Westport Fuel Systems announces co-investment agreement to expand manufacturing for HPDI 2 0 injectors in China greencarcongress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greencarcongress.com Daily Mail and Mail on Sunday newspapers.
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
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