Ballard Power Systems falls on revenue miss

Ballard Power Systems

17/03/2023 13:27

** U.S.-listed shares of Canada-based Ballard Power Systems Inc  BLDP.O  fall
1.2% to $5.06 in pre-market trading
  ** Co reports Q4 total revenue of $20.5 mln, missing analysts' estimates of
$26.8 mln – Refinitiv  urn:newsml:reuters.com:*:nPn1h03Kxa
  ** Posts Q4 loss per share of 12 cents vs est of loss per share of 14 cents
  ** Bolstered by strong order intake in Q4 in Europe and North America, ended
2022 with an order backlog of $133.4 million, co says
  ** Sees 2023 total operating expense between $135 mln to $155 million
  ** Shares up ~7% so far this year; fell ~62% in 2022

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))