Maxwell Technologies revenue was $90.46 m in FY, 2018 which is a 3.1% year over year increase from the previous period.

## Founding Date | 1965 |

## Total Funding | $72 m |

## Investors | East West Bank |

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

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

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Revenue | 167.4m | 121.2m | 87.7m | 90.5m |

| (10%) | (28%) | (28%) | 3% |

## Cost of goods sold | 116.4m | 88.3m | 82.4m | 80.5m |

## Gross profit | 51.0m | 33.0m | 5.3m | 10.0m |

| 30% | 27% | 6% | 11% |

## R&D expense | 24.7m | 20.9m | 16.3m | 20.0m |

## General and administrative expense | 40.8m | 36.3m | 38.2m | 30.5m |

## Operating expense total | 68.0m | 58.9m | 57.0m | 50.7m |

## EBIT | (17.0m) | (25.9m) | (51.7m) | (40.7m) |

| (10%) | (21%) | (59%) | (45%) |

## Interest expense | 284.0k | 248.0k | 1.4m | 4.5m |

## Pre tax profit | (17.7m) | (19.6m) | (53.3m) | (45.5m) |

## Income tax expense | 4.6m | 4.1m | 559.0k | (1.1m) |

## Net Income | (22.3m) | (23.7m) | (43.1m) | (36.5m) |

- Source: SEC Filings

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

## Revenue | 35.2m | 34.1m | 25.5m | 26.7m | 37.1m | 35.8m | 28.4m | 57.9m | 33.7m |

## Cost of goods sold | 25.6m | 24.2m | 17.9m | 20.5m | 29.3m | 28.4m | 22.7m | 46.8m | 27.4m |

## Gross profit | 9.7m | 10.0m | 7.6m | 6.2m | 7.8m | 7.4m | 5.7m | 11.1m | 6.4m |

| 27% | 29% | 30% | 23% | 21% | 21% | 20% | 19% | 19% |

## R&D expense | 5.6m | 5.5m | 5.2m | 4.7m | 4.4m | 4.9m | 5.5m | 11.1m | 5.6m |

## General and administrative expense | 10.1m | 8.2m | 8.4m | 9.5m | 12.1m | 14.5m | 9.6m | 19.4m | 9.1m |

## Operating expense total | 15.9m | 13.8m | 13.6m | 15.2m | 16.5m | 20.7m | 15.0m | 30.5m | 14.6m |

## EBIT | (6.2m) | (3.8m) | (5.9m) | (9.0m) | (8.7m) | (13.3m) | (9.4m) | (19.4m) | (8.2m) |

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

## Interest expense | 70.0k | 61.0k | 48.0k | 63.0k | 97.0k | 152.0k | 993.0k | 2.0m | 1.3m |

## Pre tax profit | (6.4m) | 2.8m | (6.0m) | (9.2m) | (8.7m) | (13.3m) | (10.2m) | (21.2m) | (9.4m) |

## Income tax expense | 483.0k | 600.0k | 824.0k | 1.2m | 1.4m | 527.0k | (1.0m) | (722.0k) | 364.0k |

## Net Income | (6.8m) | 2.2m | (6.9m) | (10.4m) | (10.1m) | (13.9m) | (9.2m) | (20.5m) | (9.7m) |

- Source: SEC Filings

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Cash | 24.4m | 25.4m | 46.2m | 58.0m |

## Accounts Receivable | 43.2m | 20.4m | 22.7m | 20.0m |

## Prepaid Expenses | 2.6m | 4.4m | 2.2m | 2.8m |

## Inventories | 39.1m | 32.2m | 23.5m | 33.6m |

## Current Assets | 109.6m | 82.5m | 117.0m | 114.5m |

## PP&E | 32.3m | 26.1m | 20.0m | 24.4m |

## Goodwill | 23.6m | 22.8m | 14.7m | 14.2m |

## Total Assets | 172.0m | 140.9m | 205.4m | 163.7m |

## Accounts Payable | 34.0m | 19.2m | 27.3m | 16.5m |

## Short-term debt | 42.0k | 40.0k | 438.0k | |

## Current Liabilities | 43.8m | 29.3m | 48.5m | 28.4m |

## Long-term debt | 49.0k | 43.0k | 35.0m | 38.0m |

## Total Debt | 91.0k | 83.0k | 35.0m | 38.4m |

## Total Liabilities | 52.8m | 40.1m | 99.3m | 73.1m |

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

## Additional Paid-in Capital | 291.5m | 296.3m | 337.5m | 369.8m |

## Retained Earnings | (180.4m) | (204.1m) | (247.2m) | (283.5m) |

## Total Equity | 119.2m | 100.8m | 106.1m | 90.6m |

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

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

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

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

## Cash | 21.6m | 35.7m | 27.8m | 20.9m | 19.2m | 52.9m | 40.1m | 21.5m | 23.6m |

## Inventories | 29.2m | 33.0m | 34.9m | 30.4m | 30.2m | 31.6m | 37.5m | 41.6m | 39.6m |

## Current Assets | 96.2m | 99.3m | 88.8m | 80.2m | 83.8m | 114.9m | 113.5m | 95.8m | 97.3m |

## PP&E | 31.5m | 30.4m | 29.0m | 24.7m | 27.2m | 26.1m | 30.2m | 30.5m | 31.3m |

## Goodwill | 24.0m | 23.6m | 23.9m | 23.2m | 35.6m | 35.2m | 36.6m | 35.2m | 35.5m |

## Total Assets | 158.4m | 160.1m | 148.6m | 137.9m | 168.6m | 197.8m | 204.7m | 184.7m | 187.1m |

## Accounts Payable | 22.6m | 23.4m | 17.5m | 20.6m | 26.5m | 29.6m | 33.0m | 27.3m | 18.9m |

## Short-term debt | 37.0k | 33.0k | 44.0k | 41.0k | 20.0k | 33.0k | 5.0m | 5.0m | 34.0k |

## Current Liabilities | 34.1m | 33.5m | 26.9m | 33.3m | 39.9m | 44.7m | 50.9m | 43.3m | 30.2m |

## Total Debt | 37.0k | 33.0k | 44.0k | 41.0k | 20.0k | 33.0k | 5.0m | 5.0m | 34.0k |

## Total Liabilities | 43.2m | 42.3m | 35.7m | 43.8m | 54.9m | 89.3m | 101.6m | 94.1m | 81.0m |

## Additional Paid-in Capital | 292.4m | 293.8m | 294.9m | 298.6m | 325.0m | 334.6m | 341.9m | 344.2m | 368.0m |

## Retained Earnings | (187.2m) | (185.1m) | (191.9m) | (214.5m) | (224.6m) | (238.5m) | (256.2m) | (267.5m) | (277.2m) |

## Total Equity | 115.3m | 117.8m | 112.9m | 94.1m | 113.7m | 108.5m | 103.1m | 90.7m | 106.1m |

## Debt to Equity Ratio | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0.1 x | 0 x |

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

## Financial Leverage | 1.4 x | 1.4 x | 1.3 x | 1.5 x | 1.5 x | 1.8 x | 2 x | 2 x | 1.8 x |

USD | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|

## Net Income | (22.3m) | (23.7m) | (43.1m) | (36.5m) |

## Depreciation and Amortization | 11.6m | 9.9m | 8.4m | 8.1m |

## Accounts Receivable | 315.0k | 20.1m | (9.4m) | 2.8m |

## Inventories | 5.3m | (5.0m) | 5.6m | (12.3m) |

## Accounts Payable | 5.0m | (14.9m) | 11.0m | (9.5m) |

## Cash From Operating Activities | 9.4m | (14.4m) | (15.0m) | (53.6m) |

## Purchases of PP&E | (4.1m) | (6.0m) | (3.4m) | (10.3m) |

## Cash From Investing Activities | (4.1m) | 14.7m | (4.4m) | (10.3m) |

## Long-term Borrowings | (18.8m) | (45.0k) | (15.4m) | |

## Cash From Financing Activities | (5.4m) | 796.0k | 43.3m | 22.9m |

## Net Change in Cash | 50.0k | 577.0k | 24.8m | 7.9m |

## Interest Paid | 245.0k | 75.0k | 82.0k | 2.8m |

## Income Taxes Paid | 3.5m | 2.6m | 45.0k | 49.0k |

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

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

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

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

## Accounts Payable | 7.3m | 309.0k | (4.1m) | (13.3m) | |||||

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

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

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

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

Report incorrect company information