Manufacturing  May 15, 2019

UQM grows revenues, losses in Q1

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LONGMONT — UQM Technologies Inc., a maker of components for the electric-motor industry, increased its revenue in the first quarter of fiscal year 2019 to $3.7 million, up from $1.6 million in the same period last year.

Despite sales growth, the company reported higher net losses: $2.6 million, or 5 cents per share, the past quarter, up from a net loss of $1.9 million, or 4 cents per share, last year.

The first quarter of fiscal year 2019 was an important one for UQM. Shareholders approved a sale of the company to Danfoss Power Solutions (US) Co. in April.

That deal, valued…

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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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