SolarMax Technology Q2 EPS $(0.05), Same As Last Year; Revenue $4.5M, Down From $14.8M Prior Year
Portfolio Pulse from Benzinga Newsdesk
SolarMax Technology reported a Q2 EPS of $(0.05), unchanged from last year. However, revenue dropped significantly to $4.5M from $14.8M in the prior year.
August 14, 2024 | 9:03 pm
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SolarMax Technology's Q2 EPS remained at $(0.05), but the company experienced a significant revenue decline to $4.5M from $14.8M in the prior year.
The unchanged EPS suggests stable profitability, but the drastic revenue decline indicates potential issues in sales or market demand, likely leading to negative short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100