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Article Excerpt
FREDERICK, Colo., May 26 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC. , a developer of alternative energy technologies, announced today operating results for the quarter and fiscal year ended March 31, 2005. Continuing operations for the fourth quarter resulted in a loss of $371,341 or $0.01 per common share on total revenue of $1,537,235 versus a loss from continuing operations of $519,541 or $0.03 per common share on total revenue of $764,804 for the fourth quarter last year. Net loss for the quarter was $380,762 or $0.01 per common share versus a net loss of $1,882,878 or $0.10 per common share for the comparable quarter last year.
Continuing operations for the fiscal year ended March 31, 2005 resulted in a loss of $1,814,695 or $0.09 per common share on total revenue of $4,763,291 versus a loss from continuing operations of $1,422,315 or $0.07 per common share on total revenue of $5,040,904 last fiscal year. Net loss for the fiscal year was $1,868,896 or $0.09 per common share versus a net loss last year of $4,786,953 or $0.25 per common share.
"Loss from continuing operations for the quarter ended March 31, 2005 declined to $371,341 or $0.01 per common share from $519,541 or $0.03 per common share due to higher levels of total revenue which were propelled by nearly a four-fold increase in product sales. Loss from continuing operations for the fiscal year ended March 31, 2005 rose to $1,814,695 or $0.09 per common share versus $1,422,315 or $0.07 per common share last fiscal year reflecting lower margins on contract services and expenditures associated with the expansion of our production engineering activities," said Donald A. French,...
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