8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 7, 2017

UQM Technologies, Inc.

(Exact Name of Registrant as Specified in Charter)

Colorado	1-10869	84-0579156
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
4120 Specialty Place Longmont, Colorado 80504
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code: (303) 682-4900
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)

[  ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter). Emerging growth company [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act: [  ]

Item 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION.  

On August 7, 2017, UQM Technologies, Inc. issued a press release reporting its quarter results for the period ending June 30, 2017. A copy of this press release is furnished and attached hereto as Exhibit 99.1.

Item 9.01FINANCIAL STATEMENTS AND EXHIBITS.

(d)Exhibits

The following exhibit is furnished as part of this Current Report on Form 8-K.

Exhibit No.	Description of Exhibit
99.1	Press Release dated  August 7, 2017

The information in Item 2.02 of the Current Report, including the press release, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

28
	UQM TECHNOLOGIES, INC.
Date: August 7, 2017	By:   /s/DAVID I. ROSENTHAL
	David I. Rosenthal
	Treasurer, Secretary and Chief Financial Officer

2

EXHIBIT INDEX

Exhibit No.Description of Exhibit

99.1Press Release dated August 7, 2017

3

EX-99.1

Exhibit 99.1

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 Second Quarter Results

LONGMONT, COLORADO, AUGUST 7, 2017 - UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced operating results for the second quarter ended June 30, 2017. Total revenue for the quarter was $1.8 million compared to $1.4 million in the second quarter last year. Net loss for the second quarter was $1.3 million, or $0.03 per common share. This compares to a net loss of $2.0 million, or $0.04 per common share for the same period last year.

“We had a solid second quarter with higher sales of our PP220 and fuel cell compressor systems,” said Joe Mitchell, UQM Technologies’ President and Chief Executive Officer. ”We continue to see good traction on our China partnership initiatives and are optimistic about the future given the interest and momentum we are seeing in the business.”

Conference Call

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss operating results for the quarter ended June 30, 2017. To attend the conference call, please dial 888-241-0326 approximately 10 minutes before the conference is scheduled to begin and provide the conference ID “57428448” to access the call. International callers should dial 647-427-3411. The call will also be webcast from the Investors section of the company’s website at www.uqm.com/investors. Parties listening via the webcast will be in a “listen-only” mode. Please log onto UQM’s website 10 minutes prior to the start of the webcast to register.

An audio replay will be available after the call on the investor page of website listed above, or by calling 855-859-2056 or 404-537-3406 (international) and entering conference ID 57428448#.  The replay will be available through August 14, 2017.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine and industrial markets. A major emphasis for

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

UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information, please visit www.uqm.com.

This Release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our management with respect to, among other things, gaining required certifications, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity, and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Form 10-Q’s, which are available through our website at www.uqm.com  or at www.sec.gov.  

Source: UQM Technologies, Inc.

###Tables Attached###

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

UQM TECHNOLOGIES, INC. AND SUBSIDIARIES

Consolidated Condensed Statements of Operations (unaudited)

	Quarters Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Revenue:
Product sales	$	1,571,390	$	1,173,261	$	2,416,925	$	2,392,058
Contract services		217,565		261,820		387,075		547,313
		1,788,955		1,435,081		2,804,000		2,939,371
Operating costs and expenses:
Costs of product sales		1,006,639		759,089		1,614,488		1,568,923
Costs of contract services		80,552		236,949		161,616		540,390
Research and development		555,465		718,918		1,188,247		1,403,264
Selling, general and administrative		1,470,914		1,684,645		2,774,121		2,917,539
Recovery of impaired assets		-		-		-		(585,800)
		3,113,570		3,399,601		5,738,472		5,844,316
Loss from operations		(1,324,615)		(1,964,520)		(2,934,472)		(2,904,945)
Other income/ (expense):
Interest income		449		3,408		2,099		7,290
Interest expense		(21,363)		-		(22,731)		-
Amortization of deferred financing costs		(9,327)		-		(10,881)		-
Other		6,635		7,082		11,738		12,707
		(23,606)		10,490		(19,775)		19,997
Net loss	$	(1,348,221)	$	(1,954,030)	$	(2,954,247)	$	(2,884,948)
Net loss per common share - basic and diluted	$	(0.03)	$	(0.04)	$	(0.06)	$	(0.06)
Weighted average number of shares of common stock outstanding - basic and diluted		48,563,209		48,346,344		48,543,093		48,327,310

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

UQM TECHNOLOGIES, INC. AND SUBSIDIARIES

Consolidated Condensed Balance Sheets (unaudited)

	June 30,		December 31,
	2017		2016
Assets
Current assets:
Cash and cash equivalents	$	2,074,389	$	2,100,089
Restricted cash		165,312		-
Accounts receivable		791,918		1,163,316
Costs and estimated earnings in excess of billings on uncompleted contracts		29,917		29,917
Inventories, net		2,356,514		1,749,735
Prepaid expenses and other current assets		206,243		259,682
Total current assets		5,624,293		5,302,739
Property and equipment, at cost:
Land		896,388		1,683,330
Building		4,516,301		4,516,301
Machinery and equipment		7,090,147		7,052,740
		12,502,836		13,252,371
Less accumulated depreciation		(7,771,450)		(7,590,641)
Net property and equipment		4,731,386		5,661,730
Patent costs, net of accumulated amortization of $943,147 and $932,564, respectively		210,435		213,326
Trademark costs, net of accumulated amortization of $83,133 and $80,885, respectively		92,707		94,955
Restricted cash		420,631		-
Land held for sale		786,942		-
Total assets	$	11,866,394	$	11,272,750

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	951,962	$	809,950
Other current liabilities		1,487,029		1,318,941
Total current liabilities		2,438,991		2,128,891
Long-term debt, net of deferred financing costs of $63,732 and $0, respectively		3,100,797		-
Other long-term liabilities		131,667		141,667
Total long-term liabilities		3,232,464		141,667
Total liabilities		5,671,455		2,270,558
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value, 175,000,000 shares authorized; 48,566,548 and 48,519,313  shares issued and outstanding, respectively		485,665		485,193
Additional paid-in capital		128,556,455		128,409,933
Accumulated deficit		(122,847,181)		(119,892,934)
Total stockholders’ equity		6,194,939		9,002,192
Total liabilities and stockholders’ equity	$	11,866,394	$	11,272,750

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