Westport Fuel Systems Reports Mixed Q4, Reveals Light-Duty Segment Sale

Westport Fuel Systems (NASDAQ:WPRT) reported mixed fourth-quarter 2024 results.

The company reported a quarterly revenue decline of 13.9% year-over-year to $75.1 million, beating the consensus of $70.28 million. Net loss per share reduced to $0.59 from $0.81 a year ago, missing the consensus loss of $0.22.

The Cespira division contributed $22.8 million in revenue for the quarter.

Gross margin expanded 990 bps to 19%, with gross profit at $14.3 million (+78.7% YoY).

The quarter’s adjusted EBITDA loss was $1.8 million compared to the loss of $10 million in the prior year quarter.

As of December 31, 2024, the company held $37.6 million in cash and cash equivalents, ...