SolarMax Technology Inc
NASDAQ:SMXT
Income Statement
Earnings Waterfall
SolarMax Technology Inc
Income Statement
SolarMax Technology Inc
| Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Interest Expense |
2
|
2
|
2
|
2
|
2
|
0
|
2
|
1
|
2
|
2
|
2
|
2
|
1
|
2
|
2
|
2
|
2
|
1
|
|
| Revenue |
89
N/A
|
88
-1%
|
94
+7%
|
88
-6%
|
90
+2%
|
11
-87%
|
45
+294%
|
39
-14%
|
53
+38%
|
56
+5%
|
54
-4%
|
47
-13%
|
37
-22%
|
29
-22%
|
23
-20%
|
24
+5%
|
27
+10%
|
51
+91%
|
|
| Gross Profit | |||||||||||||||||||
| Cost of Revenue |
(76)
|
(75)
|
(80)
|
(78)
|
(80)
|
(10)
|
(37)
|
(31)
|
(44)
|
(44)
|
(43)
|
(39)
|
(30)
|
(26)
|
(21)
|
(20)
|
(22)
|
(47)
|
|
| Gross Profit |
11
N/A
|
11
+2%
|
12
+13%
|
10
-17%
|
9
-8%
|
2
-81%
|
7
+324%
|
7
-4%
|
10
+34%
|
12
+28%
|
11
-10%
|
8
-26%
|
6
-22%
|
3
-51%
|
2
-27%
|
4
+81%
|
4
+0%
|
4
-7%
|
|
| Operating Income | |||||||||||||||||||
| Operating Expenses |
(21)
|
0
|
0
|
0
|
(21)
|
(3)
|
(16)
|
(9)
|
(12)
|
(13)
|
(11)
|
(27)
|
(26)
|
(26)
|
(28)
|
(12)
|
(12)
|
(11)
|
|
| Selling, General & Administrative |
(19)
|
(19)
|
(17)
|
(18)
|
(20)
|
(3)
|
(16)
|
(9)
|
(12)
|
(13)
|
(11)
|
(27)
|
(26)
|
(26)
|
(28)
|
(12)
|
(12)
|
(11)
|
|
| Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(8)
N/A
|
(9)
-5%
|
(5)
+39%
|
(8)
-44%
|
(11)
-44%
|
(1)
+87%
|
(8)
-509%
|
(2)
+82%
|
(3)
-79%
|
(1)
+74%
|
0
N/A
|
(19)
N/A
|
(20)
-6%
|
(23)
-16%
|
(26)
-11%
|
(8)
+69%
|
(7)
+8%
|
(7)
+6%
|
|
| Pre-Tax Income | |||||||||||||||||||
| Interest Income Expense |
(1 402 208)
|
0
|
0
|
0
|
(1 511 927)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
3
|
1
|
1
|
1
|
0
|
0
|
0
|
(7)
|
(7)
|
(7)
|
(8)
|
(1)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
1 402 206
|
0
|
(2)
|
(3)
|
1 511 924
|
0
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Pre-Tax Income |
(10)
N/A
|
(10)
+1%
|
(8)
+21%
|
(11)
-44%
|
(14)
-29%
|
(2)
+89%
|
(7)
-344%
|
(0)
+93%
|
(2)
-279%
|
1
N/A
|
0
-63%
|
(19)
N/A
|
(20)
-5%
|
(31)
-54%
|
(33)
-7%
|
(15)
+54%
|
(15)
+2%
|
(8)
+45%
|
|
| Net Income | |||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(2)
|
(1)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
|
| Income from Continuing Operations |
0
|
0
|
0
|
0
|
0
|
(2)
|
(7)
|
(0)
|
(2)
|
1
|
0
|
(20)
|
(20)
|
(31)
|
(35)
|
(17)
|
(17)
|
(9)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
(2)
N/A
|
(7)
-270%
|
(0)
+95%
|
(2)
-570%
|
1
N/A
|
0
-62%
|
(20)
N/A
|
(20)
-2%
|
(31)
-56%
|
(35)
-13%
|
(17)
+51%
|
(17)
+2%
|
(9)
+44%
|
|
| EPS (Diluted) |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
-0.04
N/A
|
-0.15
-275%
|
-0.01
+93%
|
-0.05
-400%
|
0.03
N/A
|
0.01
-67%
|
-0.47
N/A
|
-0.48
-2%
|
-0.68
-42%
|
-0.79
-16%
|
-0.38
+52%
|
-0.37
+3%
|
-0.17
+54%
|
|