Ballard: Fourth Quarter Earnings Overview

Ballard Power Systems Reports Fourth Quarter Financial Results

Ballard Power Systems Inc., headquartered in Burnaby, British Columbia, announced a net loss of $17.5 million for the fourth quarter.

During this period, the company recorded a per-share loss of 6 cents.

These figures were better than anticipated by analysts, who had predicted a loss of 7 cents per share, according to a survey by Zacks Investment Research.

The fuel cell technology firm generated $33.6 million in revenue for the quarter, surpassing analyst expectations of $29.8 million.

For the full year, Ballard Power Systems reported a reduced net loss of $90.9 million, or 30 cents per share, with total annual revenue reaching $99.4 million.

At the close of trading, the company’s stock was priced at $2.15, compared to $1.20 at the same time last year.

Financial data for this article was compiled using information from Zacks Investment Research and processed by Automated Insights.