Read as much as you want on, anywhere and anytime, for just 99¢.

Mass. Movers

Sevcon stalls after weak earnings report

Sevcon, of Southborough, makes electric-vehicle gear.

Scott Olson/Getty Images/File 2012

Sevcon, of Southborough, makes electric-vehicle gear.

Continue reading below

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.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of