Ballard Power Systems Q1 loss grows from year ago, revenue up 9%
May 7, 2024 | 7:18 AM
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VANCOUVER — Ballard Power Systems saw its first-quarter loss deepen compared with a year ago as its revenue rose nine per cent.
The Vancouver-based fuel cell maker, which keeps its books in U.S. dollars, says its loss from continuing operations amounted to US$41.1 million or 14 cents US per share for the quarter ended March 31.
The result compared with a loss of US$32.4 million or 11 cents US per share in the same quarter last year.
Revenue totalled US$14.5 million, up from US$13.2 million in the first quarter of 2023.
