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Side-by-side financial comparison of Namib Minerals (NAMM) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $41.9M, roughly 1.1× Namib Minerals).

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.

NAMM vs SMXT — Head-to-Head

Bigger by revenue
SMXT
SMXT
1.1× larger
SMXT
$46.6M
$41.9M
NAMM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NAMM
NAMM
SMXT
SMXT
Revenue
$41.9M
$46.6M
Net Profit
$-872.2K
Gross Margin
45.7%
2.7%
Operating Margin
29.8%
-2.7%
Net Margin
-1.9%
Revenue YoY
623.5%
Net Profit YoY
77.7%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NAMM
NAMM
SMXT
SMXT
Q4 25
$46.6M
Q3 25
$30.6M
Q2 25
$41.9M
$6.9M
Q1 25
$6.9M
Q4 24
$6.4M
Q3 24
$6.3M
Net Profit
NAMM
NAMM
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$-2.3M
Q2 25
$-1.9M
Q1 25
$-1.3M
Q4 24
$-3.9M
Q3 24
$-9.6M
Gross Margin
NAMM
NAMM
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
45.7%
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
19.9%
Operating Margin
NAMM
NAMM
SMXT
SMXT
Q4 25
-2.7%
Q3 25
-6.9%
Q2 25
29.8%
-25.7%
Q1 25
-16.7%
Q4 24
-27.9%
Q3 24
-158.4%
Net Margin
NAMM
NAMM
SMXT
SMXT
Q4 25
-1.9%
Q3 25
-7.4%
Q2 25
-27.6%
Q1 25
-18.7%
Q4 24
-60.6%
Q3 24
-152.0%
EPS (diluted)
NAMM
NAMM
SMXT
SMXT
Q4 25
$-0.02
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$-0.07
Q3 24
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NAMM
NAMM
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.2M
Total Assets
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAMM
NAMM
SMXT
SMXT
Q4 25
$8.0M
Q3 25
$5.7M
Q2 25
$1.9M
Q1 25
$6.8M
Q4 24
$7.1M
Q3 24
$8.6M
Stockholders' Equity
NAMM
NAMM
SMXT
SMXT
Q4 25
$-12.2M
Q3 25
$-11.8M
Q2 25
$-15.1M
Q1 25
$-15.9M
Q4 24
$-15.1M
Q3 24
$-10.9M
Total Assets
NAMM
NAMM
SMXT
SMXT
Q4 25
$91.3M
Q3 25
$58.7M
Q2 25
$38.2M
Q1 25
$38.6M
Q4 24
$38.6M
Q3 24
$43.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NAMM
NAMM
SMXT
SMXT
Operating Cash FlowLast quarter
$11.4M
$-2.5M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
17.6%
Capex IntensityCapex / Revenue
9.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAMM
NAMM
SMXT
SMXT
Q4 25
$-2.5M
Q3 25
$3.4M
Q2 25
$11.4M
$220.7K
Q1 25
$-601.1K
Q4 24
$-1.3M
Q3 24
$203.6K
Free Cash Flow
NAMM
NAMM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
$7.4M
Q1 25
Q4 24
Q3 24
FCF Margin
NAMM
NAMM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
17.6%
Q1 25
Q4 24
Q3 24
Capex Intensity
NAMM
NAMM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
9.6%
Q1 25
Q4 24
Q3 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NAMM
NAMM

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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