UQM Technologies (UQM) Reports Q2 Loss of $0.05

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UQM Technologies Reports Second Quarter Results

November 10, 2016 4:05 PM EST

LONGMONT, Colo.--(BUSINESS WIRE)-- UQM Technologies, Inc. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced operating results for the second quarter of fiscal year 2017. Total revenue for the quarter was $1.0 million compared to $1.7 million in the second quarter last year. Net loss for the second quarter was $2.4 million, or $0.05 per common share. This compares to a net loss of $2.4 million, or $0.06 per common share for the same period last year.

Revenue was lower this quarter primarily because of higher sales of fuel cell systems last year, said Joe Mitchell, UQM... More