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Westport Quel Systems NEWS RELEASE Westport Fuel Systems Reports Third Quarter 2021 Financial Results 11/8/2021 VANCOUVER , British Columbia , Nov. 08 , 2021 ( GLOBE NEWSWIRE ) -- Westport Fuel Systems Inc. ( " WFS " ) ( TSX : WPRT / Nasdaq : WPRT ) reported financial results for the third quarter ended September 30 , 2021 , and provided an update on operations . All figures are in U.S. dollars unless otherwise stated . THIRD QUARTER 2021 HIGHLIGHTS Revenues of $ 74.3 million , up 14 % compared to the same period in 2020 , due to the continued recovery of sales volumes in our light - duty OEM businesses since the beginning of the COVID - 19 pandemic and $ 7.1 million revenue from our recently acquired fuel storage business , partially offset by the decrease in the independent aftermarket ( " IAM " ) business • Net loss of $ 5.8 million and net loss per share of $ 0.03 mainly due to increased operating expenses , lower government wage - subsidy and support programs , and lower foreign exchange gain • Global supply chain challenges and the shortage of semiconductors adversely impacted growth of our HPDI sales , independent aftermarket business , and delayed OEM businesses due to lower production compared to customer demand ● • Awarded our single largest IAM tender bid of € 9 Million for the supply of 60,000 LPG systems to NAFTAL , a branch of SONATRACH , the national Algerian Oil & Gas company • Published our annual ESG report , featuring 34.4 % lower overall GHG emissions ( tonnes - CO2e ) and reduced GHG intensity by 20.6 % year over year • Cartesian Capital Group debt converted into common shares of the company " While this was a challenging quarter for our company as we felt the larger effects of both the ongoing semi conductor shortage and global supply chain issues across key parts of our business ; despite these challenges , 1