Ballard agreed to acquire GeoPura for GBP 275 million upfront, targeting a shift toward energy-as-a-service and profitability by end-2027.
Q2 revenue, margin and loss improve
Ballard Power Systems posted Q2 revenue of USD 21 million, up 15% year over year; gross margin swung to 20%, up 28 percentage points.
Net loss from continuing operations narrowed 16% to USD 20.3 million; loss per share improved to USD 0.07 from USD 0.08.
Adjusted EBITDA loss improved to USD 9.8 million from USD 30.6 million, on margin gains and lower operating costs.
Order intake totaled USD 64 million, lifting backlog 38.8% from end-Q1 to USD 157 million; cash and cash equivalents fell 9% year over year to USD 502 million.
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