Westport Fuel Systems Inc., a key player in advanced alternative fuel systems, announced its Q3 2024 financial results, emphasizing a positive performance despite a 14% drop in revenue. The company reported a net loss of $3.9 million, showcasing improvement driven by better gross margin, reduced operating costs, and foreign exchange gains. Westport's focus on operational pillars like its HPDI joint ventures and innovation led to a cost reduction of approximately 40% compared to the previous year. While acknowledging challenges in hydrogen infrastructure development globally, Westport expressed a steadfast belief in hydrogen as a future fuel source. The company currently offers a suite of alternative low-carbon fuel solutions, including natural gas, renewable natural gas, propane, and hydrogen. Through a commitment to sustainability and cleaner performance, Westport aims to address lower emissions regulations using available innovation. Looking ahead, Westport reaffirmed its dedication to operational excellence, innovation, and supporting Cespira (HPDI joint venture with Volvo Group) for sustainable growth in the evolving alternative fuel and transportation landscape.