Maxwell Technologies Revenue

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

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Summary - Funding Rounds

Founding Date

1965

Total Funding

$72 m

Investors

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

Maxwell Technologies Revenue Breakdown

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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

Maxwell Technologies Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

167.4m121.2m87.7m90.5m

Revenue growth, %

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

Cost of goods sold

116.4m88.3m82.4m80.5m

Gross profit

51.0m33.0m5.3m10.0m

Gross profit Margin, %

30%27%6%11%

R&D expense

24.7m20.9m16.3m20.0m

General and administrative expense

40.8m36.3m38.2m30.5m

Operating expense total

68.0m58.9m57.0m50.7m

EBIT

(17.0m)(25.9m)(51.7m)(40.7m)

EBIT margin, %

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

Interest expense

284.0k248.0k1.4m4.5m

Pre tax profit

(17.7m)(19.6m)(53.3m)(45.5m)

Income tax expense

4.6m4.1m559.0k(1.1m)

Net Income

(22.3m)(23.7m)(43.1m)(36.5m)

Quarterly

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

Revenue

35.2m34.1m25.5m26.7m37.1m35.8m28.4m57.9m33.7m

Cost of goods sold

25.6m24.2m17.9m20.5m29.3m28.4m22.7m46.8m27.4m

Gross profit

9.7m10.0m7.6m6.2m7.8m7.4m5.7m11.1m6.4m

Gross profit Margin, %

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

R&D expense

5.6m5.5m5.2m4.7m4.4m4.9m5.5m11.1m5.6m

General and administrative expense

10.1m8.2m8.4m9.5m12.1m14.5m9.6m19.4m9.1m

Operating expense total

15.9m13.8m13.6m15.2m16.5m20.7m15.0m30.5m14.6m

EBIT

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

EBIT margin, %

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

Interest expense

70.0k61.0k48.0k63.0k97.0k152.0k993.0k2.0m1.3m

Pre tax profit

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

Income tax expense

483.0k600.0k824.0k1.2m1.4m527.0k(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)

Maxwell Technologies Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

24.4m25.4m46.2m58.0m

Accounts Receivable

43.2m20.4m22.7m20.0m

Prepaid Expenses

2.6m4.4m2.2m2.8m

Inventories

39.1m32.2m23.5m33.6m

Current Assets

109.6m82.5m117.0m114.5m

PP&E

32.3m26.1m20.0m24.4m

Goodwill

23.6m22.8m14.7m14.2m

Total Assets

172.0m140.9m205.4m163.7m

Accounts Payable

34.0m19.2m27.3m16.5m

Short-term debt

42.0k40.0k438.0k

Current Liabilities

43.8m29.3m48.5m28.4m

Long-term debt

49.0k43.0k35.0m38.0m

Total Debt

91.0k83.0k35.0m38.4m

Total Liabilities

52.8m40.1m99.3m73.1m

Common Stock

3.2m3.2m3.7m4.6m

Additional Paid-in Capital

291.5m296.3m337.5m369.8m

Retained Earnings

(180.4m)(204.1m)(247.2m)(283.5m)

Total Equity

119.2m100.8m106.1m90.6m

Debt to Equity Ratio

0 x0 x0.3 x0.4 x

Debt to Assets Ratio

0 x0 x0.2 x0.2 x

Financial Leverage

1.4 x1.4 x1.9 x1.8 x

Quarterly

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

Cash

21.6m35.7m27.8m20.9m19.2m52.9m40.1m21.5m23.6m

Inventories

29.2m33.0m34.9m30.4m30.2m31.6m37.5m41.6m39.6m

Current Assets

96.2m99.3m88.8m80.2m83.8m114.9m113.5m95.8m97.3m

PP&E

31.5m30.4m29.0m24.7m27.2m26.1m30.2m30.5m31.3m

Goodwill

24.0m23.6m23.9m23.2m35.6m35.2m36.6m35.2m35.5m

Total Assets

158.4m160.1m148.6m137.9m168.6m197.8m204.7m184.7m187.1m

Accounts Payable

22.6m23.4m17.5m20.6m26.5m29.6m33.0m27.3m18.9m

Short-term debt

37.0k33.0k44.0k41.0k20.0k33.0k5.0m5.0m34.0k

Current Liabilities

34.1m33.5m26.9m33.3m39.9m44.7m50.9m43.3m30.2m

Total Debt

37.0k33.0k44.0k41.0k20.0k33.0k5.0m5.0m34.0k

Total Liabilities

43.2m42.3m35.7m43.8m54.9m89.3m101.6m94.1m81.0m

Additional Paid-in Capital

292.4m293.8m294.9m298.6m325.0m334.6m341.9m344.2m368.0m

Retained Earnings

(187.2m)(185.1m)(191.9m)(214.5m)(224.6m)(238.5m)(256.2m)(267.5m)(277.2m)

Total Equity

115.3m117.8m112.9m94.1m113.7m108.5m103.1m90.7m106.1m

Debt to Equity Ratio

0 x0 x0 x0 x0 x0 x0 x0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

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

Maxwell Technologies Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(22.3m)(23.7m)(43.1m)(36.5m)

Depreciation and Amortization

11.6m9.9m8.4m8.1m

Accounts Receivable

315.0k20.1m(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)796.0k43.3m22.9m

Net Change in Cash

50.0k577.0k24.8m7.9m

Interest Paid

245.0k75.0k82.0k2.8m

Income Taxes Paid

3.5m2.6m45.0k49.0k

Quarterly

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

Net Income

(6.8m)(4.7m)(11.5m)(10.4m)(20.5m)(34.4m)(9.2m)(20.5m)(30.2m)

Depreciation and Amortization

2.6m5.0m7.4m2.1m4.6m7.1m2.3m4.6m7.0m

Inventories

(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

(1.6m)(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)17.0m15.9m(945.0k)(657.0k)(1.9m)(3.9m)(7.8m)(9.7m)

Cash From Financing Activities

335.0k892.0k885.0k(10.0k)177.0k37.5m5.0m5.2m23.2m
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Maxwell Technologies Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Backlog

$18.90 m$18.10 m$11.40 m$21.40 m$15.40 m

Manufacturing Facilities

3 3 2 3 2

Patents (US)

95 91 71 93 90

Patents Pending (US)

20 22 22 20 20

Trademarks (US)

12 12 5 7 5
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Maxwell Technologies Employee Rating

2.634 votes
Culture & Values
2.5
Work/Life Balance
2.6
Senior Management
2.0
Salary & Benefits
3.0
Career Opportunities
2.3
Source