Ballard Power Systems Inc (NASDAQ: BLDP) reported a third-quarter FY23 revenue growth of 29% year-over-year to $127.6 million, beating the consensus of $26.20 million.
The company reported a gross loss of $(2.8) million compared to $(4.8) million a year ago. The gross margin was (10)% versus (22)% in 3Q22.
EPS loss was $(0.21) down from $(0.14) in the third quarter of 2022, missing the consensus of $(0.13).
Adjusted EBITDA loss expanded to $(36.2) million in the quarter, from ($35.1) million a year ago, due to higher loss attributable to the Weichai Ballard JV, ...