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Financial Information

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Key Financials

(millions of U.S. dollars, except per share amounts and shares outstanding) SEPT 30
Q3 2014q3 2013

Notes:

  1. Fully diluted loss per share is not materially different as the effect of conversion of stock options, warrants, and performance share units would be anti-dilutive.
  2. Westport defines Adjusted EBITDA as net income (loss) attributed to the business unit or the consolidated company excluding expenses for (a) income taxes, (b) depreciation and amortization, (c) interest expense, net, (d) non-cash and other unusual adjustments, (e) amortization of stock-based compensation, and (f) unrealized foreign exchange gain or loss. 
Total revenue 25.3 46.5
Gross margin 8.0 16.0
GM % 31.6% 34.4%
Net loss (25.5) (30.2)
Net loss per share—basic and diluted (1) (0.40) (0.53)
Weighted average shares outstanding 63,142,874 56,787,233
Cash and short-term investments 130.2 89.3
Total assets 392.5 420.0
Long-term debt
54.6 51.7
Consolidated Adjusted EBITDA (2) (22.0) (19.4)
Cash used in operations before changes in non-working capital (25.3) (24.5)