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Westport Fuel Systems Reports First Quarter 2021 Financial Results
Westport Fuel Systems IncMay 6, 2021 GMT
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (“WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FIRST QUARTER 2021 HIGHLIGHTS
Revenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS’ light-duty and heavy-duty Original Equipment Manufacturing (“OEM”) businesses
Net loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS’ initial High Pressure Direct Injection (“HPDI”)™ launch partner, one-time severance costs and an unrealized foreign exchange loss
Westport Fuel Systems Inc: Westport Fuel Systems Reports First Quarter 2021 Financial Results
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (
WFS ) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FIRST QUARTER 2021 HIGHLIGHTS
Revenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS light-duty and heavy-duty Original Equipment Manufacturing (
OEM ) businesses
Net loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS initial High Pressure Direct Injection (
Westport Fuel Systems Reports First Quarter 2021 Financial Results
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (“
WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FIRST QUARTER 2021 HIGHLIGHTS
Revenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS light-duty and heavy-duty Original Equipment Manufacturing (
OEM ) businesses
Net loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS initial High Pressure Direct Injection (
Westport Fuel Systems Inc: Westport Fuel Systems and Weichai Westport Agree to Modified Terms for the Supply of HPDI Systems
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to COVID-19, its duration, effects and government responses thereto, the general economy, solvency, governmental policies and regulation, the demand for HPDI 2.0 injectors and their utility when used with hydrogen, as well as other risk factors and assumptions that may affect our
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to COVID-19, its duration, effects and government responses thereto, the general economy, solvency, governmental policies and regulation, the demand for HPDI 2.0 injectors and their utility when used with hydrogen, as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and oth