Maxwell Technologies reported a net loss of $8.0 million on revenue of $13.6 million for its second quarter ended June 30, 2007, compared with a net loss of $4.3 million, on revenue of $12.8 million for the same period in 2006. The year-to-year comparison is affected by a non-cash $1.8 million negative swing in calculated fair value of conversion features of convertible debentures. Boostcap ultracapacitor revenue increased 18 percent sequentially, from $3.3 million in Q107 to $3.9 million in Q207. David Schramm, who succeeded Richard Balanson as Maxwell's president and chief executive officer on July 23, said the company expects ultracapacitor revenue to continue growing in the third quarter, based on strong recent sales and bookings activity.