Financial Information

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Key Financials

(expressed in millions of U.S. dollars, except for per share amounts, shares outstanding) 3 Months ENDED Mar 31

[1] Q1 2018 Includes restricted cash of $2.5 million

[2] 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 67.6 60.0
Gross margin 15.3 17.5
GM % 23% 29%
Net loss from Continuing Operations (12.7) (12.8)
Loss per share from Continuing Operations - basic & diluted (0.1) (0.12)
Weighted average shares outstanding basic and diluted 131,689,685 110,171,034
Cash and cash equivalents 55.21 47.7
Total assets 299.5 325.3
Total debt and royalty payable 72.6 101.2
Consolidated Adjusted EBITDA2 (3.5) (4.1)
Net cash used in operating activities of Continuing Operations (13.0) (16.8)

Stock Price

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News Releases

May 31

Westport Fuel Systems Announces New Chief Financial Officer

Westport Fuel Systems Inc. today announced the appointment of Mike Willis as Chief Financial Officer ("CFO") effective June 11, 2018. Ashoka Achuthan, Westport Fuel Systems current CFO, will step down from his position but continue to serve as an advisor to the leadership team through a transition period.

May 9

Westport Fuel Systems Publishes 2018 Annual and Special Meeting of Shareholders Results

Westport Fuel Systems Inc. held its Annual and Special Meeting of Shareholders on Monday, May 7, 2018 in Toronto, Ontario.

May 8

Westport Fuel Systems to Announce First Quarter Results on Friday, May 11, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2018 on Friday, May 11, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, May 11, 2018 at 8:30 am Eastern Time.