By Ben Glickman
ElectraMeccanica Vehicles’ sales fell sharply following a recall of several models of its vehicles.
The Mesa, Ariz.-based electric-vehicle maker reported a loss of $12.9 million, or 10 cents a share, compared with $19.5 million, or 16 cents a share, a year earlier.
Sales fell to $104,002 from $1.55 million a year earlier. ElectraMeccanica stopped the sale of certain models earlier this year after initiating a recall, and in April said it would repurchase the 429 affected vehicles at full price.
The company also said Friday that it may explore strategic options for its business, including potential mergers or the sale of assets.
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