Ballard Power (BLDP) Tops Q4 EPS by 2c

Ballard Power (NASDAQ: BLDP) reported Q4 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $20.5 million versus the consensus estimate of $26.02 million.

2023 Outlook:

Consistent with the Company's past practice, and in view of the early stage of hydrogen fuel cell market development and adoption, we are not providing specific revenue or net income (loss) guidance for 2023. In 2023, we continue our plan to invest in the business ahead of the hydrogen growth curve. Ballard's Total Operating Expense4 and Capital Expenditure5 guidance ranges for 2023 are as follows:

2023

Guidance

• Total Operating Expense $135 - $155 million
• Capital Expenditure $40 - $60 million

For earnings history and earnings-related data on Ballard Power (BLDP) click here.

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