Earnings Call Excerpt
Maxwell Technologies Inc. (MXWL)
Q3 2009 Earnings Call
November 3, 2009 5:00 pm ET
Executives
Mike Sund - VP of IR
David Schramm - President and CEO
Kevin Royal - CFO
Analysts
Steve Sanders - Stephens Incorporated
Jesse Pichel - Piper Jaffray
Walter Nasdeo - Ardour Capital
Ted Kundtz - Needham & Company
Mark Tobin - Roth Capital
Dilip Warrier - Thomas Weisel
Ralph Fong - Robert W. Baird
Presentation
Operator
Good day, ladies and gentlemen. All sites are now online in a listen-only mode. I'll now turn the program over to our moderator for today Mike Sund, the Vice President of Investor Relations. Please go ahead, sir.
Mike Sund
Good afternoon. In a few moments, you'll hear from David Schramm, Maxwell’s President and CEO; and Kevin Royal, our Chief Financial Officer.
Before we begin, I need to advise you that the following discussion will include forward-looking statements that are based on our current expectations and assumptions, which are subject to numerous risks and uncertainties. Actual results may differ materially because of factors such as Maxwell’s history of losses, reduced credit availability, demand for original equipment manufacturers’ products reaching anticipated levels, general economic conditions in the markets served by our products, cost-effective manufacturing, and the success of outsourced assembly, the impact of competitive products and pricing, risks and uncertainties involved in foreign operations, including the impact of currency fluctuations, and product liability or warranty claims in excess of our reserves.
For further information regarding risks and uncertainties associated with Maxwell’s business, please refer to the "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of our SEC filings, including our most recent Form 10-Q and our Annual Report on Form 10-K.
Electronic copies of these filings may be accessed by visiting the Investors section of our website and hard copies may be obtained by contacting the company by mail, e-mail, or telephone. Some of you are listening to this call via the internet, and an archived replay of the call will be available at our website. All information in today’s call is as of November 3, 2009. We undertake no duty to update our forward-looking statements to conform the statements to actual results or changes in the company’s expectations.
It's now my pleasure to introduce David Schramm, Maxwell’s President and CEO.
David Schramm
Thank you, Mike, and good afternoon to everybody. We are pleased to report that Maxwell recorded total revenue of $26.1 million for the third quarter ended September 30, that’s up 22% from the $21.7 million reported in the same period a year ago.
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