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Ballard Power Systems Inc. (T:BLDP)

Business Focus: Stationary Fuel Cells

This company is also listed in the United States as BLDP on the NASDAQ. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Energy Industry:  Renewable Energy Equipment & Services
 
Company Contact
Address: 9000 Glenlyon Parkway
BURNABY BC V5J 5J8
Tel: N/A
Website: https://www.ballard.com
IR: See website
Key People
R. Randall Macewen
President, Chief Executive Officer, Director
Paul Michael Dobson
Chief Financial Officer, Senior Vice President
Jesper Themsen
President, Chief Executive Officer, Europe
Mark Biznek
Chief Operating Officer, Senior Vice President
Sarbjot Sidhu
Chief People and Culture Officer, Senior Vice President
Kevin Colbow
Senior Vice President, Chief Technology Officer
Mircea Gradu
Senior Vice President, Chief Engineering Officer
David Mucciacciaro
Senior Vice President, Chief Commercial Officer
Kerry B. Hillier
Corporate Secretary
Business Overview
Ballard Power Systems Inc. is a proton exchange membrane (PEM) fuel cell power system development and commercialization. The Company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, and the delivery of services, including technology solutions, after sales services and training. It also offers hydrogen fuel cell powertrain integration solutions. Its fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. It also has sales, assembly, research and development, certain engineering services and after-sale service facilities in Hobro, Denmark and London, United Kingdom, and has a sale, supply chain, and after-sales service office in Guangzhou, Guangdong Province, China.
Financial Overview
For the fiscal year ended 31 December 2023, Ballard Power Systems Inc revenues increased 25% to $102.4M. Net loss before extraordinary items decreased 10% to $144.2M. Revenues reflect Northern America segment increase of 32% to $37.7M, Europe segment increase of 21% to $49M. Lower net loss reflects Investment and other income increase from $19.6M to $43.3M (income), Foreign exchange loss increase from $4.6M (expense) to $821K (income).
Employees: 1,173 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $35.84M as of Dec 31, 2023
Annual revenue (TTM): $140.24M as of Dec 31, 2023
EBITDA (TTM): -$199.74M as of Dec 31, 2023
Net annual income (TTM): -$197.57M as of Dec 31, 2023
Free cash flow (TTM): -$199.94M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 298,935,706 as of Mar 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization