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 $0.25 million in the first quarter last year.
- Net loss was $1.3 million, or ($0.39) per diluted share, compared with net income of $284,000, or $0.08 per diluted share, a year earlier.