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Financial Information

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Key Financials

(millions of U.S. dollars, except per share amounts and shares outstanding) as of MAR 31, 2016
Q1 2016Q1 2015

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.
  3. Westport defines cash used in operations as cash used in operations, excluding changes in working capital, plus dividends received from joint ventures.
Total revenue 24.0 28.0
Gross margin 6.8 5.4
GM % 28.3% 19.3%
Net loss (23.3) (17.2)
Net loss per share—basic and diluted (1) (0.36) (0.27)
Weighted average shares outstanding  64,413,316 63,838,842
Cash and short-term investments 24.6 71.3
Total assets 209.1 291.2
Long-term debt
65.4 71.0
Consolidated Adjusted EBITDA (2) (10.6) (9.2)
Cash used in operations (3) (23.1) (22.5)