NewsMV
(Nasdaq: SMXT) reported second-quarter 2026 revenue of $10.2 million, a 49% increase from $6.9 million in the same period last year, according to an October 8, 2026, press release.
The Riverside, California-based integrated solar energy company stated that this growth was accompanied by a significant expansion in gross profit, which reached $2.4 million, up 299% from $605,000 in the second quarter of 2025.
Despite the top-line growth, the company posted a net loss of $4.7 million, or $0.98 per share, compared with a net loss of $1.9 million, or $0.50 per share, in the prior-year period.
The widening loss was primarily driven by total operating expenses of $6.9 million, which included a one-time expense of $4.3 million related to a legal judgment concerning the company's China segment.
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