VANCOUVER, British Columbia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) ("Westport" or "The Company") announces that it has established an at-the-market equity offering program (the "ATM Program") that allows the Company to issue and sell up to US$35,000,000 (or its Canadian dollar equivalent) of common shares of the Company (the "Common Shares") from treasury to the public, from time to time, at the Company's discretion. Distributions of the Common Shares under ...

Scharfsinn86 Note: I have covered Westport Fuel Systems Inc. or "Westport" (NASDAQ: WPRT) previously, so investors should view this as an update to my earlier articles on the company. Last week, Westport Fuel Systems reported mixed Q2/2024 results with revenues coming in below and profitability altead of consensus expectations mostly due to a $13.3 million gain resulting from the transfer of the company's High Pressure Direct Injection ("HPD") operations to a recently established joint venture ("the Volvo j ...

Westport Fuel Systems Inc. (WPRT) incurred a loss of 43 cents per share in the second quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of 55 cents. The company had incurred a loss of 60 cents in the year-ago period. WPRT registered consolidated revenues of $83.4 million, missing the Zacks Consensus Estimate of $86 million. The top line also fell from $85 million generated in the corresponding quarter of 2023. The company delivered an adjusted EBITDA of negative $2 million compared with ...

Westport Fuel Systems Inc. (NASDAQ:WPRT) Q2 2024 Earnings Call August 14, 2024 10:00 AM ET Company Participants Ashley Nuell - Vice President, Investor Relations Dan Sceli - Chief Executive Officer and Director Bill Larkin - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Chris Dendrinos - RBC Capital Markets Colin Rusch - Oppenheimer & Company Rob Brown - Lake Street Capital Markets Jeff Osborne - TD Cowen Operator Good day and thank you for standing by. Welcome to the Westpo ...

Westport Innovations (WPRT) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $0.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.82%. A quarter ago, it was expected that this maker of natural-gas engine technology would post a loss of $0.55 per share when it actually produced a loss of $0.79, delivering a surprise of -43.64%. Over the last ...

June 30, 2024 and December 31, 2023 | | | June 30, 2024 | | December 31, 2023 | | --- | --- | --- | --- | --- | | Assets | | | | | | Current assets: | | | | | | Cash and cash equivalents (including restricted cash) | $ | 41,522 | $ | 54,853 | | Accounts receivable (note 6) | | 93,789 | | 88,077 | | Inventories (note 7) | | 56,407 | | 67,530 | | Prepaid expenses | | 6,482 | | 6,323 | | Total current assets | | 198,200 | | 216,783 | | Long-term investments (note 8) | | 45,647 | | 4,792 | | Property, plant and ...

VANCOUVER, British Columbia, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT / Nasdaq:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the second quarter ended June 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. Over / (Under) 2Q24 2Q23 1H24 1H23 % "In the second quarter of 2024, we remained focused on implementing t ...

Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details. At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the globa ...

VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the second quarter of 2024 on Tuesday, August 13, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, August 14, 2024. The webcast will be archived on Westport's website and a replay will be available at https ...

Driving Cleaner Performance Q1 2024 Results Westport Fuel Systems This presentation contains forward-looking statements, including statements regarding, the timing and completion of the joint venture with Volvo, future revenue expectations, timing and production of LPG products with OEM customers, future demand for LPG, future growth in markets, future of our development programs (including those relating to HPDI and Hydrogen), the demand for our products, the future success of our business and technology s ...