Westport Fuel Systems (TSE:WPRT) has released an update.
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Westport Fuel Systems has reported a 14% revenue decline for Q3 2024, mainly due to transitioning its heavy-duty OEM assets to Cespira, which generated $16.2 million. Despite the revenue drop, the company improved its net loss and adjusted EBITDA by executing strategic cost-cutting measures and focusing on innovation and operational excellence.
For further insights into TSE:WPRT stock, check out TipRanks’ Stock Analysis page.
