SolarMax Technology Reports Q3 Loss, High Revenue

SolarMax Technology, a renewable energy firm, reported a net loss of $2.3 million in Q3, translating to a loss of $0.04 per share. Despite generating $30.6 million in revenue, the company is currently spending more than its earning. The loss suggests potential challenges from operational costs or competitive pressures, as investors await further developments in the final quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.