Ballard Q3 rev. up 120% YoY to $32.5 mln, gross margin at 15%.

• Ballard Power Systems Q3 revenue up 120% YoY to $32.5 million • Driven by bus and rail deliveries • Gross margin at 15%, a 71-point increase YoY • Net order intake of $19.1 million • Launched FCmove-SC with positive customer reception • Cash Operating Costs down 40% • Total Operating Expenses down 36% • Cash and cash equivalents at $525.7 million • Lower Capital Expenditure outlook range of $8 to $12 million