Maxwell Technologies, Inc. reported revenue of $42.5 million for its fourth quarter ended December 31, 2011, up 24 percent over the $34.2 million recorded in the same period in 2010. Revenue for the fiscal year ended December 31, 2011, totaled $157.3 million, up 29 percent over the $121.9 million recorded in fiscal 2010.
Ultracapacitor revenue increased by 30 percent, to $26.2 million in Q411, compared with $20.2 million in the same period last year, and totaled $97.0 million for the full year, up 42 percent from the $68.5 million recorded in 2010. Sales of high voltage capacitor and microelectronics products totaled $16.3 million in Q411, up 16 percent from the $14.0 million recorded in Q410, and full year sales for those products totaled $60.3 million, up 13 percent from the $53.4 million recorded in 2010.
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