Sevcon Inc., which designs and makes microprocessor-based controls for zero-emission electric vehicles, last week blamed “challenging global economic conditions” for a quarterly net loss of $1.3 million, or 39 cents per diluted share, versus net income of $284,000, or 8 cents per diluted share, a year earlier. Revenue was $6.6 million, down from $8.5 million. Still, Sevcon is “well-positioned to leverage the underlying strength in global demand for green transportation,” it said.
Sevcon stalls after weak earnings report
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