Ballard Power (BLDP) Posts Wider-than-Expected Q2 Loss of 3c/Share

Ballard Power Systems Inc. (Nasdaq: BLDP) reported Q2 EPS of ($0.03), $0.01 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $18.5 million versus the consensus estimate of $17.17 million.

John Sheridan, President and CEO said, "Our Q2 results continue the performance trend established in the first quarter, with year-over-year progress in all key metrics, including a 27% increase in revenue and improvements of 3-points in gross margin, 5% in cash operating costs and 63% in Adjusted EBITDA. With this momentum and our strengthening sales pipeline we are well-positioned to deliver a strong second half of 2014, consistent with our full-year guidance."

Adjusted EBITDA was negative $1.2 million in Q2.

2014 Business Outlook

The Company has confirmed its full year guidance for:

• Revenue growth of approximately 30%; and
• Approximately break-even Adjusted EBITDA.

For earnings history and earnings-related data on Ballard Power Systems Inc. (BLDP) click here.

You May Also Be Interested In

• Chevron (CVX) earnings fall short while revenue tops estimates in Q1
• ACM Research (ACMR) Reports Prelim Q1 and FY24 Revenues
• Avantor (AVTR) Tops Q1 EPS by 2c