Westport Fuel Systems Inc. reported Q1 2026 net loss of $5.7 million with revenue of $2.3 million, alongside Cespira JV revenue growth of 33% and reduced funding needs.
Key takeaways
Cespira JV revenue increased $5.6 million or 33% YoY, reducing net loss by $4.6 million.
Westport's High-Pressure & Controls segment revenue rose $0.4 million or 21% YoY.
Cybersecurity incident on March 17, 2026 caused delayed filings and temporary MCTO, now resolved with no internal control deficiencies.
Consolidated revenue $2,285 thousand vs $7,323 thousand prior year, net loss $5,707 thousand or $(0.33) per share.
Cash and equivalents decreased to $24.5 million from $27.2 million at year-end.
Westport reduced capital contributions to Cespira to $2.9 million from $4.7 million prior year.