Ultracapacitor manufacturer Maxwell Technologies reported a net loss of $7.5 million, on revenue of $12.0 million for its first quarter 2006. That compares with a net loss of $2.2 million, on revenue of $9.8 million for the same period in 2005. The Q1 06 loss reflects the impact of non-cash provisions totaling $5.4 million, including $936,000 of compensation expense for stock options and restricted stock grants and charges of $904,000 for amortization and $3.5 million for a change in "fair value" of conversion features in $25 million of convertible debentures and warrants issued in December 2005.