<span item_type="fundamental" item_id="9a473c483a9c18491af6988a4e0518e4" counter_id="ST/US/SMXT" env="prod"></span><span item_type="announcement" item_id="649723942686623617" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 14.8 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.01.</p><p></p><h4>Revenue</h4><p>SolarMax Technology, Inc. reported revenue of $14.8 million for the first quarter of 2026, which is a 114% increase from $6.9 million in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span></p><h4>Gross Profit</h4><p>Gross profit for the first quarter of 2026 was $3.0 million, representing a 115% increase from $1.4 million in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span></p><h4>Total Operating Expense</h4><p>Total operating expense for the first quarter of 2026 was $3.0 million, an increase of $0.4 million compared to $2.6 million in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span></p><h4>Net Loss</h4><p>SolarMax Technology, Inc. reported a net loss of -$0.3 million, or -$0.01 per share, for the first quarter of 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span> This represents a $1.0 million improvement from a net loss of -$1.3 million, or -$0.03 per share, in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span></p><h4>Operational Insights</h4><p>The significant year-over-year improvement in financial results was primarily driven by engineering, procurement, and construction (EPC) services on the company’s first large-scale energy storage initiative, which commenced in the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span> The company’s performance reflects continued execution across its EPC platform and improving operating efficiency.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span></p><h4>Outlook</h4><p>SolarMax Technology, Inc. remains focused on expanding its project pipeline and positioning the company for long-term growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span> This growth is driven by the increasing demand for integrated solar and storage infrastructure.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1519472/000164033426000920/solarmax_ex991.htm"></span></p>

SolarMax Tech | 8-K: FY2026 Q1 Revenue: USD 14.8 M