Westport Fuel Systems Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.3M | $40.7M | $68.2M | $305.7M | $312.4M | $252.5M | $305.3M | $270.3M |
| Cost of Revenue | $20.6M | $37.9M | $67.8M | $269.5M | $264.3M | $213.0M | $237.1M | $323.0M |
| Gross Profit | $2.7M | $2.8M | $360.0K | $36.2M | $48.2M | $39.5M | $68.3M | $-52.7M |
| Gross Margin | 11.5% | 7.0% | 0.5% | 11.8% | 15.4% | 15.7% | 22.4% | -19.5% |
| Operating Expenses | ||||||||
| Research & Development | $5.8M | $9.5M | $12.8M | $23.5M | $25.2M | $21.0M | $25.2M | $30.6M |
| SG&A Expense | $14.0M | $20.7M | $25.1M | $37.0M | $36.3M | $26.6M | $41.3M | $51.1M |
| Operating Income | $-14.2M | $-37.7M | $-45.6M | $-50.3M | $-30.5M | $-22.0M | $-21.4M | $-52.7M |
| Operating Margin | -61.0% | -92.7% | -66.9% | -16.4% | -9.8% | -8.7% | -7.0% | -19.5% |
| Interest Expense | $613.0K | $1.1M | $3.0M | $3.4M | $4.9M | $8.0M | $7.3M | $9.1M |
| Pretax Income | $-29.4M | $-30.8M | $-48.1M | $-31.3M | $5.5M | $-5.9M | $2.1M | $-38.7M |
| Income Tax Expense | $143.0K | $516.0K | $327.0K | $1.4M | $-8.1M | $1.4M | $2.0M | $2.1M |
| Net Income | $-61.6M | $-21.8M | $-49.7M | $-32.7M | $13.7M | $-7.4M | $41.0K | $-31.5M |
| Net Margin | -264.3% | -53.7% | -72.9% | -10.7% | 4.4% | -2.9% | 0.0% | -11.7% |
| EPS (Basic) | $-3.56 | $-1.26 | $-2.90 | $-1.91 | $0.09 | $-0.05 | $0.00 | $-0.24 |
| EPS (Diluted) | $-3.56 | $-1.26 | $-2.90 | $-1.91 | $0.08 | $-0.05 | $0.00 | $-0.24 |
| Shares Outstanding (Basic) | 17.3M | 17.2M | 17.2M | 17.1M | 160.2M | 137.1M | 134.2M | 133.4M |
| Shares Outstanding (Diluted) | 17.3M | 17.2M | 17.2M | 17.1M | 162.1M | 137.1M | 144.1M | 133.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |