Westport Fuel Systems (NASDAQ: WPRT) reported Q4 EPS of $0.03, versus $0.00 reported last year. Revenue for the quarter came in at $83.9 million, versus $74.3 million reported last year.

2021 OUTLOOK:

The COVID-19 pandemic brought significant headwinds and uncertainty to the global economy, and significantly impacted our business, our partners and customers. Throughout these tumultuous times, the world’s focus on decarbonizing transportation, global climate change and the need to improve urban air quality have strengthened, not disappeared. The world needs affordable, clean transportation more than ever.

We are poised for growth and continued positive momentum, considering the robust recovery in our revenues in 4Q20 somewhat tempered in the near-term by the current risks in the supply chain the automotive industry is facing. Due to the expected growth in our Heavy-Duty OEM business, we plan to expand our manufacturing capacity through our vendor supplier network and our own manufacturing capabilities to be able to meet our customer demand. We are excited about our recent research and development of H2 ICE technologies and the potential for further applications of HPDI technology in other industry verticals, which will require investment. Significant strides have been made to restore financial stability, and we will continue to evaluate our financing options to sustainably fund the exciting growth potential of our portfolio of existing and emerging technologies.

For earnings history and earnings-related data on Westport Fuel Systems (WPRT) click here.