Financial Information

As of June 1st, 2016, Fuel Systems Solutions and Westport Innovations have merged to create Westport Fuel Systems. To view previous Fuel System Solutions financials, visit our Regulatory Filings page.

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Key Financials

(expressed in millions of U.S. dollars, except for per share amounts, shares outstanding) Quarter ended SEPT 30
20172016

[1] Westport Fuel Systems defines Adjusted EBITDA as EBITDA from continuing operations excluding expenses for stock-based compensation, unrealized foreign exchange gain or loss, and non-cash and other adjustments. Management uses Adjusted EBITDA as a long-term indicator of operational performance since it ties closely to the business units' ability to generate sustained cash flow. Adjusted EBITDA includes the company's share of income from joint ventures.

Total revenue 60.8 56.1
Gross margin 14.8 8.7
GM % 24% 16%
Net income (loss) from Continuing Operations (15.7) (33.6)
Net income (loss) per share—basic  (0.12) (0.30)
Net income (loss) per share—diluted (0.12) (0.30)
Weighted average shares outstanding—basic 126,282,427 109,863,371
Weighted average shares outstanding—diluted 126,282,427 109,863,371
Cash and short-term investments 51.1 58.7
Total assets 311.1 358.4
Long term debt 36.3 79.0
Consolidated Adjusted EBITDA(1) (5.0) (10.8)
Net cash used in operating activities of Continuing Operations (14.0) (27.4)

Stock Price

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News Releases

November 14

Westport Fuel Systems Reports Third Quarter 2017 Financial Results

Order Fulfillment of Westport™ HPDI 2.0 + Strengthened Balance Sheet

November 8

Westport Fuel Systems to Announce Third Quarter Results On Tuesday, November 14, 2017

To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Tuesday, November 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

October 31

Westport Fuel Systems Awarded NAFTAL Tender

BRC to Supply 40,000 LPG Systems in Algeria

August 29

Westport Fuel Systems to Repay Existing Debentures at Maturity

Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders

August 14

Westport Fuel Systems Reports Second Quarter 2017 Financial Results

Enhanced Liquidity and Continued Execution on Stated Goals

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