Maxwell Technologies Reports Q4 EPS of $0.04 vs. $0.04

Maxwell Technologies, Inc. MXWL today reported revenue of $34.2 million for its fourth quarter ended December 31, 2010, up 22 percent over the $28.0 million recorded in the same period in 2009. For fiscal year ended December 31, 2010, the company reported revenue of $121.9 million, up 20 percent over the $101.3 million recorded in fiscal 2009. On a non-GAAP basis, the company reported an operating profit of $1.5 million in Q410 compared with an operating loss of $55,000 in the same period last year. Non-GAAP operating profit for the full year was $3.2 million compared with a non-GAAP operating loss of $1.5 million in 2009. Non-GAAP net income for Q410 was $1.1 million, or $0.04 per diluted share, compared with a net loss of $2.2 million or $0.09 per share in Q409. Non-GAAP net income for the full year was $1.3 million, or $0.05 per diluted share, compared with a net loss of $5.0 million or $0.21 per share in 2009. A reconciliation of GAAP to non-GAAP financial measures is included as an addendum to this release.