UQM Technologies logs $2.4M quarterly loss
LONGMONT – Electric-motor manufacturer UQM Technologies Inc. (NYSE: UQM) on Thursday posted a $2.4 million net loss for the second quarter of its 2017 fiscal year.
The net loss for the period ending Sept. 30 amounted to 5 cents per share compared to 6 cents per share for the same quarter last year.
Revenue, meanwhile, sunk from $1.7 million last year to $1 million this year.
“Revenue was lower this quarter primarily because of higher sales of fuel cell systems last year,” UQM president and CEO Joe Mitchell said in a news release. “We continue to…
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