Sevcon is a world leader in the design and manufacture of microprocessor-based controls for zero emission electric vehicles. The controls are used to vary the speed and movement of vehicles, to integrate specialized functions, and to optimize the energy consumption of the vehicles power source. The company supplies customers throughout the world from its operations in the US, the UK, France and the Asia Pacific region and through an international dealer network. Sevcons customers are manufacturers of on- and off-road vehicles including cars, trucks, buses, motorcycles, fork-lift trucks, aerial lifts, mining vehicles, airport tractors, sweepers and other electrically powered vehicles.
Sevcons revenue growth is being driven by strong sales of the innovative Gen4 motor controls range that the company has developed for on-road electric vehicles. This growth demonstrates that automotive OEMs and tier-one suppliers increasingly recognize that the technology Sevcon has developed for off-road EV applications during the past 50 years can improve vehicle efficiency and performance in on-road applications, as well. The worlds growing demand for on-road EVs is an opportunity that has the potential to transform and dramatically increase the scale of Sevcons business in the years ahead. The company is successfully executing on a strategy aimed at capitalizing on this opportunity.
SOUTHBOROUGH, Mass., May 7, 2013 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) reported financial results for the second quarter of fiscal 2013 ended March 30, 2013.
Second Quarter Fiscal 2013 Results Summary
Revenues were $8.0 million, down from $10.1 million in the second quarter of fiscal 2012 but indicating a recovery from the $6.6 million recognized in the first quarter of fiscal 2013. Thi...
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SOUTHBOROUGH, Mass., April 22, 2013 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV), a global manufacturer of drivetrain controls for electric and hybrid vehicles, today announced that it will release second-quarter 2013 financial results after the close of the market on Tuesday, May 7, 2013. Sevcon will host a conference call to discuss the results on Wednesday, May 8, 2013 at 9:00 a.m. ET.
President and Chief Executive Officer Matt Boyle and Vice President, Treasurer and Chief Financial Officer Paul Farquhar will host the call.
Those who wish to listen to the conference call webcast sh...
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SOUTHBOROUGH, Mass., Jan. 29, 2013 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) a global manufacturer of drivetrain controls for electric and hybrid vehicles, today reported financial results for the first quarter of fiscal 2013 ended December 29, 2012.First Quarter Fiscal 2013 Results Summary
Revenues were $6.6 million, compared with $8.5 million in the first quarter of fiscal 2012, resulting from the fluctuations in demand from most of the Company's markets that began in the fourth quarter of fiscal 2012.
Operating loss was $1.2 million, compared with operating income of $0...
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SOUTHBOROUGH, Mass., Jan. 18, 2013 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV), a global manufacturer of drivetrain controls for electric and hybrid vehicles, today announced that it will release first-quarter 2013 financial results after the close of the market on Tuesday, January 29, 2013. Sevcon will host a conference call to discuss the results on Wednesday, January 30, 2013 at 9:00 a.m. ET.
President and Chief Executive Officer Matt Boyle and Vice President, Treasurer and Chief Financial Officer Paul Farquhar will host the call.
Those who wish to listen to the conference call we...
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SOUTHBOROUGH, Mass., Dec. 4, 2012 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV), a global manufacturer of drivetrain controls for electric and hybrid vehicles, today reported financial results for the full year and for the fourth quarter of fiscal 2012 ended September 30, 2012.Fourth Quarter Fiscal 2012 Results Summary
Revenues were $8.0 million, compared with $9.4 million in the fourth quarter of fiscal 2011, reflecting lower demand for Sevcon's Gen4 controller product line in the company's off-road and on-road electric vehicle (EV) markets. Foreign currency exchange rate changes reduced...
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