Westport Reports Third Quarter 2024 Financial Results
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Westport reported its third quarter 2024 financial results, highlighting the transition of Heavy-Duty OEM assets into Cespira, which generated $16.2 million in revenue. This transition offset a quarter-over-quarter revenue decline of $11.2 million.
November 12, 2024 | 10:15 pm
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Westport's transition of Heavy-Duty OEM assets into Cespira generated $16.2 million, offsetting a revenue decline of $11.2 million, indicating a positive strategic move.
The transition of assets into Cespira generated significant revenue, which not only offset the revenue decline but also suggests a positive strategic direction for Westport. This is likely to be viewed favorably by investors, potentially boosting the stock price.
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