Sevcon (SEV) Reports Breakeven Q1

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/18/2026

1. SPY
2. FLNC
3. CRM
4. GNRC
5. CRWV
6. NVDA
7. USO
8. LMT
9. TLT
10. AMZN

Go back to Sevcon (SEV) Reports Breakeven Q1

Sevcon Reports Financial Results for First Quarter Fiscal 2016

February 2, 2016 5:25 PM EST

SOUTHBOROUGH, Mass., Feb. 02, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq: SEV) reported financial results for the first quarter of fiscal 2016 ended January 2, 2016 and the acquisition of Bassi S.r.l.

First-Quarter Fiscal 2016 Results Summary

Revenues decreased $0.8 million, or 8.2%, to $9.1 million, from $9.9 million in the first quarter of fiscal 2015, reflecting continued weakness on the industrials side of the business as a result of macro-economic conditions, partially offset by growth in the on-road and other EV categories. Foreign currency fluctuations decreased reported sales by... More