Brief: Westport Fuel Systems Restates Q2 2021 Financial Statements Due To Accounting Error

Westport Fuel Systems

17/09/2021 13:14

Sept 17 (Reuters) - Westport Fuel Systems Inc  WPRT.TO :
    * WESTPORT FUEL SYSTEMS INC - RESTATES Q2 2021 FINANCIAL
STATEMENTS DUE TO ACCOUNTING ERROR
    * WESTPORT FUEL SYSTEMS INC - NO IMPACT ON GROSS MARGIN, NET
INCOME, OR COMPANY'S STATEMENT OF CASH FLOWS
    * WESTPORT FUEL SYSTEMS - RECENTLY BECAME AWARE OF
NON-ROUTINE
INTERCOMPANY INVENTORY SALE OF $5.7 MILLION IN Q2 WHICH WAS NOT
ELIMINATED FROM CONSOL REVENUE
    * WESTPORT FUEL SYSTEMS INC - CONSOLIDATED REVENUE FOR THREE
MONTHS ENDED JUNE 30, 2021 WAS RESTATED TO $79.0 MILLION
    * WESTPORT FUEL SYSTEMS INC - RESTATEMENT DID NOT RESULT
FROM ANY
OVERRIDE OF CONTROLS OR MISCONDUCT

Source text for Eikon:  ID:nGNX50RJ6v 
Further company coverage:  WPRT.TO 

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