← Ballard Power Systems Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $85.3m |
$121.3m
+42.24%
|
$96.6m
-20.37%
|
$106.3m
+10.09%
|
$103.9m
-2.30%
|
$104.5m
+0.60%
|
$83.8m
-19.83%
|
$102.4m
+22.18%
|
$69.7m
-31.88%
|
$99.4m
+42.50%
|
$103.4m
+4.06%
|
|
| Cost of Goods and Services Sold | $61.1m |
$79.7m
+30.45%
|
$66.9m
-16.03%
|
$83.7m
+25.14%
|
$82.9m
-1.00%
|
$90.5m
+9.17%
|
$96.9m
+7.06%
|
$124.2m
+28.20%
|
$91.7m
-26.16%
|
$93.9m
+2.39%
|
$91.6m
-2.49%
|
|
| Cost of product and service revenues | $61.1m |
$79.7m
+30.45%
|
$66.9m
-16.03%
|
$83.7m
+25.14%
|
$82.9m
-1.00%
|
$90.5m
+9.17%
|
$96.9m
+7.06%
|
$124.2m
+28.20%
|
$91.7m
-26.16%
|
$93.9m
+2.39%
|
— | |
| Gross margin | $24.2m |
$41.6m
+72.01%
|
$29.7m
-28.67%
|
$22.6m
-23.86%
|
$21.0m
-7.13%
|
$14.0m
-33.22%
|
($13.1m)
-193.45%
|
($21.8m)
-66.71%
|
($22.0m)
-0.69%
|
$5.5m
+124.85%
|
$11.8m
+116.64%
|
|
| Gross Profit | $24.2m |
$41.6m
+72.01%
|
$29.7m
-28.67%
|
$22.6m
-23.86%
|
$21.0m
-7.13%
|
$14.0m
-33.22%
|
($13.1m)
-193.45%
|
($21.8m)
-66.71%
|
($22.0m)
-0.69%
|
$5.5m
+124.85%
|
$11.8m
+116.64%
|
|
| Research And Development Expense | $19.8m | $25.0m | $27.0m | $26.9m | $35.5m | $62.2m | $96.0m | $98.3m | $94.5m | $58.7m | $50.0m | |
| Sales and marketing | $7.2m | $8.0m | $8.1m | $7.9m | $8.6m | $12.9m | $12.9m | $15.1m | $13.5m | $8.0m | — | |
| Total operating expenses | $42.3m | $46.5m | $50.5m | $50.0m | $60.7m | $102.1m | $145.8m | $141.1m | $161.3m | $108.9m | $75.8m | |
| Gain on sale of assets | — | — | — | $5k | $0 | — | — | — | $0 | $73k | — | |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | $0 | $201k | ($1.2m) | ($11.1m) | ($12.6m) | ($16.1m) | ($11.6m) | ($10.1m) | ($4.9m) | ($4.7m) | — | |
| Other expense | $2.3m | $902k | $605k | $1.9m | $376k | $2.3m | $8.2m | $3.8m | $29.8m | $23.7m | — | |
| Loss before income taxes | ($21.3m) | ($6.5m) | ($27.0m) | ($39.0m) | ($49.3m) | ($114.6m) | ($177.0m) | ($144.1m) | ($323.4m) | ($90.9m) | — | |
| Current Tax Expense (Income) | $3k | $34k | $51k | $9k | $64k | $63k | $39k | $64k | $121k | $51k | — | |
| Income Tax Expense Continuing Operations | $381k | $1.6m | $370k | $20k | $130k | ($216k) | ($3.5m) | $158k | $121k | $51k | $51k | |
| Net loss from continued operations | — | — | — | ($35.3m) | ($49.5m) | ($114.4m) | ($173.5m) | ($144.2m) | ($323.5m) | ($90.9m) | — | |
| Net loss from discontinued operations | — | — | — | ($3.8m) | ($1.9m) | $164k | $0 | ($33.5m) | ($715k) | $0 | — | |
| Net loss | ($21.7m) | ($8.0m) | ($27.3m) | ($39.0m) | ($51.4m) | ($114.2m) | ($173.5m) | ($177.7m) | ($324.2m) | ($90.9m) | — | |
| Basic Earnings (Loss) Per Share | — | ($0.05) | ($0.15) | ($0.17) | ($0.21) | ($0.39) | ($0.58) | ($0.59) | ($1.08) | ($0.30) | ($0.26) | |
| Diluted Earnings (Loss) Per Share | — | ($0.05) | ($0.15) | ($0.17) | ($0.21) | ($0.39) | ($0.58) | ($0.59) | ($1.08) | ($0.30) | ($0.26) | |
| Discontinued operations, basic (in USD per share) | — | — | — | — | ($0.01) | $0.00 | ($0.04) | ($0.11) | $0.00 | $0.00 | — | |
| Discontinued operations, diluted (in USD per share) | — | — | — | — | ($0.01) | $0.00 | ($0.04) | ($0.11) | $0.00 | $0.00 | — | |
| Weighted average number of common shares outstanding (in shares) | — | 176.3m | 185.8m | 232.8m | 248.5m | 295.3m | 298.1m | 298.7m | 299.3m | 300.2m | — | |
| Additional Financial Items | ||||||||||||
| Administrative Expense | $12.9m | $12.6m | $14.8m | $13.2m | $16.2m | $24.7m | $28.8m | $23.9m | $23.5m | $18.4m | — | |
| Applicable Tax Rate | — | — | $0 | $0 | $0 | — | — | — | — | — | — | |
| Employee Benefits Expense | $60.8m | $67.1m | $49.3m | $58.4m | $69.6m | $94.2m | $109.2m | $114.6m | $120.0m | $91.3m | — | |
| Expense From Share-Based Payment Transactions With Employees | $3.0m | $3.1m | $2.9m | $3.6m | $6.2m | $9.7m | $9.4m | $10.7m | $7.5m | $6.3m | — | |
| Finance Costs | $686k | $732k | $503k | $1.4m | $1.3m | $1.3m | $1.3m | $1.1m | $2.1m | $1.9m | — | |
| Finance Income | ($777k) | $1.8m | ($449k) | $2.9m | $4.3m | ($8.8m) | ($2.1m) | $31.1m | $18.9m | $27.4m | — | |
| Impairment Loss Recognised In Profit Or Loss Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24.0m | $40.3m | $0 | — | |
| Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill | $770k | $1.2m | — | — | — | — | $13.0m | $2.3m | $658k | $1.1m | — | |
| Postemployment Benefit Expense Defined Benefit Plans | $263k | $230k | $226k | $208k | $164k | $131k | $189k | $109k | $20k | $21k | — | |
| Profit Loss Attributable To Noncontrolling Interests | ($575k) | $0 | — | — | — | — | — | — | — | — | — | |
| Profit Loss Attributable To Owners Of Parent | ($21.1m) | ($8.0m) | — | — | — | — | — | — | — | — | — | |
| Profit Loss Before Tax | ($21.3m) | ($6.5m) | ($27.0m) | ($39.0m) | ($49.3m) | ($114.6m) | ($177.0m) | ($144.1m) | ($323.4m) | ($90.9m) | — | |
| Profit Loss From Operating Activities | ($18.1m) | ($4.9m) | ($20.8m) | ($27.4m) | ($39.8m) | ($88.1m) | ($158.9m) | ($162.9m) | ($183.3m) | ($103.5m) | — | |
| Results from operating activities | ($18.1m) | ($4.9m) | ($20.8m) | ($27.4m) | ($39.8m) | ($88.1m) | ($158.9m) | ($162.9m) | ($183.3m) | ($103.5m) | — | |
| Finance expense | ($686k) | ($732k) | ($503k) | ($1.4m) | ($1.3m) | ($1.3m) | ($1.3m) | ($1.1m) | ($2.1m) | ($1.9m) | — | |
| Net finance income | ($1.5m) | $1.0m | ($952k) | $1.4m | $3.0m | ($10.1m) | ($3.4m) | $29.9m | $16.8m | $25.5m | — | |
| Equity in loss of investment in joint venture and associates | $0 | $201k | ($1.2m) | ($11.1m) | ($12.6m) | ($16.1m) | ($11.6m) | ($10.1m) | ($4.9m) | ($4.7m) | — | |
| Impairment charges on property, plant and equipment | ($1.2m) | ($1.5m) | $0 | — | $0 | ($263k) | ($7k) | ($967k) | ($111.0m) | ($2.5m) | — | |
| Impairment charges on intangible assets | — | — | — | — | — | — | — | $0 | ($658k) | ($1.1m) | — | |
| Impairment charges on goodwill | — | — | — | — | — | — | — | $0 | ($40.3m) | $0 | — | |
| Impairment charges on equity-accounted investment | — | — | — | — | — | — | — | — | $0 | ($4.6m) | — | |
| Actuarial gain on defined benefit plans | ($361k) | ($206k) | $305k | ($400k) | ($289k) | $2.2m | $1.5m | $970k | $913k | $0 | — | |
| Foreign currency translation differences | $268k | ($1.1m) | $647k | ($38k) | $94k | $814k | ($3.2m) | ($1.5m) | ($1.8m) | $3.2m | — | |
| Other comprehensive income (loss), net of tax | ($93k) | ($1.3m) | $952k | ($438k) | ($195k) | $3.0m | ($1.7m) | ($502k) | ($890k) | $3.2m | — | |
| Total comprehensive loss | ($21.8m) | ($9.4m) | ($26.4m) | ($39.5m) | ($51.6m) | ($111.2m) | ($175.2m) | ($178.2m) | ($325.1m) | ($87.8m) | — |