Stock Quote
News Releases
- Navistar Expands Product Line with Cummins Westport Engine Feb 3
- Westport Appoints Douglas King to Board of Directors Jan 4
- Westport Announces Consortium Agreement with EMD to join SDTC Program and Develop Natural Gas Fuel System for Rail Locomotives Dec 1
- Westport Environmental Management System Certified to ISO 14001:2004 Nov 7
Key Financials
(thousands of U.S. dollars, except per share amounts, shares outstanding, and units shipped)
| 3 mo. ended Sept. 30 | ||
|---|---|---|
| CY 2011 | CY 2010 | |
| Units shipped | 1,710 | 1,115 |
| Total revenue | 81,041 | 44,904 |
| Gross margin | 25,805 | 17,822 |
| GM % | 32% | 40% |
| Net loss | (13,162) | (6,217) |
| Net loss per share—basic and diluted (1) | (0.27) | (0.16) |
| Weighted average shares outstanding | 48,239,201 | 39,668,516 |
| Cash and short-term investments | 105,571 | 80,331 |
| Total assets | 362,780 | 169,481 |
| Long-term financial liabilities (2) | 92,612 | 24,544 |
| Cash used in operations before changes in non-cash working capital | (6,776) | (1,728) |
Notes:
- 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.
- Excluding current portions of warranty liability and long-term debt obligations.
About Westport
Westport is ...
... the global leader in natural gas engines. We have set the standard for engineering expertise, global partnership strategies, and market knowledge for CNG, LNG, and LPG technologies.
Leading Technology
Westport has the industry's most comprehensive patent portfolio of robust, reliable and efficient natural gas engine and related technologies. Our intellectual property is backed by over a decade of research, development, and commercial product success.
Unique Partnerships
Westport works directly with top global manufacturers to seamlessly integrate our ideas and technologies into new and existing products and services. We have unique partnerships with 3 of the 5 top engine companies, 5 of the 6 biggest truck makers, and some of the largest natural gas fuel suppliers.
Market Creation
The switch to natural gas offers tremendous cost savings and operational advantages for fleet owners. Westport makes it easy by consolidating key value chain components (fuel supply, comprehensive maintenance and support) into a single, user-friendly package.
Sustainability
As a clean technology leader, Westport recognizes the responsibility we have to our diverse stakeholder groups and the natural environment in which we live and work. We publish our commitments and results annually in one of the most comprehensive sustainability reports for a company of our size.
Contact Us
Westport Innovations Inc.
Darren Seed
Vice President, Investor Relations and Communications
604-718-2046