Summary:
SolarMax Technology, Inc. (Nasdaq: SMXT) reported a positive financial outlook for Q1 2025, with revenues reaching $6.9 million, up from $5.8 million in the same period last year. The company also saw a significant improvement in gross profit to $1.4 million, compared to a loss of $0.5 million in Q1 2024. Though facing challenges from California’s NEM 3.0 policy that impacts residential solar demand, CEO David Hsu highlighted a strong dealer network and potential growth in commercial solar projects as key focus areas. With a commitment to operational efficiency, SolarMax aims to expand its presence in the commercial sector while continuing to enhance its residential offerings.
