08:59 AM EDT, 08/11/2025 (MT Newswires) -- Ballard Power Systems ( BLDP ) , which delivers fuel cell power, on Monday reported that its second-quarter net loss narrowed and beat analysts' expectations as revenue increased.

For the three-months ended June 30, the company reported a decline in its net loss from continuing operations of US$24.3 million or US$0.08 per share, compared with US$31.5 million or US$0.11 per share, a year earlier. The result beat consensus estimate compiled by FactSet of US$0.09 loss per share.

Revenue for the quarter increased to US$17.8 million compared with US$16.0 million, a year-ago, missing consensus estimate compiled by FactSet of US$18.2 million.

"We will continue to limit capital expenditure and closely manage our cash to support our balance sheet," said Ballard Chief Executive Marty Neese. "We expect majority of restructuring charges to be recognized in the third quarter, and the full benefit of reduced operating expenses in 2026."

The company saw a 27% reduction in cash operating costs due to 2024 restructuring actions and 19% reduction in total operating expenses driven primarily by 2024 restructuring actions, partially offset by initial restructuring costs related to the July restructuring.

The company did not provide specific revenue and net income or loss guidance for 2025, but forecasts revenue to be back-half weighted.

U.S.-listed shares of the company were last seen down 1.1% at US$1.7806 in pre-market trading.