Risk factors

SolarMax Technology (SMXT) risk factors

Item 1A of every SolarMax Technology, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    53 risks5 new45 dropped10 reworded

    SolarMax faces mounting debt defaults, working capital deficits, and Nasdaq delisting warnings amidst new BESS project execution risks.

    Filed Apr 06, 2026
  • FY2024 10-K risk factors
    93 risks

    SolarMax Technology faces heavy going concern doubts after a $35.0 million net loss and revenue drop to $23.0 million in 2024. Operations burned $9.4 million in cash, leaving a $13.7 million working capital deficit. Debt includes $11.0 million in EB-5 related party loans and $16.55 million in convertible notes. Heavy geographic concentration in California exposes the company to local net metering and utility regulatory changes.

    Filed Mar 31, 2025