UQM Technologies posts quarterly loss

FREDERICK – UQM Technologies Inc. (Amex: UQM), a Frederick-based developer of high-efficiency electric motors, posted a net loss for the quarter ending June 30.
The company’s net loss was $730,805 – or 3 cents per share – on revenue of $1,153,205 for the quarter. Revenue nearly doubled, compared to the same period last year, when UQM took in $683,996.
During the second quarter of 2004, the company lost $714,903, or 4 cents per share.
Company CFO Donald French attributed the most recent quarterly loss to lower profit margins on contract services and to expenses incurred during expansion of UQM’s…