Financial Information

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Key Financials

(expressed in millions of U.S. dollars, except for gross margin %, per share amounts, and shares outstanding) 3 Months Ended Mar 311
20192018

[1] The 2018 comparative period have been revised to reflect the change in business segments and reflect the reclassification of the CNG Compressor business to discontinued operations.

[2] Westport Fuel Systems defines Adjusted EBITDA as EBITDA from continuing operations excluding expenses for stock-based compensation, unrealized foreign exchange gains or losses, and non-cash and other adjustments that the company deems to be non-recurring in nature. 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 and such information may not be appropriate for other purposes. Adjusted EBITDA includes the Company's share of income from joint ventures. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES for a full reconciliation of Adjusted EBITDA and EBITDA.

Total revenue 73.2 63.8
Gross margin 17.2 14.6
GM % 23% 23%
Net loss from Continuing Operations (3.0) (12.6)
Loss per share from Continuing Operations - basic & diluted (0.02) (0.10)
Weighted average shares outstanding basic and diluted 133,449,211 131,689,685
Consolidated adjusted EBITDA2 7.3 (3.4)
Net cash used in operating activities of continuing operations (15.2) (12.9)
Cash and cash equivalents3 46.0
61.1
Total assets 288.3 269.9
Total debt and royalty payable 74.9 76.2

News Releases

May 9

Reports First Quarter 2019 Financial Results

Strong Revenue Growth in All Areas, Notably Westport HPDI 2.0 Sales

May 6

Publishes 2019 Annual General Meeting of Shareholders Results

Publishes 2019 Annual General Meeting of Shareholders Results

April 30

Westport Fuel Systems to Announce First Quarter Results on Thursday, May 9, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2019 on Thursday, May 9, 2019 after market close.

March 19

Westport Fuel Systems Reports Fourth Quarter and Full Year 2018 Financial Results

Strong 2018 Financial Performance and Continued Growth in 2019

March 8

Westport Fuel Systems to Announce Fourth Quarter and Fiscal 2018 Results on Tuesday, March 19, 2019

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the fourth quarter and year ended December 31, 2018 on Tuesday, March 19, 2019 after market close.

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