Financial Information

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Key Financials

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

[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

52 week Range -
52 week Range -

News Releases

March 22

Westport Fuel Systems Reports Fourth Quarter and Fiscal 2017 Financial Results

Transformative Year: Well Positioned for 2018 with Market-Ready Solutions

March 21

Westport Fuel Systems to Announce Fourth Quarter and Fiscal 2017 Results on Friday, March 23, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the fourth quarter and year ended December 31, 2017 on Friday, March 23, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, March 23, 2018 at 8:30am Eastern Time (5:30am Pacific Time).

March 19

Westport Fuel Systems Appoints New Director

Westport Fuel Systems Inc. today announced Michele Buchignani has been appointed to the company’s Board of Directors, effective March 16, 2018. The appointment of Ms. Buchignani, who was previously a member of Westport Fuel Systems Advisory Board, increases the number of directors from 9 to 10.

March 8

Westport Fuel Systems Advances Technology Leadership and Solutions

AVL Endorses Higher Pressure HPDI System Enabling Future Efficiency and Performance Demands

January 4

Cummins Westport Receives 2018 Emissions Certifications for ISX12N Natural Gas Engine

Cummins Westport Inc. announced today that it has received certifications from both the U.S. Environmental Protection Agency and Air Resources Board in California for its 2018 ISX12N natural gas engine.