The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 4.0M (2021) → 4.2M (2025)
SolarMax Technology, Inc. (SMXT) operates as a comprehensive solar energy solutions provider, extending its reach across the United States and China via its subsidiaries. The company offers a diverse portfolio of services, including the sale, installation, and financing of solar photovoltaic (PV) and battery backup systems. SMXT also deals in LED systems and plays a role in the acquisition and resale of solar farm projects to third parties. Furthermore, it provides critical engineering, procurement, and construction (EPC) services for these solar farm developments. Its clientele is broad, serving residential, commercial, and government sectors. SolarMax Technology, Inc. was founded in 2008 and is headquartered in Riverside, California.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
+114.1% YoY
YoY Growth Rate
Strong revenue growth
+81.2% YoY
YoY Growth Rate
EPS growth accelerating
$0/ year
0.0% of revenue
Below sector average (1%)
Research and development spending
~0 months
$17M cash & investments
Quarterly Free Cash Flow
↓ Burn rate worsening
Short runway — potential dilution ahead through share issuance
Solarmax Technology Inc. Common Stock is growing revenue at 114% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
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Negative ROIC means the business is losing money on every dollar invested in it.
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Free cash flow is negative. They are burning cash, not generating it.
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See every metric, trend, and what it means for this stock.
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