SolarMax delays Q2 10-Q filing to address ASC 606 revenue review - SMXT News | RalliesSolarMax delays Q2 10-Q filing to address ASC 606 revenue review
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SMXT• 10-Q filing delayed for revenue-recognition review
- SolarMax Technology filed a Form 12b-25 to delay its quarterly report for the period ended June 30, 2026.
- The delay is tied to resolving an ASC 606 revenue-recognition analysis; more time is needed to compile support and complete auditor review.
- The filing is expected within five calendar days of the original due date under Rule 12b-25.
- Preliminary results point to a loss of about $0.4 million for the quarter, versus about $1.9 million a year earlier.
- Preliminary six-month loss is seen at about $0.7 million, versus about $3.2 million a year earlier.
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