Solar Energy Firm SolarMax Posts Q4 Loss, Annual Revenue
SolarMax Technology Reports Q4 Loss - Riverside Today
SolarMax Technology, Inc. (SMXT), a solar and renewable energy company based in Riverside, California, reported a loss of $872,000 in its fourth quarter, or 2 cents per share. The company posted quarterly revenue of $46.6 million and an annual loss of $6.3 million, or 13 cents per share, on $91 million in revenue for the full year.
SolarMax Technology reported a fourth-quarter loss of $872,000 ($0.02 per share) despite generating $46.6 million in quarterly revenue. The Riverside-based solar company posted an annual loss of $6.3 million on $91 million in full-year revenue, reflecting challenges in the renewable energy sector.
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