trending Market Intelligence /marketintelligence/en/news-insights/trending/kgc8GFjw2QZdTWc_TxFe8Q2 content esgSubNav
In This List

Maxwell Technologies Q1 loss narrows YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023


Investment Banking Essentials: February 21

Maxwell Technologies Q1 loss narrows YOY

Maxwell Technologies Inc. said its normalized net income for the first quarter came to a loss of 12 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 11 cents per share.

The per-share loss narrowed 37.1% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.8 million, compared with a loss of $5.6 million in the prior-year period.

The normalized profit margin increased to negative 10.8% from negative 16.2% in the year-earlier period.

Total revenue climbed on an annual basis to $35.2 million from $34.7 million, and total operating expenses declined year over year to $41.2 million from $43.2 million.

Reported net income came to a loss of $6.8 million, or a loss of 22 cents per share, compared to a loss of $9.3 million, or a loss of 32 cents per share, in the prior-year period.