Operator
Thank you for standing by. This is the conference operator. Welcome to the Westport Fuel Systems, Inc. first-quarter 2021 results conference call.
[Operator instructions] The conference is being recorded. I would now like to turn the conference over to Christine Marks, Westport s investor relations representative. Please go ahead, Ms. Marks.
Christine Marks
Investor Relations
Thank you, and good morning, everyone. Welcome to Westport Fuel Systems first-quarter 2021 conference call which is being held to coincide with the press release containing Westport Fuel Systems financial results that was distributed yesterday. On today s call speaking on behalf of Westport Fuel Systems is chief executive officer, David Johnson; and chief financial officer, Richard Orazietti. Attendance at this call is open to the public and to media, but questions will be restricted to the investment community.
BASF aims to change the way batteries are produced to create healthier planet with focus on manganese
The world’s largest chemical producer’s long-term battery materials strategy incorporates its goal of reducing CO2 emissions by 25% by 2030 and to net-zero by 2050. BASF will look to use more manganese in the production of cathode active materials.
German-based BASF SE (FRA:BAS), the world’s largest chemical producer, has outlined its long-term battery materials strategy, focused on cathode active materials, including manganese.
The cathode part of a battery is the positive electrode that acquires electrons from the external circuit and is reduced during the electrochemical reaction, and typically the primary active component of the cathode has been cobalt.
Westport Fuel Systems Inc (WPRT) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
/EIN News/ VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (“
WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2020 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FOURTH QUARTER 2020 HIGHLIGHTS
Record revenue of $83.9 million, an increase of 13% over same period last year, with OEM revenue up 32% due to continued growth in HPDI™ 2.0 sales volumes combined with strengthening light-duty OEM sales
Net income of $4.1 million or $0.03 per share; Adjusted EBITDA was $8.1 million, or a $4.5 million improvement year-over-year
Liquidity bolstered by net $27.6 million raised by shares issued under the at-the-market equity offering, of which $13.2 million was raised following the close of the quarter
Westport Fuel Systems Inc: Westport Fuel Systems Reports Fourth Quarter and Full Year 2020 Financial Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.