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Westport Quel Systems NEWS RELEASE Westport Fuel Systems Reports First Quarter 2021 Financial Results 5/6/2021 VANCOUVER , British Columbia , May 06 , 2021 ( GLOBE NEWSWIRE ) -- Westport Fuel Systems Inc. ( " WFS " ) ( TSX : WPRT / Nasdaq : WPRT ) today reported financial results for the first quarter ended March 31 , 2021 and provided an update on operations . All figures are in U.S. dollars unless otherwise stated . FIRST QUARTER 2021 HIGHLIGHTS ● Revenues of $ 76.4 million , up 14 % compared to the same period in 2020 due to increased sales volumes in WFS ' light - duty and heavy - duty Original Equipment Manufacturing ( " OEM " ) businesses Net loss of $ 3.1 million and net loss per share of $ 0.02 were impacted by supply chain - related production issues at WFS ' initial High Pressure Direct Injection ( " HPDI " ) ™ launch partner , one - time severance costs and an unrealized foreign exchange loss • Adjusted earnings before interest , taxes , depreciation and amortization of $ 2.7 million • At - the - Market equity offering raised gross proceeds of $ 13.2 million in 1Q21 , for a cumulative total of $ 27.6 million ; cash and cash equivalents were $ 59.7 million at the end of the quarter • Announced co - investment agreement with injector manufacturing partner to expand manufacturing capacity for HPDI 2.0 Injectors • Amended agreement terms with Weichai Westport for the supply of at least 25,000 HPDI Systems in China through December 31 , 2024 1