Westport Fuel Systems Inc. (WPRT) CEO David Johnson on Q1 2022 Results - Earnings Call Transcript

Westport Fuel Systems Inc. (NASDAQ:WPRT) Q1 2022 Earnings Conference Call May 9, 2022 10:00 AM ET

Company Participants

Christian Tweedy – Investor Relations
David Johnson – Chief Executive Officer
Richard Orazietti – Chief Financial Officer

Conference Call Participants

Eric Stine – Craig-Hallum
Rob Brown – Lake Street Capital Markets
Colin Rusch – Oppenheimer
Amit Dayal – H.C. Wainwright
Mac Whale – Cormark Securities
Jeff Osborne – Cowen & Co

Operator

Thank you for standing by. This is the conference operator. Welcome to the Westport Fuel Systems First Quarter 2022 Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator instructions]

I would now like to turn the conference over to Christian Tweedy, Westport's Investor Relations representative. Please go ahead.

Christian Tweedy

Good morning, everyone. Welcome to Westport Fuel Systems' first quarter 2022 conference call, which is being held following our press release yesterday of Westport Fuel Systems' financial results. On today's call, speaking on behalf of Westport Fuel Systems is Chief Executive Officer, David Johnson; and Chief Financial Officer, Richard Orazietti. This call is open to the public and the media, but questions will be restricted to the investment community.

You are reminded that certain statements made in this conference call and our responses to various questions may constitute forward-looking statements within the meaning of the U.S. and applicable Canadian securities laws, as such, forward-looking statements are made based on our current expectations and involve certain risks and uncertainties.

With that, David, I'll turn the call over to you.

David Johnson

Thanks, Christian. Good morning everyone. Thanks for joining us to review Westport Fuel Systems' results for the first quarter 2022. In Q1, we generated revenues of $76 million comparable to the same period of 2021. Excluding for