Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $44.7M | $54.1M | $23.0M | $91.0M |
| Revenue growth | — | 21.1% | -57.5% | 295.8% |
| Gross profit | $7.48M | $11.1M | $2.31M | $4.23M |
| Gross margin | 16.7% | 20.6% | 10.1% | 4.6% |
| Operating income | -$7.97M | $484K | -$33.1M | -$6.30M |
| Operating margin | -17.8% | 0.9% | -144.0% | -6.9% |
| Net income | -$6.87M | $435K | -$35.0M | -$6.33M |
| Net margin | -15.4% | 0.8% | -152.1% | -7.0% |
| EPS (diluted) | -$0.17 | $0.01 | -$0.79 | -$0.13 |
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Operating cash flow | -$1.97M | $4.09M | -$9.13M | $498K |
| Capital expenditures | $83.5K | $28.0K | $0.00 | — |
| Free cash flow | -$2.06M | $4.06M | -$9.13M | — |
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Cash & equivalents | $3.82M | $2.54M | $786K | $7.97M |
| Total assets | $61.5M | $48.7M | $38.6M | $91.3M |
| Total liabilities | $77.7M | $64.5M | $53.7M | $103M |
| Shareholders' equity | -$16.2M | -$15.9M | -$15.1M | -$12.2M |
| Retained earnings | -$69.1M | -$68.6M | -$104M | -$110M |
| Shares (wtd avg diluted) | 39.7M | 40.0M | 44.3M | 50.0M |
Every figure is extracted from SolarMax Technology, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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