Westport Fuel Systems: Improved Results But Still No Visible Path To Profitability, Hold [Seeking Alpha]
Westport Fuel Systems Inc - Common Shares (WPRT)
Last westport fuel systems inc - common shares earnings: 3/17 04:30 pm
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US:NASDAQ Investor Relations:
wfsinc.com/investors/corporate-overview
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Source: Seeking Alpha
Investing Group Leader Follow Summary Westport Fuel Systems reported mixed Q2/2024 results, with slight revenue pressure being offset by materially improved gross margins. The company finished the quarter with $49.9 million in pro forma cash and cash equivalents, as well as $44.2 million in debt obligations. Following the recent transfer of the company's HPDI operations to a new joint venture with Volvo, operating expenses and cash usage should come down substantially going forward. In combination with an anticipated $10.5 million payment from Cummins next year, Westport Fuel Systems is not likely to require additional capital anytime soon. However, there's still no visible path to sustained cash generation and profitability which could justify an upgrade of the company's stock. Consequently, I am reiterating my "Hold" rating on the shares. Scharfsinn86 Note: I have covered Westport Fuel Systems Inc. or "Westport" ( NASDAQ: WPRT ) previously, so investors should v
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WPRT
News
- Westport Announces At-the-Market Equity Offering Program [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Westport Announces At-the-Market Equity Offering ProgramGlobeNewswire
- Results: Westport Fuel Systems Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates [Yahoo! Finance]Yahoo! Finance
- Westport Fuel Systems Inc. (NASDAQ: WPRT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $22.00 price target on the stock.MarketBeat
- Westport (WPRT) Q2 Earnings Beat Estimates, Sales Decline Y/Y [Yahoo! Finance]Yahoo! Finance
WPRT
Earnings
- 8/13/24 - Beat
WPRT
Sec Filings
- 9/13/24 - Form 6-K
- 9/13/24 - Form SUPPL
- 8/13/24 - Form 6-K
- WPRT's page on the SEC website