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Ballard Reports Q1 2025 Results
Prnewswire· 2025-05-06 11:30
VANCOUVER, BC, May 6, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2025. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).Highlights (comparisons are to Q1 2024): Revenue of $15.4 million, up 6% YoY, primarily driven by bus market strength; engine shipments up 31% 14 point improvement in gross margins, ...