LONGMONT - UQM Technologies Inc., a designer and manufacturer of electric motors, generators and control systems for electric and hybrid vehicles, announced Thursday it lost $2.6 million, or 7 cents per share, during the quarter which ended Sept. 30. UQM Technologies' net loss compares with a $1.6 million loss, or 4 cents per share, during the same quarter of 2011.

UQM Technologies (NYSE MKT: UQM) is based east of Longmont.

Revenue was $1.2 million, down 49 percent from the $2.3 million the company posted in the same quarter last year. According to the company, revenues dropped because CODA Automotive, a builder of electric vehicles, has taken longer than expected to increase production of its four-door electric vehicle.

"Second quarter revenue was impacted by the slow pace of the CODA vehicle launch. We remain optimistic that CODA will resume its production ramp-up given its announced plans, including opening 10 U.S. dealerships by year end," UQM Technologies president and chief executive Eric R. Ridenour said in the earnings release.

UQM Technologies increased efforts to diversify its customer basis and sell in emerging markets, Ridenour said.