Overview
* Ballard Q2 revenue rises 11% YoY, in line with analyst expectations, per LSEG data
* Company initiates strategic realignment to achieve positive cash flow by 2027
* Order backlog decreases 7% compared to Q1 2025
Outlook
* Ballard expects 2025 revenue to be back-half weighted
* Total Operating Expense guidance for 2025 is $100-$120 mln
* Capital Expenditure guidance for 2025 is $15-$25 mln
* Focus on strongest products and cost reduction activities to support margin expansion
Result Drivers
* HEAVY-DUTY MOBILITY - Revenue growth driven by bus and rail deliveries to North American and European customers
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Meet $17.80 $17.60
Revenue mln mln (9
Analysts
)
Q2 -$30.60
Adjusted mln
EBITDA
Q2 EPS -$0.08
continui
ng
operatio
ns
Q2 $31.70
Operatin mln
g
Expenses
Press Release:
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)