Maxwell Technologies Reports First Quarter Financial Results

4/29/2002 - Maxwell Technologies, Inc. (Nasdaq: MXWL) today reported revenue from continuing operations of $14.3 million for its first quarter ended March 31, 2002, compared with $27.0 million for the three months ended March 31, 2001 (which included $5.3 million from a business that was sold in June 2001), and $15.4 million for the quarter ended December 31, 2001. First quarter operating loss was $5.2 million, or $0.50 per share, compared with $3.3 million, or $0.33 per share, for the three months ended March 31, 2001, and $5.6 million, or $0.55 per share, for the three months ended December 31, 2001.

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