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News Breaks
October 10, 2012
05:42 EDTBLDPBallard Power cuts 2012 revenue view to $60M, consensus $95.16M
Revenue guidance had been approximately $85M. Adjusting for the absence of contract manufacturing in 2012 vs 2011, revised revenue guidance represents year-over-year total revenue growth of 3%, and 19% in the Fuel Cell Product segment. Beyond revenue and Adjusted EBITDA, other key metrics are expected to remain in line with previous outlooks, including improving trajectories in cash operating expense and cash flow in the second half of the year. The 12 month rolling order book remained strong through Q3 and is expected to drive stronger revenue growth in Q4 and into 2013. Ballard expects to begin 2013 with a 12 month rolling order book of approximately $50M.
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May 8, 2013
17:02 EDTBLDPBallard Power sees positive development in clean energy fuel market
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