Home / Going-concern warnings / SolarMax Technology, Inc.
Filed 2025-05-16 路 Form 10-Q 路 Accession 0001640334-25-000889 micro
Price before filing: $14.76 (2025-05-15 close, split/dividend-adjusted)
Market cap at flag: $55.0M (2025-05-16) 路 Latest: $23.3M (2026-10-16)
| Window | SMXT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -4.9% | +2.1% | -6.9% | 2025-06-16 |
| 90 days | -25.2% | +9.6% | -34.8% | 2025-08-14 |
| 180 days | -17.1% | +16.4% | -33.5% | 2025-11-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"The Company's history of net losses and negative cash flow from operating activities, including its net loss and negative cash flow for the three months ended March 31, 2025, along with its increased accumulated deficit and stockholders' deficit raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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