The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 1, 2019. Its latest SEC filing is a SC 13G/A from Feb 14, 2020.
10-Q for Q1 FY2019, filed May 1, 2019
The sections below describe the company as of the FY2018 annual report.
Sells ultracapacitor and lithium-ion capacitor products to automakers, utilities, and industrial customers, and develops dry battery electrode technology for lithium-ion batteries.
10-K for FY2018, filed Feb 14, 2019Maxwell was incorporated under the name Maxwell Laboratories, Inc. in 1965. The Company made an initial public offering of common stock on…View ↗
Energy Storage: Our market leading ultracapacitor products are energy storage devices that possess a unique combination of high power…View ↗
Dry Battery Electrode Technology: We have developed and transformed our patented, proprietary and fundamental dry electrode manufacturing…View ↗
Customers mainly pay for manufactured products after delivery or pickup by their freight forwarder; payment is generally due after delivery. Specialized services are billed as work progresses, and royalties are tied to sales using licensed technology.
10-K for FY2018, filed Feb 14, 2019For product sales, each purchase order, along with any existing governing customer agreements when applicable, represents a contract with a…View ↗
The Company’s contracts with customers do not typically include extended payment terms. Payment terms vary by contract type and type of…View ↗
Approximately five percent of total revenue is derived from non-product sales. When the Company’s contracts with customers require…View ↗
The Company has two uncompleted, non-product sale contracts with original durations of greater than one year. The transaction price…View ↗
$90.5M
10-K for FY2018, filed Feb 15, 2019
$90.5M ↗Markets and sells worldwide through direct and indirect channels to integrators and original equipment manufacturers, which incorporate its products into end products; it also sells electrode material to YEC.
10-K for FY2018, filed Feb 14, 2019
Financial instruments, which subject the Company to potential concentrations of credit risk, consist principally of the Company’s accounts…View ↗
No. It lost $36.5M in FY2018.
10-K for FY2018, filed Feb 15, 2019
10-K for FY2018, filed Feb 15, 2019
−$40.7MView ↗
10-K for FY2018, filed Feb 15, 2019
−$36.5MView ↗
10-K for FY2018, filed Feb 15, 2019
−$63.8MView ↗
10-Q for Q1 FY2019, filed May 2, 2019
−$17.6MView ↗
8-K, filed May 16, 2019
On May 16, 2019, Tesla, Inc., a Delaware corporation (“Tesla”), completed the previously announced acquisition of Maxwell Technologies…View ↗
Shrank. Revenue fell 52% in 4 years, from $186.6M in FY2014 to $90.5M in FY2018, about 17% a year.
A narrower product portfolio
The older report covered high-voltage capacitors and radiation-hardened space electronics; the latest says the high-voltage business was sold and the microelectronics line divested, with energy storage as the commercialized product line.
10-K for FY2015, filed Feb 17, 2016 10-K for FY2018, filed Feb 14, 2019During the period covered by this Annual Report, we also owned and operated a high voltage product line via our former Swiss subsidiary…View ↗
Our primary corporate objective is to offer innovative products to our customers to help them achieve their business goals. Further, our…View ↗
Maxwell is a global leader in developing, manufacturing and marketing energy storage and power delivery products for transportation…View ↗
Dry electrodes applied to batteries
The older report described a solvent-free process for making ultracapacitor electrode material; the latest also presents dry electrode technology as a way to manufacture lithium-ion battery electrodes.
10-K for FY2015, filed Feb 17, 2016 10-K for FY2018, filed Feb 14, 2019To reduce manufacturing cost and improve the performance of our ultracapacitor products, we developed a proprietary, solvent-free, process…View ↗
Dry Battery Electrode Technology: We have developed and transformed our patented, proprietary and fundamental dry electrode manufacturing…View ↗
Competes with Panasonic, LS Mtron, Supreme Power Solutions, Vina Technology, Samxon, Skeleton Technologies, Yunasko, and Ioxus
10-K for FY2018, filed Feb 14, 2019Our ultracapacitor products have two types of competitors: other ultracapacitor suppliers and purveyors of energy storage and power…View ↗
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