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Maxim Power Corp.

11:52 AM EST - Maxim Power Corp. : reported fourth-quarter net income of $505,000 or $0.01 per share, compared to $7.52 million or $0.15 per share last year. Revenues for the quarter were $41.98 million, down from $53.43 million in the prior-year quarter. For full year, net income was $2.13 million or $0.04 per share, compared to $11.31 million or $0.23 per share a year earlier. Revenues for the year declined to $143.74 million from $146.68 million a year ago. Maxim Power Corp. shares T.MXG are trading down $0.03 at $3.29.