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Last $4.46 USD
Change Today 0.00 / 0.00%
Volume 275.6K
WPRT On Other Exchanges
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Exchange
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As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

westport innovations inc (WPRT) Snapshot

Open
$4.55
Previous Close
$4.46
Day High
$4.60
Day Low
$4.40
52 Week High
07/14/14 - $18.98
52 Week Low
01/20/15 - $3.24
Market Cap
284.1M
Average Volume 10 Days
386.7K
EPS TTM
--
Shares Outstanding
63.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTPORT INNOVATIONS INC (WPRT)

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westport innovations inc (WPRT) Details

Westport Innovations Inc. provides low-emission engine and fuel system technologies utilizing gaseous fuels. The company’s technology and products enable light, medium, heavy-duty, and high horsepower petroleum-based fuel engines and vehicles to use primarily natural gas and alternative fuels. It designs, manufactures, and sells compressed natural gas, liquefied petroleum gas, and liquefied natural gas (LNG) components and subsystems to original equipment manufacturers. The company also designs and manufactures a range of components, such as pressure regulators, injectors, electronic control units, valves, and filters; sells monofuel, bi-fuel, and dual-fuel diesel blend conversion kits; and offers engine management systems and solutions. In addition, it engineers, designs, assembles, and sells natural gas engine and vehicle systems for automotive, light commercial, and trucking applications; and provides aftermarket conversion products, alternative fuel systems, and application engineering services. Further, the company offers LNG products for fuel in large and off-road engine applications, including rail, mining, marine, and oil and gas; industrial engines for material handling; and products for forklift and oilfield applications. Additionally, it provides engines for use in transit, school and shuttle buses, conventional trucks and tractors, and refuse collection trucks, as well as specialty vehicles, such as short-haul port drayage trucks and street sweepers; and develops, manufactures, and sells alternative fuel engines and parts that are used in city bus, coach, and heavy-duty truck applications. The company was founded in 1995 and is headquartered in Vancouver, Canada.

746 Employees
Last Reported Date: 03/9/15
Founded in 1995

westport innovations inc (WPRT) Top Compensated Officers

Founder, Chief Executive Officer, Director, M...
Total Annual Compensation: $633.6K
President and Chief Operating Officer
Total Annual Compensation: $497.8K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: $368.5K
Executive Vice President of Heavy Duty Engine...
Total Annual Compensation: $294.2K
Executive Vice President of Applied Technolog...
Total Annual Compensation: $129.7K
Compensation as of Fiscal Year 2014.

westport innovations inc (WPRT) Key Developments

Westport Innovations Inc. Launches New Combustion Technology with Volvo Cars

Westport Innovations Inc. announced the introduction of Westport's new combustion technology in Volvo Car Company's new Drive-E powertrain bi-fuel engine. Volvo Cars is the first OEM to feature the new Westport system. It will be used on Volvo's new two-litre, direct injection, four-cylinder Drive-E powertrain family, which will be available on the Volvo V60 and V70 2016 models. The engine offers 245 HP and 350NM in torque and emissions as low as 40g CO2/km. Westport expects most customers will seek bi-fuel operation with high performance gasoline direct injection coupled with Westport's new natural gas combustion technology.

Westport Innovations Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Financial Guidance for 2015

Westport Innovations Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of $27.4 million compared to $52.6 million a year ago. Income from unconsolidated joint ventures was $11.4 million compared to $3.52 million a year ago. Adjusted LBITDA was $23 million compared to $23.2 million a year ago. This was due to overall improvement in cost structure, primarily offset by severance costs and a one-time charge on an engineering program. Net loss was $64.9 million or $1.02 per share compared to $89.5 million or $1.42 per share a year ago. For the quarter ended December 31, 2014, Westport reported an Adjusted EBITDA loss from operations of $11.6 million compared with $8.4 million in 2013. The increase in adjusted EBITDA loss is due primarily to severance costs and a one-time charge on an engineering program. Cash used in operations for the quarter ended December 31, 2014 was $23.4 million, a sequential decrease of $8.0 million from the quarter ended September 30, 2014 where cash used was $31.4 million. This is primarily due to improvements in working capital. For the year, the company reported revenues of $130.6 million compared to $164 million a year ago. Income from unconsolidated joint ventures was $14.2 million compared to $13.4 million a year ago. Adjusted LBITDA was $83.9 million compared to $96.9 million a year ago. This improvement was primarily due to the consolidation and restructuring activities. Net loss was $149.6 million or $2.37 per share compared to $185.4 million or $3.22 per share a year ago. The decrease in revenue for the quarter and year ended December 31, 2014 is primarily due to the discontinuation of the first generation Westport™ HPDI system in the prior year period, timing of service revenue, competition from gasoline-fueled vehicles due to the decrease in petroleum-based fuel pricing, unfavorable impact of foreign currency translation from Euro to US dollar equivalent, and weakness in key markets such as Europe and the Americas. Adjusted EBITDA loss from operations for the year ended December 31, 2014 was $17.7 million compared with $34.5 million for the year ended December 31, 2013. The improvement year-over-year was primarily due to the impact of consolidation and restructuring activities. Cash used in operations for the year ended December 31, 2014 was $106.8 million, a decrease of $10.0 million from the year ended December 31, 2013 where cash used was $116.8 million. This is primarily due to improvements in operations and reduced product investments. Financial outlook for 2015: With continued uncertainty in global energy markets, and due to fluctuations in exchange rates, 2015 topline revenue forecasts are quite uncertain. Nevertheless, the company is forecasting modest growth in some markets and expects total segments revenue of approximately $1.1 billion for Westport Operations and joint ventures for the year ended December 31, 2015. Westport expects CWI to have modest revenue growth year-over-year due to the current energy prices; however the net income to Westport in fiscal year 2015 would improve as a result of identifying and resolving warranty issues associated with the Cummins Westport 8.9L ISL G. WWI is expected to see continued growth. Revenue from Westport Operations is expected to be between $110 million and $125 million, primarily due to currency fluctuations, volatility in US gasoline prices and continued economic uncertainty in Europe, offset by opportunities in new markets. Westport is able to provide revenue outlook for Westport Operations but will refrain from a specific revenue number on each of the joint venture for competitive reasons.

Westport Innovations Inc., Q4 2014 Earnings Call, Mar 09, 2015

Westport Innovations Inc., Q4 2014 Earnings Call, Mar 09, 2015

 

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WPRT Competitors

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Company Last Change
Balqon Corp $0.12 USD 0.00
Fuel Systems Solutions Inc $11.03 USD +0.11
Landi Renzo SpA €1.12 EUR -0.006
Power Solutions International Inc $64.10 USD -0.19
UQM Technologies Inc $1.04 USD 0.00
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Industry Analysis

WPRT

Industry Average

Valuation WPRT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 1.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.9x
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