Ballard reports Q2 results

Ballard reports Q2 results

Ballard Power Systems has released its consolidated financial results for the second quarter (Q2) ended 30th June 2019.

Commenting on the results, Randy MacEwen, President and CEO of Ballard said, “We are seeing unprecedented developments and interest in fuel cell electric mobility, as reflected in our growing order book.”

“Financial results and new contract bookings for Q2 and year-to-date were consistent with the type of first half to the year we had expected. Ballard delivered Q2 revenue of $23.7m, gross margin of 23%, Adjusted EBITDA of ($5.0) million and ending cash reserves of $163.7m.”

“There are clear signals that the hydrogen and fuel cell industry is at an exciting stage in its evolution.”

... to continue reading you must be subscribed

Subscribe Today

As part of our launch and mission to bring the hydrogen supply chain together, H2 View has been providing you with complementary access to all our content.

From 1st January 2020, however, you will need to subscribe to H2 View to continue to have access to this breadth of content – including insightful comment and analysis, value-added interviews and features, and thought-provoking columnists.

A subscription to H2 View enables you to access all online content, from the latest authoritative columnists to the H2 View news archive, as well print editions of H2 View magazine.

Please wait...