Maxwell Laboratories Reports Record Sales

Maxwell Laboratories Inc. reported second-quarter net income of $651,000 on record sales of $15.2 million, compared to net income of $525,000 on sales of $13.6 million over the same three months last year.

Year-to-date net income stands at a record $1.3 million on sales of $29.8 million, compared to net income of $918,000 on revenues of $24.9 million over the same six months last year. Maxwell’s backlog is also at a record level, reaching $67.3 million on Jan. 31, compared to $49.1 million a year previous and $65.9 million on Oct. 31, the end of Maxwell’s first quarter.