UQM Technologies (UQM) Misses Q1 EPS by 2c

UQM Technologies (NYSE: UQM) reported Q1 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02).

“While our revenues increased nicely this quarter compared to last year, our margins were lower as we were ramping up to support the higher volumes to be delivered later this year through expansion of our production workforce and building up subcomponents to support the booked demand,” said Joe Mitchell, UQM Technologies’ President and Chief Executive Officer. “Nonetheless, 2018 is shaping up to be a very strong year with new business wins coming from all around the world. We continue to capitalize on our initiatives and execute on our strategy to be a global leader in electric propulsion systems.”

For earnings history and earnings-related data on UQM Technologies (UQM) click here.

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