Finance

UQM Technologies' PowerPhase HD 220 drive package.

UQM Technology CEO “Removed” By Board

Denver Business Journal reported that UQM Technologies has ousted 5-year CEO Eric Ridenour and we’ve learned the position has been filled by COO Joseph Mitchell.  The official statement: UQM Technologies, Inc. (NYSE MKT: UQM) today announced that its board of directors has promoted Joseph Mitchell to the position of Chief…

1 year ago by Ted Dillard 4

UQM PowerPhase HD 220

UQM Technologies Reports $1.4 Million Loss In Fourth Quarter

UQM Technologies announced that revenues for the quarter ending December 31, 2014 fell by almost 60% year-over-year to $836,000. Lower revenues typically translate to higher losses and here we see $1.4 million. “UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced operating results for the…

1 year ago by Mark Kane 9

Electrovaya projects

Electrovaya Increased Revenues To $7.4 Million In FY 2014

The small Canadian lithium-polymer battery manufacturer Electrovaya announced that in FY 2014 (ending September 30, 2014) revenues increased by 161% year-over-year to $7.4 million. More good news is that the direct manufacturing costs stand at $4.582 million, which means that $2.822 million in income comes from production, although adding all…

1 year ago by Mark Kane 0

electrovaya

Electrovaya Reports Revenue Growth Of 1400 %

Battery manufacturer Electrovaya, supplier of lithium-ion batteries for Dongfeng Motors, announced that revenues in the quarter ending June 30 amounted to $2.131 million. Thanks to a low base, this is 1,400% more than in 2013. Electrovaya seems to ramping-up production after $1.835 million revenues in Q1, however net losses for…

2 years ago by Mark Kane 8

UQM Technologies PowerPhase Pro HD series

UQM Technologies Revenues Down Almost 50% in Q2

UQM Technologies announced that the quarter (Q2) that ended June 30, 2014 brought a drop of revenues by almost 50% from $1.9 million in 2013 to just $1.0 million this year. This didn’t help income. In fact there is net loss of $1.3 million. Eric R. Ridenour, UQM Technologies President…

2 years ago by Mark Kane 1

Brammo Empulse R

TEAM Industries Invests in Brammo, Begins Strategic Partnership

Electric motorcycle manufacturer Brammo announced that it entered into a strategic partnership with TEAM Industries. Both companies would like to to join forces to design and develop world-class electric vehicle drivetrains for the next generation of electric vehicles. We are of course curious who could be the customers for those…

2 years ago by Mark Kane 0