What is the revenue and EPS growth rate for Westport Fuel Systems year over year?

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What factors drove the changes in Westport Fuel Systems's revenue and profit?

- **Revenue Shift**: Q3 revenue down 67% YoY, but Sospira segment grew 19% to $19.3M.
- **Financial Health**: $33.1M cash, $3.9M debt; 60% CapEx reduction and 15% SG&A cut planned for 2026.
- **Strategic Moves**: Shifting production to Canada/China; launching CNG solution for North America.
- **Growth Drivers**: New OEM trial for HPDI; India/South America expansion for Sospira.
- **Risks**: EBITDA loss of $5.9M; foreign exchange volatility.

**【CFO Financial Commentary】**
- Q3 2025 revenue: $1.6 million (down from $4.9 million in Q3 2024). Sospira revenue increased 19% to $19.3 million.
- Adjusted EBITDA: -$5.9 million (vs. -$0.8 million in Q3 2024). Net loss: -$10.4 million (vs. -$6 million).
- Foreign exchange loss: $1.3 million. One-time costs: $1 million (severance/restructuring).
- Cash: $33.1 million. Debt: $3.9 million (maturing in 2026). Capital spending for Sospira: $11 million in Q3.

**【CEO Commentary】**
- **Transformation Progress**: Divestiture of light-duty business improved gross margin to 31% (from 14%).
- **Sospira Growth**: 19% revenue increase; new OEM trial with hundreds of HPDI components.
- **Manufacturing Shift**: Moving production to Canada and China; expected to begin in Q4 2025.
- **CNG Solution**: Developing off-engine systems for North America; demo fleets expected soon.
- **Financial Targets**: 60% CapEx reduction and 15% SG&A reduction in 2026.

**【Q&A Highlights】**
- **OEM Trial Timeline**: Feedback expected mid-2026; decision on commercialization thereafter.
- **Capital Needs**: Additional contributions to Sospira in 2026 for market expansion.
- **Manufacturing Transition**: China and Canada facilities nearing completion; minor revenue impact in transition.
- **CNG Deployment**: Fleets to trial systems; commercialization contingent on EPA certification.

Westport Fuel Systems Inc (WPRT) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WPRT

WPRT fundamentals

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