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Uqm Technologies Inc (UQM) SEC Filing 10-K Annual report for the fiscal year ending Thursday, March 31, 2016

Uqm Technologies Inc

CIK: 315449 Ticker: UQM

Exhibit 99.1

Picture 9

 

For Immediate Release

 

 

 

 

For more information contact:

    

Shawn Severson

 

 

EnergyTech Investor

 

 

415-233-7094

 

 

 

 

 

           or

 

 

David I. Rosenthal

 

 

UQM Technologies, Inc.

 

 

303-682-4900

 

 

UQM Technologies Reports Fourth Quarter and 

Fiscal Year 2016 Operating Results

 

 

 

LONGMONT, COLORADO, JUNE 7, 2016 - UQM TECHNOLOGIES, INC. (NYSE MKT: UQM),

 a developer of alternative energy technologies, today announced operating results for the fourth quarter and fiscal year ended March 31, 2016. Total revenue for the quarter was $1.5 million compared to $1.0 million in the fourth quarter last year. Net loss for the fourth quarter was $931,000, or $0.01 per common share. This compares to a net loss of $1.3 million, or $0.04 per common share for the same period last year.

 

For the year ended March 31, 2016, total revenue grew 32% to $5.3 million compared to $4.0 million in the prior year. Net loss was $6.9 million, or $0.16 per common share versus $6.0 million, or $0.15 per common share in the year ended March 31, 2015. As of March 31, 2016, cash was $7.0 million.

 

“Fourth quarter revenue grew 44% over the same quarter last year, reflecting increases in our North American base business as we continue to see growth with our existing customers and  take advantage of new applications for our electric propulsion systems,” said Joe Mitchell, UQM Technologies’ President and Chief Executive Officer. ”We are still focusing on our strategic business development in China where we see the greatest opportunity for our offerings at present. We are making significant inroads into this market as customers recognize the clear advantages of our products."

 

Conference Call

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss operating results for the quarter and year ended March 31, 2016. To attend the conference call, please dial 1-888-241-0326 approximately ten minutes before the conference is scheduled to begin and provide the passcode “9402118” to access the call. International

UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504  (303) 682-4900  FAX (303) 682-4901


The following information was filed by Uqm Technologies Inc (UQM) on Tuesday, June 7, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Stockholders' Equity
401(k) Employee Benefit Plan
401(k) Employee Benefit Plan (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts And Billings In Excess Of Costs And Estimated Earnings On Uncompleted Contracts
Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts And Billings In Excess Of Costs And Estimated Earnings On Uncompleted Contracts (narrative) (details)
Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts And Billings In Excess Of Costs And Estimated Earnings On Uncompleted Contracts (summary Of Contract In Process) (details)
Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts And Billings In Excess Of Costs And Estimated Earnings On Uncompleted Contracts (tables)
Fair Value Of Financial Instruments
Government Grants
Government Grants (narrative) (details)
Government Grants (schedule Of Capital Asset Purchases, Partially Funded By Government Grants) (details)
Government Grants (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (schedule Of Income Tax Benefit) (details)
Income Taxes (tables)
Interim Financial Data (details)
Interim Financial Data Unaudited
Interim Financial Data Unaudited (tables)
Inventories
Inventories (schedule Of Inventories Current And Noncurrent) (details)
Inventories (schedule Of Inventories) (details)
Inventories (tables)
Other Current Liabilities
Other Current Liabilities (schedule Of Other Current Liabilities) (details)
Other Current Liabilities (tables)
Patents And Trademarks
Patents And Trademarks (future Amortization Expense) (details)
Patents And Trademarks (narrative) (details)
Patents And Trademarks (tables)
Significant Customers
Significant Customers (details)
Significant Customers (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (schedule Of Nonvested Share Activity) (details)
Stock-based Compensation (schedule Of Share-based Compensation Expense) (details)
Stock-based Compensation (stock Options, Valuation Assumptions) (details)
Stock-based Compensation (summary Of Stock Option Activity) (details)
Stock-based Compensation (tables)
Stockholder's Equity
Stockholder's Equity (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accounts Receivables) (details)
Summary Of Significant Accounting Policies (inventories) (details)
Summary Of Significant Accounting Policies (loss Per Common Share) (details)
Summary Of Significant Accounting Policies (loss Per Common Share: Potential Shares Of Common Stock Not Included In The Calculation Of Diluted Net Loss Per Share) (details)
Summary Of Significant Accounting Policies (patent And Trademark Costs) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies (property And Equipment) (details)
Summary Of Significant Accounting Policies (tables)
Ticker: UQM
CIK: 315449
Form Type: 10-K Annual Report
Accession Number: 0000315449-16-000115
Submitted to the SEC: Tue Jun 07 2016 4:15:13 PM EST
Accepted by the SEC: Tue Jun 07 2016
Period: Thursday, March 31, 2016
Industry: Electronic Components

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