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Investegate |Westport Fuel Systems Inc Announcements | Westport Fuel Systems Inc: Westport Fuel Systems Reports Second Quarter 2021 Financial Results
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Westport Fuel Systems Reports Second Quarter 2021 Financial
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Westport Fuel Systems Inc: Westport Fuel Systems Reports Second Quarter 2021 Financial Results
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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 (