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Financial Information

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Key Financials

(millions of U.S. dollars, except per share amounts and shares outstanding) March 31
Q1 2014q1 2013


  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 41.9 30.1
Gross margin 12.3 8.1
GM % 29.4% 26.9%
Net loss (23.9) (31.8)
Net loss per share—basic and diluted (1) (0.38) (0.57)
Weighted average shares outstanding 62,899,687 55,342,332
Cash and short-term investments 183.9 173.9
Total assets 448.3 444.5
Long-term debt
10.8 49.3
Consolidated Adjusted EBITDA (2) (22.1) (26.3)
Cash used in operations before changes in non-working capital (22.4) (29.1)