$103.7 M

MXWL Mkt cap, 04-Dec-2018

$33.7 M

Maxwell Technologies Revenue Q3, 2018
Maxwell Technologies Gross profit (Q3, 2018)6.4 M
Maxwell Technologies Gross profit margin (Q3, 2018), %18.9%
Maxwell Technologies Net income (Q3, 2018)-9.7 M
Maxwell Technologies EBIT (Q3, 2018)-8.2 M
Maxwell Technologies Cash, 30-Sep-201823.6 M
Maxwell Technologies EV80.1 M

Maxwell Technologies Revenue

Maxwell Technologies revenue was $130.37 m in FY, 2017 which is a 7.5% year over year increase from the previous period.

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Maxwell Technologies Revenue Breakdown

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Maxwell Technologies revenue breakdown by business segment: 32.7% from High-voltage Capacitors and 67.3% from Ultracapacitors

Maxwell Technologies revenue breakdown by geographic segment: 34.5% from China, 10.6% from United States, 10.3% from Hungary, 32.1% from All Other Countries and 12.5% from Germany

Maxwell Technologies Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

193.5m186.6m167.4m121.2m130.4m

Revenue growth, %

(4%)(10%)(28%)8%

Cost of goods sold

118.2m118.1m116.4m88.3m101.6m

Gross profit

75.3m68.4m51.0m33.0m28.8m

Gross profit Margin, %

39%37%30%27%22%

R&D expense

24.7m20.9m18.4m

General and administrative expense

40.8m36.3m45.8m

Operating expense total

68.0m58.9m66.7m

EBIT

8.6m(1.7m)(17.0m)(25.9m)(37.9m)

EBIT margin, %

4%(1%)(10%)(21%)(29%)

Interest expense

4.0k169.0k284.0k248.0k1.4m

Pre tax profit

(17.7m)(19.6m)(39.5m)

Income tax expense

2.2m4.3m4.6m4.1m3.7m

Net Income

6.3m(6.3m)(22.3m)(23.7m)(43.1m)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

46.0m46.1m41.6m34.7m37.8m45.1m35.2m34.1m25.5m26.7m37.1m35.8m28.4m57.9m33.7m

Cost of goods sold

28.1m29.5m26.1m24.3m25.6m30.8m25.6m24.2m17.9m20.5m29.3m28.4m22.7m46.8m27.4m

Gross profit

17.9m16.6m15.5m10.4m12.2m14.3m9.7m10.0m7.6m6.2m7.8m7.4m5.7m11.1m6.4m

Gross profit Margin, %

39%36%37%30%32%32%27%29%30%23%21%21%20%19%19%

R&D expense

6.2m6.2m6.9m7.9m5.9m5.8m5.6m5.5m5.2m4.7m4.4m4.9m5.5m11.1m5.6m

General and administrative expense

10.9m10.9m10.8m11.4m10.1m9.1m10.1m8.2m8.4m9.5m12.1m14.5m9.6m19.4m9.1m

Operating expense total

17.1m17.2m17.7m19.3m18.4m14.9m15.9m13.8m13.6m15.2m16.5m20.7m15.0m30.5m14.6m

EBIT

760.0k(567.0k)(2.3m)(8.9m)(6.3m)(651.0k)(6.2m)(3.8m)(5.9m)(9.0m)(8.7m)(13.3m)(9.4m)(19.4m)(8.2m)

EBIT margin, %

2%(1%)(5%)(26%)(17%)(1%)(18%)(11%)(23%)(34%)(23%)(37%)(33%)(33%)(24%)

Interest expense

39.0k28.0k49.0k89.0k75.0k25.0k70.0k61.0k48.0k63.0k97.0k152.0k993.0k2.0m1.3m

Pre tax profit

(6.4m)2.8m(6.0m)(9.2m)(8.7m)(13.3m)(10.2m)(21.2m)(9.4m)

Income tax expense

397.0k581.0k962.0k347.0k3.0m865.0k483.0k600.0k824.0k1.2m1.4m527.0k(1.0m)(722.0k)364.0k

Net Income

319.0k(1.2m)(3.3m)(9.3m)(9.4m)(1.4m)(6.8m)2.2m(6.9m)(10.4m)(10.1m)(13.9m)(9.2m)(20.5m)(9.7m)

Maxwell Technologies Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

30.6m24.7m24.4m25.4m50.1m

Accounts Receivable

20.4m31.6m

Prepaid Expenses

4.4m3.0m

Inventories

44.7m2.4m2.6m32.2m32.2m

Current Assets

107.6m115.7m109.6m82.5m117.0m

PP&E

44.9m39.2m32.3m26.1m28.0m

Goodwill

26.0m23.6m23.6m22.8m36.1m

Total Assets

190.1m186.6m172.0m140.9m205.4m

Accounts Payable

19.2m32.8m

Short-term debt

7.9m15.5m42.0k40.0k33.0k

Current Liabilities

44.3m53.7m43.8m29.3m48.5m

Long-term debt

43.0k35.1m

Total Debt

7.9m15.5m42.0k83.0k35.2m

Total Liabilities

40.1m99.3m

Common Stock

3.2m3.7m

Additional Paid-in Capital

271.9m277.3m291.5m296.3m337.5m

Retained Earnings

(151.8m)(158.1m)(180.4m)(204.1m)(247.2m)

Total Equity

119.2m100.8m106.1m

Debt to Equity Ratio

0 x0 x0.3 x

Debt to Assets Ratio

0 x0.1 x0 x0 x0.2 x

Financial Leverage

1.4 x1.4 x1.9 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

31.6m30.7m30.8m23.1m25.0m24.8m21.6m35.7m27.8m20.9m19.2m52.9m40.1m21.5m23.6m

Inventories

45.0m45.0m52.0m43.2m41.1m40.8m29.2m33.0m34.9m30.4m30.2m31.6m37.5m41.6m39.6m

Current Assets

117.6m118.7m116.2m100.6m100.9m105.7m96.2m99.3m88.8m80.2m83.8m114.9m113.5m95.8m97.3m

PP&E

43.7m42.2m41.0m37.9m35.8m33.4m31.5m30.4m29.0m24.7m27.2m26.1m30.2m30.5m31.3m

Goodwill

26.2m26.1m24.5m24.1m24.9m24.0m24.0m23.6m23.9m23.2m35.6m35.2m36.6m35.2m35.5m

Total Assets

199.4m199.1m193.2m171.0m170.6m171.9m158.4m160.1m148.6m137.9m168.6m197.8m204.7m184.7m187.1m

Accounts Payable

27.4m26.6m30.7m17.9m19.4m29.6m22.6m23.4m17.5m20.6m26.5m29.6m33.0m27.3m18.9m

Short-term debt

10.5m10.1m9.3m15.2m5.9m47.0k37.0k33.0k44.0k41.0k20.0k33.0k5.0m5.0m34.0k

Current Liabilities

50.7m50.3m53.9m43.6m36.0m40.2m34.1m33.5m26.9m33.3m39.9m44.7m50.9m43.3m30.2m

Total Debt

10.5m10.1m9.3m15.2m5.9m47.0k37.0k33.0k44.0k41.0k20.0k33.0k5.0m5.0m34.0k

Total Liabilities

56.6m56.1m59.1m49.4m44.8m48.8m43.2m42.3m35.7m43.8m54.9m89.3m101.6m94.1m81.0m

Additional Paid-in Capital

273.3m274.9m276.3m278.6m289.1m290.5m292.4m293.8m294.9m298.6m325.0m334.6m341.9m344.2m368.0m

Retained Earnings

(151.5m)(152.7m)(155.9m)(167.4m)(176.8m)(178.2m)(187.2m)(185.1m)(191.9m)(214.5m)(224.6m)(238.5m)(256.2m)(267.5m)(277.2m)

Total Equity

142.8m143.1m134.0m125.8m123.0m115.3m117.8m112.9m94.1m113.7m108.5m103.1m90.7m106.1m

Debt to Equity Ratio

0.1 x0.1 x0.1 x0 x0 x0 x0 x0 x0 x0 x0 x0.1 x0 x

Debt to Assets Ratio

0.1 x0.1 x0 x0.1 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

1.4 x1.4 x1.4 x1.4 x1.4 x1.4 x1.4 x1.3 x1.5 x1.5 x1.8 x2 x2 x1.8 x

Maxwell Technologies Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

6.3m(6.3m)(22.3m)(23.7m)(43.1m)

Depreciation and Amortization

9.2m11.4m11.6m9.9m9.6m

Accounts Receivable

315.0k20.1m(8.0m)

Inventories

(4.6m)(1.5m)5.3m(5.0m)2.6m

Accounts Payable

5.0m(14.9m)8.8m

Cash From Operating Activities

19.9m(6.2m)9.4m(14.4m)(15.0m)

Purchases of PP&E

(16.8m)(7.0m)(4.1m)(6.0m)(5.8m)

Cash From Investing Activities

(16.8m)(7.0m)(4.1m)14.7m(4.4m)

Long-term Borrowings

(18.8m)(45.0k)(32.0k)

Cash From Financing Activities

(1.4m)9.6m(5.8m)796.0k43.3m

Net Change in Cash

50.0k577.0k24.8m

Interest Paid

190.0k223.0k245.0k75.0k82.0k

Income Taxes Paid

2.0m3.3m3.5m2.6m2.3m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

319.0k(1.2m)(3.3m)(9.3m)(18.7m)(20.2m)(6.8m)(4.7m)(11.5m)(10.4m)(20.5m)(34.4m)(9.2m)(20.5m)(30.2m)

Depreciation and Amortization

5.9m8.8m2.6m5.0m7.4m2.1m4.6m7.1m2.3m4.6m7.0m

Inventories

45.0m52.0m(7.2m)1.9m6.1m3.6m(6.0m)(10.9m)(9.5m)

Accounts Payable

7.3m309.0k(4.1m)(13.3m)

Cash From Operating Activities

1.1m8.5m(1.6m)(7.0m)(14.0m)(3.8m)(6.5m)(8.8m)(11.2m)(26.0m)(40.0m)

Purchases of PP&E

(2.2m)(2.8m)(2.2m)(3.6m)(4.7m)(945.0k)(2.1m)(3.3m)(3.9m)(7.8m)(9.7m)

Cash From Investing Activities

(2.2m)(2.8m)(2.2m)17.0m15.9m(945.0k)(657.0k)(1.9m)(3.9m)(7.8m)(9.7m)

Cash From Financing Activities

122.0k(5.8m)335.0k892.0k885.0k(10.0k)177.0k37.5m5.0m5.2m23.2m

Maxwell Technologies Ratios

USDY, 2018

EV/EBIT

-9.7 x

EV/CFO

-2 x

Financial Leverage

1.8 x
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Maxwell Technologies Operating Metrics

Maxwell Technologies's Backlog was reported to be $11.4m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$18.90 m$18.10 m$11.40 m

Manufacturing Facilities

3 3 2

Patents (US)

95 91 71

Patents Pending (US)

20 22 22

Trademarks (US)

12 12 5
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Maxwell Technologies Employee Rating

2.633 votes
Culture & Values
2.5
Work/Life Balance
2.7
Senior Management
2.0
Salary & Benefits
3.0
Career Opportunities
2.2
Source