Loading...
Loading...
ballard-power-systems-reports-q3-results
ballard-power-systems-reports-q3-results

Ballard Power Systems reports Q3 results

The global megatrend towards zero emission mobility is accelerating and putting increased momentum behind fuel cell-based power for motive applications, including buses, commercial trucks, rails, marine and cars.

Against this backdrop, Ballard Power Systems made measurable progress in its strategic positioning during the third quarter (Q3), as highlighted in its Q3 2019 results.

The Canadian company reported revenue in Q3 of $24.8m, gross margin of 25%, adjusted EBITDA of -$7.2m and ending cash reserves of $153.4m.

Randy MacEwen, President and CEO said, “Financial results for Q3 and year-to-date, together with a solid order book going forward, support our expectations for the full year.”

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...