Ballard Power Systems (BLDP) reported $46.75 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 128.1%. EPS of -$0.16 for the same period compares to -$0.12 a year ago.The reported revenue represents a surprise of +36.17% over the Zacks Consensus Estimate of $34.33 million. With the consensus EPS estimate being -$0.12, the EPS surprise was -33.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

VANCOUVER, BC, March 11, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). Ballard Power Systems Q4 2023 Results (CNW Group/Ballard Power Systems Inc.) "Our transition to a commercial products company is gaining momentum, with growing market ac ...

Investors are always looking for stocks that are poised to beat at earnings season and Ballard Power Systems Inc. (BLDP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ballard Power is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...

VANCOUVER, BC, March 5, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order for 15 megawatts (MW) of fuel cell systems from a UK-based company specializing in renewable off-grid power generation. Ballard expects to deliver 150 x FCmove®-HD+ 100 kW systems beginning in late 2024 and continuing through 2025. The current order of 15 MW of fuel cell systems follows prior cumulative orders for roughly 5 MW of fuel cell systems from this customer, illustrating substantial ...

The market expects Ballard Power Systems (BLDP) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on March 11, 2024, might help the stock move higher if these key n ...

VANCOUVER, BC, Feb. 26, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Monday, March 11th, 2024 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review fourth quarter and full year 2023 operating results. The live call can be accessed by dialing +1-604-638-5340. Alternatively, a live webcast can be accessed through a link on Ballard's homepage (www.ballard.com). Following the call, the webcast will be archived in the 'Earnings, Interviews & Presenta ...

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Ballard Power Systems Inc. (NASDAQ:BLDP) Q3 2023 Results Conference Call November 7, 2023 11:00 AM ET Company Participants Kate Charlton - IR Randy MacEwen - CEO Paul Dobson - CFO Conference Call Participants Michael Glen - Raymond James Aaron MacNeil - TD Cowen Rob Brown - Lake Street Capital Markets Mac Whale - Cormark Securities Rupert Merer - National Bank Jordan Levy - Truist Securities Manav Gupta - UBS Operator Thank you for standing by. This is the conference operator. Welcome to the Ballard Power S ...

Ballard Power Systems Inc. (NASDAQ:BLDP) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Kate Charlton - Vice President, Investor Relations Randy MacEwen - Chief Executive Officer Paul Dobson - Chief Financial Officer Conference Call Participants Aaron MacNeil - TD Cowen Manav Gupta - UBS Rupert Merer - National Bank Rob Brown - Lake Street Capital Markets Greg Wasikowski - Webber Research Mac Whale - Cormark Securities Jordan Levy - Truist Securities Brett Castelli - Mornin ...

[Q2 2023 Performance Overview](index=1&type=section&id=Q2%202023%20Performance%20Overview) This section provides an overview of the company's second-quarter 2023 performance, including management commentary and key financial highlights [Management Commentary](index=1&type=section&id=Management%20Commentary) Management emphasized strategic progress, a growing order book, and re-evaluation of China manufacturing plans towards potential US/EU expansion - The company received **$25.1 million** in new orders during Q2, contributing to a Power Products backlog that is up over **140%** year-over-year[2](index=2&type=chunk) - Ballard is re-evaluating its previously announced MEA localization plan in China due to policy uncertainties and market delays, now analyzing manufacturing capacity expansion options in the US and/or EU, with a decision expected in early 2024[2](index=2&type=chunk) - The company anticipates sequential quarterly revenue growth in the second half of 2023 compared to the first half, along with continued growth in the order book to support 2024 revenue[3](index=3&type=chunk) [Financial Highlights](index=2&type=section&id=Financial%20Highlights) Ballard reported Q2 2023 revenue of **$15.3 million**, a **27%** decrease year-over-year, primarily due to a **39%** drop in Heavy Duty Mobility revenue, with gross margin worsening to **(21%)** and Adjusted EBITDA slightly lower at **($35.9 million)**, while the order backlog grew to **$147.5 million** [Key Financial Metrics](index=2&type=section&id=Key%20Financial%20Metrics) Q2 2023 Key Financial Metrics vs. Q2 2022 | Metric | Q2 2023 | Q2 2022 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $15.3 M | $20.9 M | (27)% | | Gross Margin % | (21)% | (11)% | (10) pts | | Total Operating Expenses | $37.5 M | $38.5 M | (3)% | | Adjusted EBITDA | ($35.9) M | ($35.0) M | (3)% | | Net Loss | ($30.1) M | ($55.8) M | 46% | | Loss Per Share | ($0.10) | ($0.19) | 47% | [Revenue by Segment](index=2&type=section&id=Revenue%20by%20Segment) Q2 2023 Revenue by Segment ($M) | Segment | Q2 2023 | Q2 2022 | % Change | | :--- | :--- | :--- | :--- | | Heavy-Duty Mobility | $8.5 | $13.9 | (39)% | | Stationary | $3.5 | $3.8 | (6)% | | Emerging and Other Markets | $3.3 | $3.3 | -% | | **Total** | **$15.3** | **$20.9** | **(27)%** | - The **39%** decrease in Heavy Duty Mobility revenue was driven by lower revenues from bus, truck, and rail verticals, partially offset by higher marine revenue[6](index=6&type=chunk) [Order Book and Backlog](index=2&type=section&id=Order%20Book%20and%20Backlog) Order Backlog Movement in Q2 2023 ($M) | Description | Amount | | :--- | :--- | | Backlog at End-Q1 2023 | $137.7 | | New Orders in Q2 2023 | $25.1 | | Orders Delivered in Q2 2023 | $15.3 | | **Backlog at End-Q2 2023** | **$147.5** | - The 12-month Order Book stood at **$85.9 million** at the end of Q2, marking an increase of **$12.0 million** or approximately **16%** from the end of Q1 2023[6](index=6&type=chunk) - Order backlog growth was primarily driven by increased orders from North America and Europe, which now represent close to **80%** of the total backlog[6](index=6&type=chunk) [Detailed Financial Summary](index=3&type=section&id=Q2%202023%20Financial%20Summary) This section provides a comprehensive financial summary table for the three months ended June 30, 2023, comparing key metrics against the same period in 2022, detailing revenue by sub-segment, profitability measures, and cash flow information, highlighting a **29%** improvement in cash used by operating activities Q2 2023 Financial Summary (Millions of U.S. dollars) | | 2023 | 2022 | % Change | | :--- | :--- | :--- | :--- | | **REVENUE** | | | | | Heavy-Duty Mobility | $8.5 | $13.9 | (39 %) | | Stationary | $3.5 | $3.8 | (6 %) | | Emerging and Other Markets | $3.3 | $3.3 | - % | | **Total Revenue** | **$15.3** | **$20.9** | **(27) %** | | **PROFITABILITY** | | | | | Gross Margin $ | ($3.2) | $(2.2) | (45 %) | | Gross Margin % | (21 %) | (11 %) | (10)pts | | Adjusted EBITDA | ($35.9) | ($35.0) | (3 %) | | Net Loss | ($30.1) | ($55.8) | 46 % | | **CASH** | | | | | Cash used by Operating Activities | ($27.7) | ($39.0) | 29 % | | Cash and cash equivalents | $815.1 | $1,002.6 | (19 %) | [2023 Outlook](index=3&type=section&id=2023%20Outlook) This section outlines the company's financial projections and guidance for the full year 2023 [Full Year Guidance](index=3&type=section&id=Full%20Year%20Guidance) The company reaffirmed its full-year 2023 guidance, expecting Total Operating Expense to be between **$135 million** and **$155 million**, and Capital Expenditure to be in the range of **$40 million** to **$60 million** 2023 Full Year Guidance | Metric | Guidance Range | | :--- | :--- | | Total Operating Expense | $135 - $155 million | | Capital Expenditure | $40 - $60 million | [Non-GAAP Financial Measures](index=5&type=section&id=Non-GAAP%20Financial%20Measures) This section details the company's non-GAAP financial measures and their reconciliation to IFRS equivalents [Reconciliation of Non-GAAP Measures](index=5&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) This section provides a reconciliation of non-GAAP financial measures to their nearest IFRS equivalents, detailing adjustments made to Total Operating Expenses to arrive at Cash Operating Costs, and to Net Loss to calculate EBITDA and Adjusted EBITDA for Q2 2023 - The company uses non-GAAP measures such as Cash Operating Costs, EBITDA, and Adjusted EBITDA to assist investors in assessing operating performance, excluding items like stock-based compensation, depreciation, amortization, and unrealized foreign exchange gains/losses[15](index=15&type=chunk)[16](index=16&type=chunk) Reconciliation of Total Operating Expenses to Cash Operating Costs (in thousands) | Description | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | Total Operating Expenses | $37,518 | $38,461 | | *Less Adjustments* | | | | Stock-based compensation | ($3,094) | ($2,780) | | Depreciation and amortization | ($2,267) | ($2,491) | | Other adjustments | ($602) | $1,117 | | **Cash Operating Costs** | **$32,915** | **$32,073** | Reconciliation of Net Loss to EBITDA and Adjusted EBITDA (in thousands) | Description | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | Net loss | ($30,096) | ($55,791) | | Depreciation and amortization | $3,286 | $3,441 | | Finance expense | $264 | $308 | | Income taxes (recovery) | $98 | $88 | | **EBITDA** | **($26,448)** | **($51,954)** | | *Further Adjustments* | | | | Stock-based compensation | $3,094 | $2,780 | | Finance and other (income) loss | ($11,865) | $13,123 | | Other adjustments | ($680) | $1,050 | | **Adjusted EBITDA** | **($35,899)** | **($35,001)** |