SolarMax Technology Q1 EPS $(0.46) Down From $0.02 YoY, Sales $5.76M Down From $12.87M YoY
Portfolio Pulse from Benzinga Newsdesk
SolarMax Technology (NASDAQ:SMXT) reported a significant decline in its Q1 earnings and sales. The company posted a loss of $(0.46) per share, a 2400% decrease from $0.02 per share last year. Sales also dropped by 55.21% to $5.76 million from $12.87 million.
May 16, 2024 | 12:24 pm
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SolarMax Technology reported a significant decline in Q1 earnings and sales, with EPS dropping to $(0.46) from $0.02 and sales falling by 55.21% to $5.76 million.
The substantial decline in both earnings per share and sales indicates poor financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100