Maxwell was incorporated under the name Maxwell Laboratories Inc. in 1965. The Company made an initial public offering of common stock on the NASDAQ Stock Market in 1983, and changed its name to Maxwell Technologies Inc. in 1996. We are headquartered in San Diego, California, and have design, sales and manufacturing locations in the United States, Germany, China and South Korea. We develop, manufacture and market energy storage and power delivery products for transportation, grid energy storage, industrial and other applications. We are focused on enhancing our technology platforms to achieve sustainable growth in the Automotive, Grid, Rail and Wind markets within Energy Storage, and further advance our Dry Battery Electrode technology to capitalize on what we believe represents an unprecedented long-term growth opportunity.
Net loss reported for the three months ended March 31, 2019 was $17.6 million, or $0.38 per share, compared with a net loss of $9.2 million, or $0.28 per share, in the same period one year ago. The $8.4 million increase in net loss was primarily related to the following: