Maxwell Technologies, Inc. MXWL incurred an adjusted loss of 18 cents per share in the first quarter of 2016, wider than the Zacks Consensus Estimate of loss of 16 cents. Reported loss, however, narrowed from the year-ago level of loss of 32 cents.On a GAAP basis, the company reported a net loss of 22 cents per share, narrower than the year-ago figure of 32 cents.Maxwell Technologies Inc. (MXWL) EPS BNRI & Surprise Percent - Last 5 Quarters | FindTheCompanyRevenueMaxwell Technologies’ first-quarter revenues of $35.2 million came in above both the Zacks Consensus Estimate and the year-ago figure of $34.7 million by 1.4% on the back of higher sales of ultracapacitors (7.2%) and microelectronics (69%). However, on a sequential basis, the reported figure plunged 29.4% mainly due to lower ultracapacitor revenues (37%). Operational HighlightsIn the quarter under review, the company’s cost of revenue was $25.6 million, up 4.9% year over year.Total operating expenses were $15.9 million in the quarter, or 45.1% of revenues, compared with $18.9 million, or 54.4% of revenues in the prior-year quarter.Financial ConditionAs of Mar 31, 2016, Maxwell Technologies had cash and cash equivalents of $21.6 million, compared with $24.4 million as of Dec 31, 2015.Long-term debt (excluding current portion) was $0.04 million as of Mar 31, 2016, down from $0.05 million as of Dec 31, 2015.GuidanceMaxwell expects total revenue in the range of $34–$36 million for the second quarter of 2016. Non-GAAP gross margin is expected to be 30–32%. Non-GAAP operating expense is projected in the range of $13–$13.5 million.Zacks RankMaxwell Technologies currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space include Fabrinet FN, Rogers Corporation ROG and Littelfuse Inc. LFUS, each carrying a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ROGERS CORP (ROG): Free Stock Analysis Report FABRINET (FN): Free Stock Analysis Report LITTELFUSE INC (LFUS): Free Stock Analysis Report MAXWELL TECH (MXWL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research