Ballard Reports Q3 2023 Results
VANCOUVER, BC, Nov. 7, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the third quarter ended September 30, 2023.
- VANCOUVER, BC, Nov. 7, 2023 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the third quarter ended September 30, 2023.
- "Concurrent with our strong revenue growth in Q3, we also delivered a substantial improvement in our gross margin performance.
- Cash and cash equivalents was $781.0 million at the end of Q3 2023 compared to $955.4 million in the prior year.
- Ballard received approximately $14.8 million of new orders in Q3, and delivered orders valued at $27.6 million, resulting in an Order Backlog of approximately $134.6 million at the end of Q3.