Maxwell Technologies, Inc. MXWLreported adjusted loss of 16 cents per share in first-quarter 2018, in line with the Zacks Consensus Estimate. The figure was narrower than a loss of 23 cents in the year-ago quarter.
Excluding one-time items, the company incurred a GAAP loss of 25 cents per share, lower than the year-ago quarter’s loss of 32 cents.
Revenues
Maxwell Technologies’ first-quarter revenues of $28.4 million surpassed the Zacks Consensus Estimate of $28.2 million by 1%. The top line improved 6.5% from the year-ago quarter’s figure of $26.7 million.
Although high voltage revenues dropped 56.5% in the quarter, energy storage revenues improved 61.6%, which led to overall improvement in total revenues.