We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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UQM (NYSE MKT: UQM), which is headquartered outside of Longmont, suffered losses of $4.9 million, or 14 per share, for its fiscal year, which also ended March 31.
The quarterly loss compares to a $195,000, or 1 cent per share, net loss for the same period last year.
The loss comes despite a 61-percent increase in revenues to $3.8 million during the quarter. Total revenues for the year hit $10.1 million, up from $9 million the year before.
The revenue gains were primarily attributed to sales to CODA, a California-based electric car manufacturer, UQM said in a release.