Westport Fuel Systems (WPRT.TO) on Thursday reported a wider loss and lower revenue for the fourth quarter.
The company lost US$11.1 million, or US$0.65 per share, in the period, compared with a loss of US$10.1 million, or US$0.58, a year ago. FactSet figures were not available.
Revenue fell to US$1.9 million from US$7.3 million a year prior. FactSet projected US$1.1 million.
As of Dec. 31, 2025, the company had US$27.2 million in cash and US$2.9 million in outstanding debt to Export Development Canada. "Based on our projected capital expenditures, debt servicing obligations and operating requirements under our current business plan, we are projecting that our cash and cash equivalents will not be sufficient to fund our operations through the next twelve months from the date of the issuance of our consolidated financial statements," it said.
The company added that it plans to raise more money through public markets, new loans, or other financing options, however, there is no guarantee it will secure the needed funding. "Accordingly, we concluded under the accounting standards that these plans do not alleviate the substantial doubt about Westport's ability to continue as a going concern."