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Article: Maxwell Technologies Reports 3rd Quarter Financial Results.(Financial report)
- Article from:
- Electronics Newsweekly
- Article date:
- November 18, 2009
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Maxwell Technologies, Inc. (NASDAQ:MXWL) reported revenue of $26.1 million for its third quarter ended September 30, 2009, up 22 percent over the $21.4 million recorded in the same period in 2008. Operating loss for the third quarter 2009 was $1.7 million, compared with $4.0 million in the same period last year. Net loss for Q309 was $4.6 million, or $0.18 per share, including a non-cash charge of $2.8 million, or $0.11 per share, reflecting a quarterly "mark-to-market" valuation of conversion features and warrants associated with convertible debentures issued in 2005. That compares with a net loss of $5.7 million, or $0.27 per share, including a non-cash charge of $1.0 ...