May 25, 2012

UQM Technologies posts $4.9M loss for year

LONGMONT – UQM Technologies Inc., a developer of electric motor technologies for automobiles and other vehicles, ended its fiscal 2011 in the red, with losses of nearly $5 million.
It also announced a net loss of $1.5 million, or 4 cents per share, for the quarter that ended March 31.

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.

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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.


LONGMONT – UQM Technologies Inc., a developer of electric motor technologies for automobiles and other vehicles, ended its fiscal 2011 in the red, with losses of nearly $5 million.
It also announced a net loss of $1.5 million, or 4 cents per share, for the quarter that ended March 31.

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…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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