Core Viewpoint - SolarMax Technology, Inc. reported significant revenue growth in Q3 2025, driven by the Texas battery storage project, although gross profit was impacted by accounting treatment for the project [3][7]. Financial Performance - Revenue for Q3 2025 reached $30.6 million, a 383% increase from $6.3 million in Q3 2024 [7]. - Gross profit was $956,000, down 24% from $1.3 million in Q3 2024, primarily due to the timing of revenue recognition on a large industrial project [7]. - Total operating expenses decreased to $3.1 million, down $8.2 million from $11.3 million in Q3 2024 [7]. - The net loss improved to $2.3 million, or $0.04 per share, compared to a net loss of $9.6 million, or $0.21 per share in Q3 2024 [7]. Strategic Initiatives - The company is focusing on disciplined cost management and diversification across end markets to strengthen its business foundation [3]. - SolarMax aims to expand its operations in the U.S. by providing EPC services for industrial projects and enhancing its residential solar operations [4].

Asset-based financial solutions provider DLL has named Alp Sivrioğlu as the chief financial officer (CFO), with his appointment and executive board membership set to begin on 1 November 2025. Sivrioğlu will take charge of DLL’s global finance organisation. DLL executive board chair and CEO Lara Yocarini said: "Alp’s broad finance expertise, extensive experience, and authenticity will bring complementary skills and leadership capabilities to our executive board and will help us deliver DLL's strategic goa ...