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Ballard Power Systems Inc. BLDP-T reported a larger loss in its latest quarter compared with a year ago despite a nearly 30 per cent rise in revenue.

The fuel cell company, which keeps its books in U.S. dollars, says it lost US$62.5-million or 21 cents per share for the quarter ended Sept. 30 compared with a loss of US$42.9-million or 14 cents per share a year earlier.

Total fuel cell products and services revenue amounted to US$27.6-million, up from $21.3-million in the same quarter last year.

Ballard says heavy duty mobility revenue was up 67 per cent at US$21.1-million, helped by higher rail and marine revenue, partially offset by lower bus and truck revenue.

The company’s stationary segment fell five per cent to US$2.9-million as lower sales in North America were partially offset by higher revenue in Europe.

Emerging and other markets revenue fell 37 per cent to US$3.6-million due to lower shipments to Europe.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 19/04/24 4:00pm EDT.

SymbolName% changeLast
BLDP-T
Ballard Power Systems Inc
-1.62%3.65
BLDP-Q
Ballard Power Sys
-2.23%2.63

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