Westport slides after earnings miss; guidance

|About: Westport Fuel Systems, Inc. (WPRT)|By:, SA News Editor

2014 guidance calls for revenue of $175M-$185M, up 7-13% from 2013, with company noting it starts the year without $25M in revenue contributions from the first gen Westport HDPI system. Operations are expected to post positive EBITDA by the end of this year and the entire corporation is expected to have positive EBITDA by the end of 2015.

Q4 Westport revenue of $52.6M up 32% from a year ago. Joint venture segment revenue of $110.5M for Cummins Westport up 158%; $93,6M for Weichai Westport falls 13%.

Adjusted EBITDA loss from operations of $8.4M vs. $15.5M a year ago. Consolidated adjusted EBITDA loss of $23.2M vs. $30.8M last year.

CC at 5 ET

WPRT -5.4% AH