Westport Fuel Systems (US) (TSE:WPRT) has released an update.
Westport Fuel Systems Inc. reports a decrease in first-quarter 2024 revenues by 6% to $77.6 million, with a net loss widening to $13.6 million, attributed to lower sales volumes and increased costs. Despite these setbacks, the company has initiated strategic cost-saving measures and remains focused on operational excellence and positioning itself for sustainable growth in the zero-emission vehicle market, leveraging its hydrogen fuel system technologies.
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