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Maxwell (MXWL +4.4%) rallies after providing "unaudited financial highlights" for Q4 2012 and Q1...

Maxwell (MXWL +4.4%) rallies after providing "unaudited financial highlights" for Q4 2012 and Q1 2013, as it continues to work on restating past results. The company's invoiced shipments for Q4 and Q1 respectively totaled $41.9M and $46.6M, above a revenue consensus of $39.2M and $38.3M, with ultracapacitor shipments totaling $26.1M and $33.1M.  Maxwell's cash balance was $34.1M at the end of Q1, and its debt obligations $9.1M. The company adds it will increase contract assembly capacity for large-cell ultracapacitors by ~50% in Q3 to meet rising demand.
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Comments (2)
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    I think things will turn around for them once they get some proper accountants in there. by all accounts they are profitable and do good business but the sales teams were pulling sales in/out of the quarters to try & make the numbers look even better then they were...
    I'm even in this stock now and looking for it to be back to 15 in 18 months or so. They are going to be getting a BIG bump by the EPA/GOV mandates for new cars and the stop/start (Engine Off at stop lights etc) will mean cars/trucks will have to have their tech (hi boost to start the cars and fast charge of the cap/battery tech.)

     

    Mark
    30 Apr 2013, 07:23 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1808) | Send Message
     
    I entered small today I hope they finally have it together. We shall see.
    1 May 2013, 06:59 PM Reply Like
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