Westport Reports Higher Revenues, Net Loss
Westport Innovations reported a net loss of $14.5 million ($0.30 loss per share) for the quarter and a net loss of $60.1 million for the first nine months of its fiscal year (a $1.26 loss per share).
For Westport's third fiscal quarter (ended Dec. 31, 2011), the company's consolidated revenues increased to $100.6 million compared to $39.5 million for the same period last year, a 154.7% gain. This increase was driven by rise in Westport LD revenue of $14.7 million to $22.6 million as the company began consolidating Emer on July 1, 2011 and AFV on Oct. 23, 2011.
Westport had an adjusted EBITDA (a non-GAAP measure) of negative $1.4 million compared to negative $7.5 million for the same period in 2010.
For the fiscal year (ended Dec. 31, 2011), reported consolidated revenues were $226.5 million compared to $148.1 million for the twelve months ended March 31, 2011.
For the calendar year 2012, Westport says it expects to continue revenue growth of approximately 50% year-over-year, with consolidated revenue expected to be between $400 million and $425 million.
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Westport Innovations reported a net loss of $14.5 million ($0.30 loss per share) for the quarter and a net loss of $60.1 million for the first nine months of its fiscal year (a $1.26 loss per share).
For Westport's third fiscal quarter (ended Dec. 31, 2011), the company's consolidated revenues increased to $100.6 million compared to $39.5 million for the same period last year, a 154.7% gain. This increase was driven by rise in Westport LD revenue of $14.7 million to $22.6 million as the company began consolidating Emer on July 1, 2011 and AFV on Oct. 23, 2011.
Westport had an adjusted EBITDA (a non-GAAP measure) of negative $1.4 million compared to negative $7.5 million for the same period in 2010.
For the fiscal year (ended Dec. 31, 2011), reported consolidated revenues were $226.5 million compared to $148.1 million for the twelve months ended March 31, 2011.
For the calendar year 2012, Westport says it expects to continue revenue growth of approximately 50% year-over-year, with consolidated revenue expected to be between $400 million and $425 million.
Please feel free to comment to any of the posts on this blog. The intent is to start discussions on the subject content. If you have articles for post or comments about the blog in general please contact: Thank you Preferred Logistics----------- www.preferredlogistics.biz
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