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Stock impact report

Westport Fuel Systems Reports First Quarter 2024 Financial Results

Westport Fuel Systems Inc - Common Shares (WPRT) 
Last westport fuel systems inc - common shares earnings: 3/17 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: wfsinc.com/investors/corporate-overview
Company Research Source: PR Newswire
VANCOUVER, BC, May 8, 2024 /PRNewswire/ -- Westport Fuel Systems Inc. ("Westport") (TSX: WPRT) (Nasdaq: WPRT) reported financial results for the first quarter ended March 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "In my first 100 days, I have worked to determine what needs to be done, identified areas for improvement and begun implementing our three strategic pillars to: harness the potential of our HPDI joint venture to drive success, enhance operational excellence, and focus on Westport's ability to shape the world's hydrogen-powered future. Our success will be determined over the near-, medium- and long-term, respectively. True change will take time.Despite revenue temporarily falling short of our expectations in the first quarter, we've initiated cost-saving measures and have demonstrated a marked improvement in our cash from operations. Recognizing the significant tasks that lie ahead, we remain steadfastly dedicated Show less Read more
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