Form 8-K UQM TECHNOLOGIES INC For: Jul 30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington,  D.C. 20549

                                                                                                      

FORM 8-K

                                                                                                      

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 30, 2015

UQM Technologies, Inc.
(Exact name of registrant as specified in its charter)

 

4120 Specialty Place,  Longmont, Colorado 80504
(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (303) 682-4900

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)

[  ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

 

Item 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 30, 2015, UQM Technologies, Inc. issued a press release reporting its first fiscal quarter results for the period ending June 30,  2015. A copy of this press release is furnished and attached hereto as Exhibit 99.1.

 

Item 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits

The following exhibit is furnished as part of this Current Report on Form 8-K.

Exhibit numberDescription

Exhibit 99.1Press Release dated July 30, 2015

The information in Item 2.02 of the Current Report, including the press release, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing. 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

                                                                                                      

 

 

---

Exhibit 99.1

 

 

 

 

 

LONGMONT, COLORADO, JULY 30, 2015 - UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a  developer of alternative energy technologies, today announced financial and operating results for the first quarter ended June 30, 2015.

 

Total revenue for the quarter was $741,000 compared with $1.0 million in the same quarter last year. Net loss for the first quarter was $2.2 million, or $0.06 per common share. This compares to a net loss of $1.3 million, or $0.03 per common share for the same period last year. As of June 30, 2015, cash was $5.6 million and working capital was $13.8 million. 

 

“While first quarter revenue was down from same quarter last year, we are beginning to see signs of a recovery with some of our customers in the US electric vehicle market and early traction with our newly-acquired fuel cell business,” said Joe Mitchell, COO and interim President and CEO. “The pace and progress of our negotiations with potential Chinese partners has increased, and with production orders from existing and new customers anticipated in the coming quarters, we believe that we are poised to turn a corner as a company in the coming year.”

 

 

Conference Call

 

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss operating results for the quarter ended June 30, 2015. To attend the conference call, please dial 1-888-241-0326 approximately 10 minutes before the conference is scheduled to begin and provide the passcode “85195023” to access the call. International callers should dial 1-647-427-3411.  For anyone who is unable to participate in the conference, a recording will be available for 7 days beginning at 6:30 p.m. Eastern Time today. To

---

 

access the playback call 1-855-859-2056 and enter replay code “85195023#.” International callers should dial +1-404-537-3406.

 

About UQM

 

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado.

 

This Release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our management with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Form 10-Q’s, which are available through our website at www.uqm.com  or at www.sec.gov.

 

 

###Tables Attached###

---

 

UQM TECHNOLOGIES, INC.

AND SUBSIDIARIES

Consolidated Condensed Statements of Operations (unaudited)

 

 

 

---

 

UQM TECHNOLOGIES, INC.

AND SUBSIDIARIES

Consolidated Condensed Balance Sheets

 

 

 

 

 

# End Table

# End #

---