.51M14.37M10.94M
OtherGandA27.44M9.51M14.37M10.94M
GrossProfit2.31M11.15M7.48M5.95M
CostOfRevenue20.67M42.99M37.24M31.79M
TotalRevenue22.99M54.14M44.72M37.74M
OperatingRevenue22.99M54.14M44.72M37.74M
Line Item2024-12-31
TreasurySharesNumber1.26M
OrdinarySharesNumber45.27M44.50M44.50M44.50M
ShareIssued46.53M44.50M44.50M44.50M
NetDebt30.77M33.77M37.17M38.64M
TotalDebt34.84M41.88M47.98M48.53M
TangibleBookValue-15.08M-23.47M-23.98M-16.88M
InvestedCapital16.48M20.42M24.78M40.08M
WorkingCapital-13.79M-23.48M-17.43M-6.15M
NetTangibleAssets-15.08M-23.47M-23.98M-16.88M
CapitalLeaseObligations3.28M5.58M6.99M0.00
CommonStockEquity-15.08M-15.89M-16.21M-8.45M
TotalCapitalization-1.55M-1.62M5.95M19.65M
TotalEquityGrossMinorityInterest-15.08M-15.89M-16.21M-8.45M
MinorityInterest0.00
StockholdersEquity-15.08M-15.89M-16.21M-8.45M
GainsLossesNotAffectingRetainedEarnings-1.45M-1.28M-1.17M-280.53K
OtherEquityAdjustments-1.45M-1.28M-1.17M-280.53K
TreasuryStock1.98M1.81M1.81M1.81M
RetainedEarnings-103.59M-68.62M-69.06M-62.19M
AdditionalPaidInCapital91.89M55.79M55.79M55.79M
CapitalStock46.53K40.98K40.98K40.98K
CommonStock46.53K40.98K40.98K40.98K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest53.71M64.54M77.69M80.46M
TotalNonCurrentLiabilitiesNetMinorityInterest18.97M21.14M31.17M31.83M
OtherNonCurrentLiabilities2.11M2.79M3.55M3.74M
NonCurrentDeferredLiabilities1.62M0.00
NonCurrentDeferredTaxesLiabilities1.62M0.00
LongTermDebtAndCapitalLeaseObligation15.24M18.35M27.62M28.10M
LongTermCapitalLeaseObligation1.71M4.08M5.47M0.00
LongTermDebt13.53M14.27M22.15M28.10M
CurrentLiabilities34.74M43.40M46.51M48.63M
CurrentDeferredLiabilities1.62M2.49M9.41M4.87M
CurrentDeferredRevenue1.62M2.49M9.41M4.87M
CurrentDeferredTaxesLiabilities0.00
CurrentDebtAndCapitalLeaseObligation19.60M23.54M20.36M20.43M
CurrentCapitalLeaseObligation1.57M1.50M1.52M0.00
CurrentDebt18.03M22.04M18.83M20.43M
OtherCurrentBorrowings18.03M22.04M18.83M20.43M
PensionandOtherPostRetirementBenefitPlansCurrent3.28M4.48M2.39M4.33M
PayablesAndAccruedExpenses10.24M12.90M14.36M19.00M
CurrentAccruedExpenses2.17M3.78M5.37M4.43M
Payables8.07M9.11M8.98M14.57M
OtherPayable4.64M4.89M6.58M10.41M
TotalTaxPayable759.19K843.42K171.06K172.86K
IncomeTaxPayable147.78K145.94K171.06K172.86K
AccountsPayable2.67M3.38M2.23M3.98M
TotalAssets38.63M48.66M61.48M72.02M
TotalNonCurrentAssets17.68M28.73M32.39M29.54M
OtherNonCurrentAssets1.20M1.24M1.28M476.97K
NonCurrentPrepaidAssets156.62K
NonCurrentDeferredAssets0.00189.23K107.63K18.61K
NonCurrentDeferredTaxesAssets0.00189.23K107.63K18.61K
NonCurrentNoteReceivables3.08M4.32M6.84M10.66M
InvestmentsAndAdvances10.02M9.70M9.05M9.30M
LongTermEquityInvestment10.02M9.70M9.05M9.30M
InvestmentsinJointVenturesatCost0.00
InvestmentsinAssociatesatCost10.02M9.70M9.05M9.30M
GoodwillAndOtherIntangibleAssets0.007.58M7.77M8.43M
Goodwill0.007.58M7.77M8.43M
NetPPE3.38M5.70M7.33M650.61K
AccumulatedDepreciation-5.85M-6.08M-6.03M-5.90M
GrossPPE9.23M11.79M13.36M6.55M
Leases2.29M2.34M2.35M2.37M
ConstructionInProgress9.05M9.30M
OtherProperties4.84M7.08M8.55M1.66M
MachineryFurnitureEquipment2.10M2.37M2.46M2.52M
Properties0.000.000.000.00
CurrentAssets20.95M19.92M29.09M42.48M
OtherCurrentAssets626.82K1.34M1.38M802.87K
CurrentDeferredAssets1.84M2.26M2.06M2.13M
RestrictedCash0.003.20M
PrepaidAssets667.14K1.30M0.00
Inventory1.30M1.34M3.40M3.36M
InventoriesAdjustmentsAllowances-642.30K-596.37K-485.50K-415.14K
FinishedGoods602.72K601.70K3.89M1.12M
WorkInProcess34.01K58.20K
RawMaterials1.34M1.34M2.58M2.60M
Receivables9.39M11.14M18.42M23.11M
OtherReceivables893.75K985.82K5.14M8.13M
DuefromRelatedPartiesCurrent2.96M3.73M3.82M4.16M
TaxesReceivable0.0062.27K614.95K
AccruedInterestReceivable11.92K32.54K29.12K36.14K
NotesReceivable0.002.03M
LoansReceivable1.29M2.21M3.44M4.94M
AccountsReceivable4.23M4.18M5.93M3.21M
CashCashEquivalentsAndShortTermInvestments7.12M2.54M3.82M9.89M
OtherShortTermInvestments6.34M0.000.00
CashAndCashEquivalents786.33K2.54M3.82M9.89M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-9.13M4.06M-2.06M-5.35M
RepaymentOfDebt-5.55M-4.85M-7.14M-7.19M
IssuanceOfDebt900.00K0.000.001.86M
IssuanceOfCapitalStock18.95M0.000.00
CapitalExpenditure-28.00K-83.47K
InterestPaidSupplementalData1.36M1.09M1.63M
IncomeTaxPaidSupplementalData158.79K177.38K4.52K371.70K
EndCashPosition1.06M2.89M4.17M13.40M
BeginningCashPosition2.89M4.17M13.40M21.85M
EffectOfExchangeRateChanges305.90K-37.86K518.74K-58.48K
ChangesInCash-2.14M-1.24M-9.75M-8.39M
FinancingCashFlow13.31M-5.32M-7.50M-5.07M
CashFlowFromContinuingFinancingActivities13.31M-5.32M-7.50M-5.07M
NetOtherFinancingCharges-995.87K-472.95K-356.33K266.06K
NetCommonStockIssuance18.95M0.000.00
CommonStockIssuance18.95M0.000.00
NetIssuancePaymentsOfDebt-4.65M-4.85M-7.14M-5.33M
NetShortTermDebtIssuance900.00K0.00
ShortTermDebtIssuance900.00K0.00
NetLongTermDebtIssuance-5.55M-4.85M-7.14M-5.33M
LongTermDebtPayments-5.55M-4.85M-7.14M-7.19M
LongTermDebtIssuance0.001.86M
InvestingCashFlow-6.32M-6.55K-280.52K2.03M
CashFlowFromContinuingInvestingActivities-6.32M-6.55K-280.52K2.03M
NetOtherInvestingChanges-288.86K-1.64M
DividendsReceivedCFI0.00107.11K
NetInvestmentPurchaseAndSale-6.34M0.00
SaleOfInvestment1.35M0.00
PurchaseOfInvestment-7.69M0.00
NetBusinessPurchaseAndSale0.003.52M
SaleOfBusiness0.003.52M
NetPPEPurchaseAndSale20.97K-6.55K8.33K39.89K
SaleOfPPE20.97K21.45K91.80K39.89K
PurchaseOfPPE0.00-28.00K-83.47K0.00
OperatingCashFlow-9.13M4.09M-1.97M-5.35M
CashFlowFromContinuingOperatingActivities-9.13M4.09M-1.97M-5.35M
ChangeInWorkingCapital-3.99M1.82M3.15M1.25M
ChangeInOtherWorkingCapital-4.04M2.65M-417.34K
ChangeInOtherCurrentLiabilities-2.55M-2.75M-606.23K-651.62K
ChangeInOtherCurrentAssets-45.73K27.28K25.64K584.18K
ChangeInPayablesAndAccruedExpense-4.43M-1.51M-2.82M-12.91M
ChangeInAccruedExpense-3.72M-2.66M-236.64K5.76M
ChangeInPayable-718.47K1.15M-2.58M-18.67M
ChangeInAccountPayable-718.47K1.15M-2.58M-18.67M
ChangeInPrepaidAssets0.00
ChangeInInventory-7.10K1.95M-119.38K-1.35M
ChangeInReceivables3.04M8.13M4.02M16.01M
ChangesInAccountReceivables-214.47K1.54M-3.10M-2.17M
OtherNonCashItems118.88K417.99K-1.05M-137.38K
StockBasedCompensation18.54M0.000.00
ProvisionandWriteOffofAssets1.28M806.89K668.60K220.23K
AssetImpairmentCharge7.46M0.003.38M0.00
DeferredTax1.83M-84.19K-92.74K-444.70K
DeferredIncomeTax1.83M-84.19K-92.74K-444.70K
DepreciationAmortizationDepletion1.55M1.61M1.37M359.86K
DepreciationAndAmortization1.55M1.61M1.37M359.86K
Depreciation1.55M1.61M1.37M359.86K
OperatingGainsLosses-949.60K-912.40K-2.52M-3.28M
EarningsLossesFromEquityInvestments-634.80K-864.13K-493.65K-529.67K
GainLossOnInvestmentSecurities3.38M
NetForeignCurrencyExchangeGainLoss0.0096.19K
GainLossOnSaleOfPPE-12.07K-21.45K-80.29K-39.08K
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations-34.96M434.79K-6.87M-3.32M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SMXT
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