UQM’s revenue declines, loss widens in 2Q

LONGMONT — UQM Technologies Inc. (NYSE: UQM), a developer of alternative-energy technologies based east of Longmont in Weld County, reported on Wednesday a decline in revenue and a loss for its second quarter that ended Sept. 30.

UQM’s revenue for the quarter was $1.1 million compared with $2 million for the same quarter last year. Net loss for the second quarter was $2 million, or 5 cents per common share, compared with a net loss of $400,000, or 1 cent per share, for the same quarter a year ago.

UQM develops and manufactures electric motors, generators and electronic controllers for the commercial…