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.
|(millions of U.S. dollars, except per share amounts and shares outstanding)||Quarter ended mar 31|
|Net income (loss)||(12.8)||(24.6)|
|Net income (loss) per share—basic and diluted (2)||(0.11)||(0.38)|
|Weighted average shares outstanding||110,171,034||64,413,316|
|Cash and short-term investments||47.7||24.6|
|Long-term debt (incl. current portion)
|Consolidated Adjusted EBITDA (3)||(4.1)||(11.9)|
Enhanced Liquidity and Continued Execution on Stated Goals
To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).
Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.
Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.
Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.