SMXT Q2 2021 Earnings Report — Solarmax Technology Inc. Common Stock Revenue & Financial Results | Market Cap Arena

Solarmax Technology Inc. Common StockSMXT

Q2 2021 Earnings

Reported June 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$14M	—	—	—	—
Op. Income	-$1M	—	—	—	—
Gross Margin	10.5%	—	—	—	—
Net Margin	-7.9%	—	—	—	—
EPS (Diluted)	$-0.03	—	—	—	—
Free Cash Flow	$3M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$14M
Cost of Revenue	$13M
GROSS PROFIT	$2M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$3M
Cost & Expenses	$16M
OPERATING INCOME	-$1M
Interest Income	$37.6K
Interest Expense	$504.0K
Other Income/Expenses	$69.3K
INCOME BEFORE TAX	-$1M
Income Tax Expense	-$134.3K
Net Income from Continuing Ops	-$1M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$1M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$1M
D&A	$89.3K
EBIT	-$782.7K
EBITDA	-$693.4K
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$1M
Depreciation & Amortization	$89.3K
Stock-Based Compensation	$0
Deferred Income Tax	-$53.3K
Other Non-Cash Items	-$197.0K
Change in Working Capital	$4M
OPERATING CASH FLOW	$3M
Capital Expenditure	$0
Acquisitions (Net)	$7.4K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$293.2K
NET CASH FROM INVESTING	-$285.8K
Net Debt Issuance	-$624.6K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$107.5K
NET CASH FROM FINANCING	-$732.1K
FREE CASH FLOW	$3M
Net Change in Cash	$2M