- Westport Fuel Systems (NASDAQ:WPRT) +2.9% premarket after reporting a larger than expected Q3 loss but a 241% Y/Y rise in consolidated revenues to $76M, mainly due to the addition of Fuel Systems revenue as a result of the recent merger.
- WPRT also says it has engaged advisors to address debt financing alternatives, including the extension or refinancing of debt coming due in 2017, and it expects the sale of non-core assets to provide additional cash to the balance sheet.
- WPRT also says its cost efficiency measures so far have achieved in $16M in annual savings.