UQM Technologies (UQM) Misses Q1 EPS by 2c

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UQM Technologies Reports First Quarter Operating Results

May 10, 2018 4:05 PM EDT

LONGMONT, Colo.--(BUSINESS WIRE)-- UQM TECHNOLOGIES, INC. (NYSE American: UQM), a developer of alternative energy technologies, announced today operating results for the first quarter ended March 31, 2018. Total revenue for the quarter was $1.6 million compared to $1.0 million in the first quarter last year, an increase of 59%. Net loss for the first quarter was $1.9 million, or $0.04 per common share. This compares to a net loss of $1.6 million, or $0.03 per common share for the same period last year.

While our revenues increased nicely this quarter compared to last year, our... More