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.


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...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

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