Westport Fuel Systems Inc. reported financial results for the third quarter of 2024, highlighting a 14% decrease in revenues to $66.2 million, primarily due to the transition of Heavy-Duty OEM revenues to Cespira, their joint venture with Volvo Group. The company managed to improve its net loss from $11.9 million to $3.9 million, supported by cost-cutting measures and a significant improvement in gross margin. Adjusted EBITDA showed positive momentum, reaching negative $0.8 million compared to negative $3.0 million in the same quarter last year. Westport expressed confidence in the future of alternative fuels, including hydrogen, despite the current slowdown in infrastructure development globally. The company believes in the gradual adoption of hydrogen as a clean fuel source worldwide. Westport's focus remains on operational excellence, innovation, and supporting Cespira to ensure sustainable growth in the evolving landscape of the transportation industry. The company provides a range of components and systems for various low-carbon fuels and aims to address emission regulations through practical applications. Cash and cash equivalents stood at $33.3 million, with emphasis on operating efficiency and investment activities. Despite challenges in the hydrogen market, Westport is dedicated to driving cleaner performance and shaping a sustainable future through innovation.