Maxwell Technologies revenue was $90.46 m in FY, 2018 which is a 30.6% year over year decrease from the previous period.

## Founding Date | 1965 |

## Total Funding | $72 m |

## Investors | East West Bank, SDIC Fund Management |

In total, Maxwell Technologies had raised $72 m. Maxwell Technologies is a subsidiary of Tesla

Maxwell Technologies revenue breakdown by geographic segment: 13.5% from Germany, 23.8% from All Other Countries, 13.5% from Hungary, 17.4% from United States and 31.8% from China

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 121.2m | 130.4m | 90.5m |

| 8% | (31%) | |

## Cost of goods sold | 88.3m | 101.6m | 80.5m |

## Gross profit | 33.0m | 28.8m | 10.0m |

| 27% | 22% | 11% |

## R&D expense | 20.9m | 18.4m | 20.0m |

## General and administrative expense | 36.3m | 45.8m | 30.5m |

## Operating expense total | 58.9m | 66.7m | 50.7m |

## EBIT | (25.9m) | (37.9m) | (40.7m) |

| (21%) | (29%) | (45%) |

## Interest expense | 248.0k | 1.4m | 4.5m |

## Pre tax profit | (19.6m) | (39.5m) | (45.5m) |

## Income tax expense | 4.1m | 3.7m | (1.1m) |

## Net Income | (23.7m) | (43.1m) | (36.5m) |

## EPS | (0.7) | (1.2) | (0.9) |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 35.2m | 34.1m | 25.5m | 26.7m | 37.1m | 35.8m | 28.4m | 29.5m | 33.7m | 15.4m |

## Cost of goods sold | 25.6m | 24.2m | 17.9m | 20.5m | 29.3m | 28.4m | 22.7m | 24.0m | 27.4m | 17.0m |

## Gross profit | 9.7m | 10.0m | 7.6m | 6.2m | 7.8m | 7.4m | 5.7m | 5.4m | 6.4m | (1.5m) |

| 27% | 29% | 30% | 23% | 21% | 21% | 20% | 18% | 19% | (10%) |

## R&D expense | 5.6m | 5.5m | 5.2m | 4.7m | 4.4m | 4.9m | 5.5m | 5.5m | 5.6m | 5.2m |

## General and administrative expense | 10.1m | 8.2m | 8.4m | 9.5m | 12.1m | 14.5m | 9.6m | 9.8m | 9.1m | 9.7m |

## Operating expense total | 15.9m | 13.8m | 13.6m | 15.2m | 16.5m | 20.7m | 15.0m | 15.3m | 14.6m | 14.9m |

## EBIT | (6.2m) | (3.8m) | (5.9m) | (9.0m) | (8.7m) | (13.3m) | (9.4m) | (10.0m) | (8.2m) | (16.4m) |

| (18%) | (11%) | (23%) | (34%) | (23%) | (37%) | (33%) | (34%) | (24%) | (106%) |

## Interest expense | 70.0k | 61.0k | 48.0k | 63.0k | 97.0k | 152.0k | 993.0k | 1.0m | 1.3m | 1.1m |

## Pre tax profit | (6.4m) | 2.8m | (6.0m) | (9.2m) | (8.7m) | (13.3m) | (10.2m) | (11.0m) | (9.4m) | (17.6m) |

## Income tax expense | 483.0k | 600.0k | 824.0k | 1.2m | 1.4m | 527.0k | (1.0m) | 300.0k | 364.0k | 14.0k |

## Net Income | (6.8m) | 2.2m | (6.9m) | (10.4m) | (10.1m) | (13.9m) | (9.2m) | (11.3m) | (9.7m) | (17.6m) |

## EPS | (0.2) | 0.1 | (0.2) | (0.3) | (0.3) | (0.4) | (0.2) | (0.3) | (0.2) | (0.4) |

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 25.4m | 50.1m | 58.0m |

## Accounts Receivable | 20.4m | 31.6m | 20.0m |

## Prepaid Expenses | 4.4m | 3.0m | 2.8m |

## Inventories | 32.2m | 32.2m | 33.6m |

## Current Assets | 82.5m | 117.0m | 114.5m |

## PP&E | 26.1m | 28.0m | 24.4m |

## Goodwill | 22.8m | 36.1m | 14.2m |

## Total Assets | 140.9m | 205.4m | 163.7m |

## Accounts Payable | 19.2m | 32.8m | 16.5m |

## Short-term debt | 40.0k | 33.0k | 438.0k |

## Current Liabilities | 29.3m | 48.5m | 28.4m |

## Long-term debt | 43.0k | 35.1m | 38.0m |

## Total Debt | 83.0k | 35.2m | 38.4m |

## Total Liabilities | 40.1m | 99.3m | 73.1m |

## Common Stock | 3.2m | 3.7m | 4.6m |

## Additional Paid-in Capital | 296.3m | 337.5m | 369.8m |

## Retained Earnings | (204.1m) | (247.2m) | (283.5m) |

## Total Equity | 100.8m | 106.1m | 90.6m |

## Debt to Equity Ratio | 0 x | 0.3 x | 0.4 x |

## Debt to Assets Ratio | 0 x | 0.2 x | 0.2 x |

## Financial Leverage | 1.4 x | 1.9 x | 1.8 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | (23.7m) | (43.1m) | (36.5m) |

## Depreciation and Amortization | 9.9m | 9.6m | 8.1m |

## Accounts Receivable | 20.1m | (8.0m) | 2.8m |

## Inventories | (5.0m) | 2.6m | (12.3m) |

## Accounts Payable | (14.9m) | 8.8m | (9.5m) |

## Cash From Operating Activities | (14.4m) | (15.0m) | (53.6m) |

## Purchases of PP&E | (6.0m) | (5.8m) | (10.3m) |

## Cash From Investing Activities | 14.7m | (4.4m) | (10.3m) |

## Long-term Borrowings | (45.0k) | (32.0k) | (15.4m) |

## Cash From Financing Activities | 796.0k | 43.3m | 22.9m |

## Net Change in Cash | 577.0k | 24.8m | 7.9m |

## Interest Paid | 75.0k | 82.0k | 2.8m |

## Income Taxes Paid | 2.6m | 2.3m | 49.0k |

- Source: SEC Filings

USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (6.8m) | (4.7m) | (11.5m) | (10.4m) | (20.5m) | (34.4m) | (9.2m) | (20.5m) | (30.2m) | (17.6m) |

## Depreciation and Amortization | 2.6m | 5.0m | 7.4m | 2.1m | 4.6m | 7.1m | 2.3m | 4.6m | 7.0m | 2.1m |

## Accounts Receivable | 13.1m | 14.8m | 20.2m | (3.4m) | (6.8m) | (3.7m) | (252.0k) | 1.9m | 1.7m | 1.7m |

## Inventories | (1.4m) | (5.2m) | (7.2m) | 1.9m | 6.1m | 3.6m | (6.0m) | (10.9m) | (9.5m) | (3.9m) |

## Accounts Payable | (10.6m) | (10.7m) | (16.7m) | 1.6m | 4.7m | 7.3m | 309.0k | (4.1m) | (13.3m) | 5.2m |

## Cash From Operating Activities | (1.6m) | (7.0m) | (14.0m) | (3.8m) | (6.5m) | (8.8m) | (11.2m) | (26.0m) | (40.0m) | (9.0m) |

## Purchases of PP&E | (2.2m) | (3.6m) | (4.7m) | (945.0k) | (2.1m) | (3.3m) | (3.9m) | (7.8m) | (9.7m) | (702.0k) |

## Cash From Investing Activities | (2.2m) | 17.0m | 15.9m | (945.0k) | (657.0k) | (1.9m) | (3.9m) | (7.8m) | (9.7m) | (702.0k) |

## Long-term Borrowings | (11.0k) | (21.0k) | (33.0k) | (10.0k) | (17.0k) | (24.0k) | (8.0k) | (17.0k) | (15.0m) | (232.0k) |

## Cash From Financing Activities | 335.0k | 892.0k | 885.0k | (10.0k) | 177.0k | 37.5m | 5.0m | 5.2m | 23.2m | (232.0k) |

## Net Change in Cash | (2.8m) | 11.3m | 3.4m | (4.5m) | (6.2m) | 27.5m | (10.0m) | 5.2m | (26.6m) | (9.9m) |

- Source: SEC Filings

USD | Q1, 2016 |
---|---|

## Financial Leverage | 1.4 x |