/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
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Investegate |Westport Fuel Systems Inc Announcements | Westport Fuel Systems Inc: Westport Fuel Systems Reports Fourth Quarter and Full Year 2020 Financial Results
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